Alberta
The King’s University receives $20-million donation for new state-of-the-art Science Centre
Construction of a new 40,000 square foot Centre for Excellence in the Sciences at The King’s University will move forward thanks to a gift of $20-million from an anonymous donor. The landmark donation, the largest gift in King’s 42-year history, allows the institution to build on its strong academic reputation in the natural, health and social sciences.
The Centre will include beautiful common spaces, purpose-built teaching facilities, leading technology and laboratories that enable the university to further place student research at the heart of its academic programming.
“I have always been proud of our legacy of research and education,” King’s President Dr. Melanie Humphreys says. “It’s really quite impressive—especially for a university of our size. This incredible, humbling gift is going to propel these programs forward in a significant way and provide new opportunities to branch out into the health sciences.”
Student-faculty research teams at The King’s University are currently involved in projects such as antibiotic resistance, animal-assisted therapy in mental health, endangered trees in Canada’s mountains and foothills, and diseases that devastate honeybee populations. King’s Community Engaged Research program collaborates with local non-profits to help provide data-driven solutions for their organizations.
The Centre for Excellence in the Sciences will be a hub for sustainability research. With a newly granted Transitions to Sustainability Canada Research Chair, the Centre will enhance support and coordination for sustainability work happening across disciplines and at King’s Centre for Visualization in Science (KCVS).
KCVS alone has partnered with more than 40 organizations worldwide, such as UNESCO, and has contributed important resources to three United Nations International Years: Chemistry (2011), Periodic Table (2019), and the upcoming International Year of Basic Sciences for Sustainable Development (2022–23). Another KCVS resource contributed to the education and outreach work of the Organization for the Prohibition of Chemical Weapons, which won the Nobel Peace Prize in 2013.
“Building a more humane, just and sustainable world is right there in our vision statement,” says Dr. Peter Mahaffy, professor of chemistry and co-founder of KCVS. “These words continue to move off the page of aspirational statements to shape and ground what happens here each day.”
ABOUT KING’S
The King’s University has been building a more humane, just and sustainable world for more than 40 years. King’s offers fully accredited programs in the humanities, sciences, business, and education, and ranks at the top of national surveys for quality of teaching, sense of belonging, and intellectual engagement. Award-winning faculty mentor students in their studies and publish leading research in their fields. As Edmonton’s Christian University, King’s empowers graduates to bring renewal to every walk of life.
Alberta
Alberta government should create flat 8% personal and business income tax rate in Alberta
From the Fraser Institute
By Tegan Hill
If the Smith government reversed the 2015 personal income tax rate increases and instituted a flat 8 per cent tax rate, it would help restore Alberta’s position as one of the lowest tax jurisdictions in North America
Over the past decade, Alberta has gone from one of the most competitive tax jurisdictions in North America to one of the least competitive. And while the Smith government has promised to create a new 8 per cent tax bracket on personal income below $60,000, it simply isn’t enough to restore Alberta’s tax competitiveness. Instead, the government should institute a flat 8 per cent personal and business income tax rate.
Back in 2014, Alberta had a single 10 per cent personal and business income tax rate. As a result, it had the lowest top combined (federal and provincial/state) personal income tax rate and business income tax rate in North America. This was a powerful advantage that made Alberta an attractive place to start a business, work and invest.
In 2015, however, the provincial NDP government replaced the single personal income tax rate of 10 percent with a five-bracket system including a top rate of 15 per cent, so today Alberta has the 10th-highest personal income tax rate in North America. The government also increased Alberta’s 10 per cent business income tax rate to 12 per cent (although in 2019 the Kenney government began reducing the rate to today’s 8 per cent).
If the Smith government reversed the 2015 personal income tax rate increases and instituted a flat 8 per cent tax rate, it would help restore Alberta’s position as one of the lowest tax jurisdictions in North America, all while saving Alberta taxpayers $1,573 (on average) annually.
And a truly integrated flat tax system would not only apply a uniform tax 8 per cent rate to all sources of income (including personal and business), it would eliminate tax credits, deductions and exemptions, which reduce the cost of investments in certain areas, increasing the relative cost of investment in others. As a result, resources may go to areas where they are not most productive, leading to a less efficient allocation of resources than if these tax incentives did not exist.
Put differently, tax incentives can artificially change the relative attractiveness of goods and services leading to sub-optimal allocation. A flat tax system would not only improve tax efficiency by reducing these tax-based economic distortions, it would also reduce administration costs (expenses incurred by governments due to tax collection and enforcement regulations) and compliance costs (expenses incurred by individuals and businesses to comply with tax regulations).
Finally, a flat tax system would also help avoid negative incentives that come with a progressive marginal tax system. Currently, Albertans are taxed at higher rates as their income increases, which can discourage additional work, savings and investment. A flat tax system would maintain “progressivity” as the proportion of taxes paid would still increase with income, but minimize the disincentive to work more and earn more (increasing savings and investment) because Albertans would face the same tax rate regardless of how their income increases. In sum, flat tax systems encourage stronger economic growth, higher tax revenues and a more robust economy.
To stimulate strong economic growth and leave more money in the pockets of Albertans, the Smith government should go beyond its current commitment to create a new tax bracket on income under $60,000 and institute a flat 8 per cent personal and business income tax rate.
Author:
Alberta
Province to stop municipalities overcharging on utility bills
Making utility bills more affordableAlberta’s government is taking action to protect Alberta’s ratepayers by introducing legislation to lower and stabilize local access fees. Affordability is a top priority for Alberta’s government, with the cost of utilities being a large focus. By introducing legislation to help reduce the cost of utility bills, the government is continuing to follow through on its commitment to make life more affordable for Albertans. This is in addition to the new short-term measures to prevent spikes in electricity prices and will help ensure long-term affordability for Albertans’ basic household expenses.
Local access fees are functioning as a regressive municipal tax that consumers pay on their utility bills. It is unacceptable for municipalities to be raking in hundreds of millions in surplus revenue off the backs of Alberta’s ratepayers and cause their utility bills to be unpredictable costs by tying their fees to a variable rate. Calgarians paid $240 in local access fees on average in 2023, compared to the $75 on average in Edmonton, thanks to Calgary’s formula relying on a variable rate. This led to $186 million more in fees being collected by the City of Calgary than expected.
To protect Alberta’s ratepayers, the Government of Alberta is introducing the Utilities Affordability Statutes Amendment Act, 2024. If passed, this legislation would promote long-term affordability and predictability for utility bills by prohibiting the use of variable rates when calculating municipalities’ local access fees. Variable rates are highly volatile, which results in wildly fluctuating electricity bills. When municipalities use this rate to calculate their local access fees, it results in higher bills for Albertans and less certainty in families’ budgets. These proposed changes would standardize how municipal fees are calculated across the province, and align with most municipalities’ current formulas.
If passed, the Utilities Affordability Statutes Amendment Act, 2024 would prevent municipalities from attempting to take advantage of Alberta’s ratepayers in the future. It would amend sections of the Electric Utilities Act and Gas Utilities Act to ensure that the Alberta Utilities Commission has stronger regulatory oversight on how these municipal fees are calculated and applied, ensuring Alberta ratepayer’s best interests are protected.
If passed, this legislation would also amend sections of the Alberta Utilities Commission Act, the Electric Utilities Act, Government Organizations Act and the Regulated Rate Option Stability Act to replace the terms “Regulated Rate Option”, “RRO”, and “Regulated Rate Provider” with “Rate of Last Resort” and “Rate of Last Resort Provider” as applicable. Quick facts
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