Alberta
“…That’s why these series are seven games…”
Several valuable lessons for fans and other followers of the Calgary Flames and Edmonton Oilers in the most recent doubleheader televised as part of the NHL’s revamped, and surprisingly attractive, playoff package.
The New York Islanders gave the Philadelphia Flyers a lesson in the early-evening effort and the Dallas Stars followed with an impressive victory over the Colorado Avalanche.
In the Islanders triumph, the lesson was the value of discipline and patience.
In the later test, believe it or not, the lesson was the value of discipline and patience.
Both Calgary and Edmonton showed a distinct lack of those virtues as they were ushered out of the playoffs. Calgary blew a chance to take a stranglehold on its series with Dallas by failing to hold a lead for all of 12 seconds; Edmonto frittered away leads in all four of their losses to Chicago in a previous round.
Edmonton’s flaws were much more obvious, largely because they showed more often. Had they seen a preview of New York’s winning effort Monday night, they would not have chased scoring opportunities so rashly when they had a lead to protect. Coach Barry Trotz’s disciplined team scored the only first-period goal and then spent incredible energy barricading every attempt by the talented Flyers until Jean-Gabriel Pageau stretched the margin late in the second period.
Afterwards in what became a 4-0 shutout, there was no real threat that Philadelphia could come back, or even could end Semyon Varlamov’s shutout.
There was some brief temptation to criticize Sherwood Park product Carter Hart’s performance in goal for the Flyers. He was deep in the net on Andy Greene’s goal in the first period and on his knees when Pageau clinched the decision. But the young Alberta kid was brilliant at other times. He did not lose the game; the Flyers lost it as a team that lacked the discipline and patience of its conquerors.
The Dallas victory was marked by Colorado’s lack of those vital qualities, but the Avalanche added a flaw that may have been even more devastating: they showed an immense lack of confidence as soon as their sound 2-0 lead disappeared on a pair of shocking 5-on-3 Stars power-plays.
Granted, Dallas got some good breaks — one on Esa LIndell’s goalmouth shove at a loose puck that was not clearly shown to be over the line, the other on an Alex Radulov tally that deflected twice before hopping over the head of goaltender Pavel Francouz.
The Lindell goal was the ultimate winner. If it did not steal all of the Colorado confidence, it certainly came close — and the fluke that bounced off Radulov grabbed the rest.
Philadelphia’s win came in the best-of-seven series opener, leaving the Flyers some time to develop a scheme that might humanize the machine-like Islanders.
Avalanche veteran Gabriel Landeskog downplayed his team’s shaky position after its second consecutive shaky performance.
“We’ll be all right,” he told a post-game questioner. “That’s why these series are seven games.”
https://www.todayville.com/edmonton/cfl-faces-very-difficult-future/
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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