Alberta
The Votes Tell the Story
The Votes Tell the Story
On this amazing day for hockey fans, especially in Alberta, it’s a personal joy to realize two men I have known and appreciated for decades are now members of the Hockey Hall of Fame.
As much satisfaction as supporters are sure to feel for Jarome Iginla and his selection in his first year of HHOF eligibility, the same level of pleasure is sure to be shared by Kevin Lowe, who has waited many years for his combination of steadiness, competitive fire and team intelligence to be recognized at the highest possible of the game both he and Iginla have loved since childhood.
It’s a bonus for Edmontonians, and for all in sports, that Ken Holland was welcomed as a builder. He deserves the accolade as much as anyone can and the fact that he achieved most of his front-office success before he was hired as the Edmonton Oilers general manager before the start of last season. It’s still a shock to recall how many dedicated Oilers lovers objected in words and in print to the thought that he would be hired after being escorted away from Joe Louis Arena in Detroit.
You want another shock? Iginla came much closer to being potentially a career Oiler than media wretches were allowed to know.
He was drafted 11th overall in 1995. Steve Kelly became a mistaken sixth-overall choice in the same year. He was picked as Number 6 — one spot ahead of Shane Doan despite loud demands for the Oilers to go for Doan with their first pick of the graduate draft.
Barry Fraser, Edmonton’s head scout, told me before the draft that Iginla “is going to be a good pick for somebody.” He also Iginla as a potential first-rounder, a clear sign that he would become part of the mid-90s Oilers if rival selections made it possible.
Doan, like Lowe, was a productive but not brilliant offensive player. If his character and leadership are taken into account in a future year, he will also become a more promising candidate for Hall of Fame membership.
Dealing with Lowe during the Oilers’ Stanley Cup run was always a pleasure. When he sensed a criticism, and if he missed some of the credit headed his team’s way, he was likely to be edgy. It was impossible to do a pre-game Sportstalk segment and still find time for a moment to talk. Then I learned that he sharpened his skates very early on game night. That meant he would be available for brief conversation.
Somehow, it evolved that we would speak before the first home game of every series. I still remember the intensity of his preparation.
Iginla’s brilliant junior record and his lifelong connection with Edmonton and St. Albert made it obvious that we would meet during the 1995 junior draft countdown. He and several other top prospects were made available for live appearances for about week.
Iginla was not a logical choice to talk: he did not blow his own horn. Others seemed more interested than he was at the thought of speaking for 30 minutes on radio. After about three days, someone asked about giving Jarome some time on the microphone. Said I: “It doesn’t look like he’s interested” but his supporter suggested that I approach the quiet young man. He agreed to join the chow and was a sensational guest, showing a confident streak that was well-balanced with modesty.
One question was a natural for presentation to any young athlete: “Do you think the NHL will be a good fit for you?” His answer, as I learned gradually over time, was typical for him.
“I know I’ve got a lot to learn,” he said. “I have to improve my skating quite a bit. If I do that, I can probably do all right.”
As they say: Now we know the rest of the story.
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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