We've modeled what independence could mean for the average Albertan earning $78,000 a year and the numbers are worth understanding.
Currently, Albertans send $15-27 billion more to Ottawa annually than we receive back in services and programs. That's wealth generated here, leaving here.
Based on Alberta's resource base and fiscal position, here's what our modelling suggests: In year one of independence, the Alberta government could deliver a significant income tax reduction while still fully funding its services. By year five, the province's resource revenues could eliminate the need for personal income tax altogether.
There are legitimate questions about what independence would cost and those are worth asking. What the numbers also show is that Alberta has the resource wealth and fiscal capacity to become one of the most tax-competitive jurisdictions in North America. That would mean more disposable income for families, and a more attractive environment for business investment and job creation.
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