Calgary Chamber applauds UCP and NDP for tax commitments benefiting the business community

Calgary, May 15, 2023 – “We’re now at the halfway juncture in this year’s election campaign and the Chamber is pleased to see the major political parties unveil significant support for businesses to advance our province’s long-term economic success.

“Tax policy remains critical to attracting investment and jobs to the province and supporting a strong business ecosystem. We commend the UCP’s commitment to maintain corporate tax at eight per cent, should they be re-elected. We also welcome the commitment from the NDP to eliminate small business tax in Alberta, should they be successful in the upcoming election. As referenced in our election platform, ACCELERATE: Driving Alberta Forward, we strongly urge each party to commit to maintaining the corporate tax rate and eliminating the small business tax to drive investment in our city and across the province.

“With more than 59 per cent of local businesses worried about rising inflation and 44 per cent concerned with rising costs, the Calgary Chamber continues to advocate for measures that address these challenges.

“A thriving business community creates a thriving economy, benefitting everyone. As Alberta and Calgary compete with the world for talent, capital and opportunity, we must ensure the province remains a jurisdiction that is attractive to investment, facilitating the continued growth and diversification of the economy.”

About ACCELERATE

Through extensive consultation with Calgary’s business community, the platform outlines five pillars that advance Alberta’s economic prosperity and provide a roadmap for a path forward including fiscal responsibility, affordability and rising costs, economic diversification and competitiveness, talent and labour and strategic infrastructure investments. To read the full platform, please visit www.calgarychamber.com/accelerate.

ABOUT THE CALGARY CHAMBER OF COMMERCE

The Calgary Chamber exists to help businesses thrive. As the convenor and catalyst for a vibrant, inclusive, and prosperous business community, the Chamber works to build strength and resilience among its members and position Calgary as a magnet for talent, diversification, and opportunity. As an independent, non-profit, non-partisan organization, we build on our 131-year history to serve and advocate for businesses of all sizes, in all sectors, and across the city.

Media opportunities

For media inquiries, please contact Shannon Hazlett, Senior Public Relations Advisor, at media@calgarychamber.com.