The leader of the Alberta Party says if he's elected premier, he would support job creation in small- and medium-sized businesses by doubling the allowable tax deduction from $500,000 to $1 million. All other aspects of the small business deduction would remain the same, including the existing small business tax rate of two per cent, Stephen Mandel said at a campaign event in Calgary on Tuesday. Mandel says the policy is an acknowledgment that 70 per cent of new jobs are created by small- and medium-sized businesses. The change would restore Alberta's place as the most competitive jurisdiction in Canada on corporate tax rates, the party said in a release. Mandel said the Alberta Party would not roll back the increase to the minimum wage.

Source: CBC News March 26, 2019 19:12 UTC