HST Makes B.C. More Competitive Than Alberta - The New "B.C. Advantage"

New paper by Jack Mintz ranks the ability of Canadian provinces to attract business

CALGARY, Jan. 25 /CNW/ - Today, Prof. Jack Mintz, Director of the School of Public Policy, released a paper that analyzes the tax regimes of the federal and provincial governments, and determines their relative ability to attract business and investment. 

Mintz calls Alberta, B.C. and New Brunswick the most competitive provincial jurisdictions in Canada, and singles out Quebec, Prince Edward Island, Saskatchewan and Manitoba as the least competitive. "The HST may not be popular in B.C., but it has drastically lowered the overall cost of doing business, thereby making B.C. one of the most attractive business environments in Canada. Eliminating the HST might be good politics, but it's bad policy," said Mintz today.

Mintz has frank advice for the federal government. Corporate tax cuts must continue as planned to keep Canada competitive. In his words, "Governments around the world are waking up to the reality of global competitiveness. To create jobs and attract investment, corporate taxes must be kept in check. Further, Canada needs to work to make sure its tax burden is neutral, otherwise we're sapping productivity." 

Mintz worries about the call from federal opposition parties to revoke corporate tax cuts. "Canada is in the middle of the pack globally," he said. "We're just beginning to stake our claim as a country that is good for business. To revoke Canada's planned corporate tax cuts would reverse that trend, and cost jobs, business growth and competitiveness. Calling for an increase in corporate taxation is irresponsible policy as far as the overall economy is concerned."

A copy of the paper is available at www.policyschool.ca under the "recent papers" section.

SOURCE University of Calgary - School of Public Policy

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For more information and to arrange interview requests, contact:

Morten Paulsen
403.399.3377
morten@paulsengroup.ca

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University of Calgary - School of Public Policy

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