June 29, 2020 / 5:29 PM / 5 days ago

Canada's Alberta cuts general tax rate, unveils C$10 bln infrastructure program

June 29 (Reuters) - The Canadian province of Alberta, home to the world’s third-largest oil reserves, said on Monday it will cut its general business tax rate to 8% from 10% and invest C$10 billion in infrastructure projects as it seeks to recover from the economic hit from the coronavirus pandemic.

Premier Jason Kenney said the tax cut would take effect July 1 and described the program as the largest infrastructure investment in Alberta’s history. (Reporting by Jeff Lewis Editing by Chris Reese)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below