Alberta Lays Out Plan To Recover From Oil Price Collapse

Alberta’s Conservative government is taking steps to jumpstart an economic recovery with a blueprint it released yesterday, which involves billions in infrastructure investment and a tax cut, among other measures. Under the plan, the Jason Kenney government will reduce the general business tax rate from 10 percent to eight percent effective July 1 instead of January 1, 2022, when the tax cut was originally scheduled to go into effect. The government will also invest some $7.3 billion in infrastructure projects that will create jobs. Some…