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Alberta used to be the best province regarding the behaviour of government, and this was one of the great things. The provincial taxes are fairly low, and until
by microcolonel 10y ago
Alberta used to be the best province regarding the behaviour of government, and this was one of the great things. The provincial taxes are fairly low, and until the most recent regime change none of the cities had municipal debt.
I would take lower taxes over a grant most days.
- josho 10y agoHow do taxes play a role for a startup that defers profit for growth? Taxes won't be a factor until you've succeeded. Or is it that your experience with grants are that negative that you value them so poorly?
- microcolonel 10y agoGrants are dangerous for society, because they encourage private businesses to cooperate with current-term politics, and they take money out of the market. Last year, our federal government gave nearly $400mm to one company expecting the creation of just 1300 jobs. There are federal tax incentives for any company that does essentially anything novel (SRED) and that somewhat works, since acceptance is only conditional on meeting the criteria. Grants are preferential.