CFIB Welcomes Alberta Government's Lower Minimum Wage For Youth; Corporate Tax Cuts

The Vice President for Alberta & B.C. with the Canadian Federation of Independent Business feels the Alberta government's decision to lower the minimum wage for students under the age of 18 is good news and gives employers more flexibility to hopefully create jobs. Richard Truscott also thinks corporate tax cut legislation will provide the economy with a good kick in the pants.

The Canadian Federation of Independent Business thinks the Alberta government's decision to lower the minimum wage for students under the age of 18 from $15 dollars down to $13 bucks is good news.

Richard Truscott - the C-F-I-B's Vice President for Alberta & B.C. - says they do not want employers to stop job creation at the entry level.

Truscott adds - generally speaking - giving employers more flexibility to do what they do and create jobs is good news for the economy.

The minimum wage cut takes effect June 26th and it makes Alberta one of two jurisdictions in Canada which allows employers to pay younger workers less than their adult counterparts. Ontario is the other province with similar legislation.

Meanwhile, members of the Canadian Federation of Independent Business may not directly benefit from the Alberta government's recently announced corporate tax cut legislation but they do realize the economy needs a good kick in the pants.

Truscott says that is exactly what Bill 3 will do.

Bill 3 - if passed - will see Alberta's 12 per cent corporate rate cut by one percentage point on July 1st, making it the lowest in Canada.

The rate would be reduced by the same amount on the first day of the following three years, leaving it at eight per cent by 2022.

 

(Contains content from the Canadian Press)

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