Finance Minister Harpauer’s budget tour stops in Humboldt
With the legislative session adjourned, Finance Minister Donna Harpauer is doing her routine budget tour where she presents the state of the province in front of individual community chambers of commerce.
Harpauer’s stop on Thursday, July 18 was in her home constituency of Humboldt, where local businesses leaders asked her what the provincial government is planning to do with its red tape reduction initiative and growing economic development.
For red tape reductions, Harpauer said the provincial government is aiming to take out some liquor trading barriers and aligning transportation regulations to help the trucking industry through border crossings.
Harpauer said the biggest thing the government can do for economic development is to be competitive with other provinces in corporate taxes, as she noted her frustration with Alberta cutting its corporate tax from 12 per cent to 11. She said every point the province drops in its corporate income tax rate is $62 million lost.