Alberta changing rules to help municipalities attract business with tax breaks
EDMONTON — Alberta has introduced legislation that would give municipalities more flexibility to offer business tax breaks.
The bill, introduced by Municipal Affairs Minister Kaycee Madu, would allow councils to offer multi-year tax exemptions, reductions or deferrals on non-residential properties
“This legislation would empower municipalities to attract investment, create jobs and realize their full economic potential. Municipalities deserve the freedom and opportunity to make the choices that fit them best. I look forward to seeing this legislation bolster investment and economic development across our great province.”