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The highest rates were in the Northwest Territories and Nunavut at 38.2 and 37.6. The lowest costs were in Québec at 7.3. Manitoba at 9.9, British Columbia at 12.6, New Brunswick at 12.7, Ontario at 13, and Newfoundland and Labrador at 13.8 were all lower than Alberta. [78]
Ontario, the country's most populous province, is a major manufacturing and trade hub with extensive linkages to the northeastern and midwestern United States. The economies of Alberta , Saskatchewan , Newfoundland and Labrador and the territories rely heavily on natural resources .
The Ontario market is a hybrid, with the Ontario Power Authority (now merged with the IESO) "contracting for supply, integrated system planning, and regulated pricing for much of Ontario's generation and load". [14] In Alberta, the generation business is competitive, while transmission and distribution are rate-regulated. [14]
The HST is in effect in Ontario, New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island. Every province except Alberta has implemented either a provincial sales tax or the Harmonized Sales Tax. The federal GST rate is 5 percent, effective January 1, 2008
[11] [10] But Alberta was still was "heavily rural and bitter with western grievance. Freight rates and protectionism made economic diversification in the prairies all but impossible. It was said to be cheaper to send cows and grain to be slaughtered in Ontario than it was to ship meat." [12]
Before 2015, at 10%, "Alberta had the lowest corporate tax rate in Canada." [2] [3] The 2015 corporate tax increase to 12% meant that both British Columbia and Ontario had a 0.5% lower corporate tax rate than Alberta, and taxes in Saskatchewan, Manitoba, and Quebec that were almost identical to Alberta's. [2]
The National Energy Program (French: Programme énergétique national, NEP) was an energy policy of the Canadian federal government from 1980 to 1985. The economically nationalist policy sought to secure Canadian energy independence, though was strongly opposed by the private sector and the oil-producing Western Canadian provinces, most notably Alberta.
In 2006 Alberta's per capita GDP was higher than all US states, and one of the highest figures in the world. In 2006, the deviation from the national average was the largest for any province in Canadian history. [6] Alberta's per capita GDP in 2007 was by far the highest of any province in Canada at C$74,825 (approx. US$