Conservative Party Candidate Rick Peterson calling for deep tax cuts

by Morinville News Staff

Rick Peterson launched his campaign for the Sturgeon River-Parkland Conservative Party of Canada nomination Aug. 14, promising to fight for zero corporate income tax and flat, 15 per cent personal tax rates if elected Member of Parliament.

Peterson was born in Grande Prairie and now lives in Spruce Grove. He is president of Spruce-Grove based Peterson Capital, an investment firm with offices in Vancouver, Calgary, Toronto, Montreal and Geneva. The company finances private and public growth companies across Canada.

“As an Albertan and as a businessman with 30-years’ experience in the private sector, I know what it’s like to meet payroll, raise money, create jobs and build communities,” Peterson said in a media release Tuesday. “We need to make our country, and our riding, the most competitive in the world, and the best way to do that is cut corporate and personal taxes quickly and deeply,” he said.

Peterson believes impending US corporate tax cuts make it necessary for Canada to drop its corporate income tax rate to zero in a move to attract more investment in jobs and businesses to the country. He also believes a flat, 15 per cent personal income tax rate would allow Canadians to re-invest more money into the economy and stimulate growth.

The candidate says he has received strong local support for his nomination campaign from many oil field service companies in the area and their families who liked his aggressive tax-cutting policies. Additionally, Peterson says he has been endorsed by John Stevens, president and CEO of ENTREC, a heavy crane and transportation company that employs 500 people, and an endorsement from former leadership candidate and businessman Kevin O’Leary.

Peterson says he plans to fight the carbon tax if elected, and work to attract investment, jobs and support for families in the region through tax policies that will “drive new capital and new opportunity”.

“We have a young, vibrant and growing population in Sturgeon River-Parkland, and as MP for this riding that is at the heart of the economic engine that drives Canada, I will make sure that our concerns and our priorities are at the top of the agenda of the next Conservative government in 2019,” Peterson said.

Peterson has been a Conservative Party of Canada member since 1986. Although the party nominations will open likely this fall, Peterson has begun campaigning for that spot.

“I’m running in this nomination race because I know that Conservative Party members want to have an MP who will continue to have a national profile, a strong, bilingual voice in Ottawa, and the respect from her peers that Rona [Ambrose] so clearly enjoyed. ”

Peterson’s website is located at

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