Summary
The income tax rate in Alberta for 2021 is 12% on the first $26,244 of taxable income, 13% on the next $52,488, and 14% on the remainder of taxable income over $209,952.
1
The government is indexing the system for inflation, beginning for the 2022 tax year, and tax bracket thresholds and credit amounts will increase by 2.3% over their 2021 value.
2
The Job Creation Tax Cut is the government’s legislated plan to reduce Alberta’s general income tax rate on businesses from 12% to 8%.
3
According to
See more results on Neeva
Summaries from the best pages on the web
Summary
Alberta's personal income tax system is designed to support low- and middle-income households while promoting opportunity and investment. The government is indexing the system for inflation, beginning for the 2022 tax year, and tax bracket thresholds and credit amounts will increase by 2.3% over their 2021 value. The Alberta Child and Family Benefit (ACFB) provides direct financial assistance to lower-income Alberta families with children, and commonly used forms are available from the Canada Revenue Agency (CRA).
Personal income tax | Alberta.ca
alberta.ca
Summary
The Job Creation Tax Cut is the government’s legislated plan to reduce Alberta’s general income tax rate on businesses from 12% to 8%.
Alberta tax overview | Alberta.ca
alberta.ca
