On February 28, 2023, Travis Toews, Alberta's Finance
Minister, announced the 2023 Alberta Budget. The Budget aims to
make life more affordable for post-secondary students and families
and grow the economy through various tax credits, targeting
specific industries.
No changes were made to the existing provincial personal
and corporate tax rates.
Crowe MacKay's tax experts summarize Alberta's new tax
measures below. If you require assistance, connect with us in Alberta, British Columbia,
Northwest Territories, or the Yukon.
Affordability Action Plan
Fuel Tax Relief
High oil prices over the past year have led to elevated fuel
prices. Not only are drivers seeing an increase in costs, high fuel
prices also raise the price of other goods, affecting all
Albertans. To assist with the rising fuel costs, the Government has
paused the collection of fuel taxes on gasoline and diesel until
June 30, 2023.
