On March 16th, 2017, Alberta Finance Minister Joe Ceci announced
the 2017 Alberta Budget. The Budget does not include any changes to
personal or corporate tax rates. It extends the province's
political contributions tax credit for individuals and announces
adjustments to the province's dividend tax credits on
non-eligible dividends. Below is a summary of some of the tax
measures that were included in the Budget.
Personal Income Taxes
Political Contributions Tax Credit
The existing political contributions tax credit is extended to
apply to contributions made on or after January 1, 2017 to party
leadership elections and candidate nomination races. The credit is
calculated as 75% on the first $200 of donations, 50% on the next
$900 and 33.33% on the next $1,200. The maximum credit is $1,000 on
total contributions of $2,300.
