On October 27th, 2015, Alberta Finance Minister Joe Ceci
announced the 2015 Alberta Budget. The Budget does not provide for
any tax rate changes over and above those previously announced in
June, 2015, as summarized below. Also noted below are highlights of
some of the other tax measures contained in the Budget.
Changes to Personal Tax Rates
Effective 2015, new personal tax brackets were introduced. For
2015 the highest Alberta tax rate is 11.25% and for 2016 and later
years the highest Alberta tax rate is 15%. The Alberta personal tax
rates are summarized below. Note that these amounts do not include
the applicable federal rates.
In order to maintain integration with recent federal corporate
tax changes, the Alberta Government announced that it will
introduce amendments to the calculations for the Alberta ineligible
and eligible dividend tax credits. The Alberta Government expects
to announce these amendments for ineligible dividends in the Fall
of 2015. The
