ICYMI: No new inflation-fighting measures coming for Alberta consumers ableg abpoli
The natural gas rebate program, which would kick in whenever natural gas prices exceed $6.50 per gigajoule, will be permanently extended. However, the initiative is not expected to be triggered over the next three years based on the province’s forecasts of gas prices and utility rates.Alberta NDP Leader Rachel Notley stressed that many of the affordability programs the UCP has implemented will end shortly after the spring election.
Alberta NDP leader Rachel Notley speaks at a noon-hour luncheon in Calgary on Thursday, Dec. 15, 2022, at an event sponsored by the Calgary Chamber of Commerce.“For many Alberta families, this budget is actually a plan for the Most Expensive Summer Ever.”Article contentIndexation of personal income taxes to inflation will be effective for the 2022 tax year. Tax bracket thresholds and credit amounts are increasing by 2.3 per cent for 2022 and an additional six per cent for 2023.
An investment of $16 million over the next year will be made to support municipalities’ low-income transit pass programs.The budget commits $90 million in investments over three years to index the Alberta Child and Family Benefit, increasing it by six per cent this year. Albertans repaying their student loans will be offered some relief as the student loan interest rate is reduced to prime from the current prime plus one per cent. According to the province, this will see payments drop by an average of $15 per month.Article content
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