Province's new budget means nearly all Albertans will pay less in income taxes, while home and business owners — especially those in Calgary — will pay more in provincial property taxes. The province also expects to take in more money from several other new taxes and fees.
Province's new budget means nearly all Albertans will pay less in income taxes, while home and business owners — especially those in Calgary — will pay more in provincial property taxes. The province also expects to take in more money from several other new taxes and fees.Albertans will pay more on their property taxes with a new increase on the provincial portion of the tax bill, which helps fund education.
Horner said the province plans to further hike property taxes in next year's budget, with a goal of reaching 33 per cent of Alberta Education funding, and then holding steady from there. That's a roughly $400 million increase, most of which will come from Calgary where average property values are higher.
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