It’s imperative that the government of Alberta follow through on its promise to re\u002Dindex the tax system to inflation. Read more.
When that policy was implemented in 2019 the province was in a recession from which, given the collapse in oil prices and ongoing COVID-19 economic destruction, it was not forecast to recover until 2023.
At the time, continued indexation, which ensures that the personal income tax system only affects real gains in income, was said to representBut now things are different for both the province and its residents. With its 2022 budget surplus running atBack in March, then-Finance Minister Travis Toews didto re-examine the government’s decision should the province’s promising budget projections become reality. A few weeks later, the surplus was announced.
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