The tax break was first promised in the 2023 election, and could save individuals up to $750 per year.
RELATED VIDEO : The 2025 Alberta provincial budget includes a tax break for Albertans, expected to save taxpayers hundreds of dollars per year. But as Adam MacVicar reports, you may find yourself paying more elsewhere.Alberta is projecting a $5.2-billion deficit, but is offering income tax cuts that will pull more than $1 billion from provincial coffers.
Smith says that in the face of U.S. tariffs that could hurt taxpayers and businesses, now is the time to put that money back into the pockets of Albertans so they can afford more.For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.
A new eight per cent tax bracket on the first $60,000 Albertans earn will mean savings on paycheques starting in July. Critics, including the Opposition NDP, say the budget is irresponsible, and spending in key areas like health care and education don’t keep up with population growth and inflation.Read
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