Alberta Finance Minister Joe Ceci delivered the province’s 2017 budget on March 16, 2017. The budget anticipates a deficit of $10.3 billion for the 2017-2018 fiscal year, $9.7 billion for 2018-2019 and $7.2 billion for 2019-2020.

Corporate Income Tax Measures

No changes to corporate taxes were announced.

Corporate Income Tax Rates- As of January 1, 2017
Alberta Combined Federal & Alta
General 12% 27%
M&P 12% 27%
Small Business* 2.0% 12.5%
*on first $500,000 of active business income

Personal Income Tax Measures

Introduction of legislation to adjust Alberta’s dividend tax credit rate on non-eligible dividends for 2017 and subsequent years to address federal tax changes, however no further details were provided.

Personal Combined Federal/Provincial Top Marginal Rates
2017
Interest and regular income 48.0%
Capital gains 24.0%
Eligible dividends 31.7%
Non-eligible dividends 41.2%
  • Political Contributions Tax Credit: Eligible political contributions tax credit to party leadership elections and candidate nomination races, effective for contributions made on or after January 1, 2017. This credit is worth 75% on the first $200 in donations, 50% on the next $900 and 33.33% on the next $1,200, for a maximum credit of $1,000 on a total contribution of $2,300.
  • Education Property Tax: Freezes the education property tax rates for 2017‑18 and residential/farmland rate remains at $2.48 per $1,000 of equalized assessment and the non‑residential rate will remain at $3.64.

Please don’t hesitate to contact us if you have any questions.

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