Posts Taged corporate-income-tax-2017

Alberta Finance Minister Joe Ceci delivered the province's budget on March 16, 2017. Learn what the budget means for small business owners and individuals

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
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.

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