Savings from Alberta's new personal income tax system to start in July, government says
An aerial view of the Alberta legislature in downtown Edmonton June 9, 2025. (Cam Wiebe / CTV News Edmonton)
Some Albertans will start to see the effect of their new provincial personal income tax system next month.
The treasury board and finance minister expects two million people will see a change on their pay cheque thanks to Alberta creating a new personal income tax bracket of eight per cent on the first $60,000 of income, which also shifts the threshold for higher brackets.
The change could result in as much as an extra $750 per person in 2025, the government estimates, as well as a potentially higher tax return because the change is retroactive to Jan. 1.
'It's not just a tax cut. It's a clear sign that we're standing with Alberta families, helping them manage rising costs and plan for the future,' Minister Nate Horner said in a statement on Friday.
The government also estimates taxpayers who earn less than $60,000 will pay 20 per cent less personal income tax.
Tax rate 2024 tax brackets 2025 tax brackets 8% N/A Up to $60,000 10% Up to $148,269 $60,000.01 to $151,234 12% $148,269.01 to $177,922 $151,234.01 to $181,481 13% $177,922.01 to $237,230 $181,481.01 to $241,974 14% $237,230.01 to $355,845 $241,974.01 to $362,961 15% $355,845.01 and up $362,961.01 and up
Premier Danielle Smith campaigned on a promise to cut taxes in 2023.
With files from CTV News Edmonton's Brittany Ekelund and CTV Calgary's Alesia Fieldberg
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