Note: please direct
your questions about your specific personal income
taxes to the Canada
Revenue Agency (CRA).
Click
on the links to your right for commonly used personal
income tax forms (located on the CRA
website); information about Alberta Royalty
Programs for Individuals and Trusts, the Alberta
Family Employment Tax Credit, and Alberta Finance
news releases on taxes/rebates.
Excerpt
from Budget
2006 - Alberta Tax Advantage:
Albertans
pay low personal income taxes, with the lowest top
marginal income tax rate and the highest basic and
spousal amounts in Canada. This is due in part to
the cuts to personal income taxes made between 1999
and 2001, worth $1.5 billion at the time.
Alberta indexes its
personal income tax system to offset inflation,
protecting taxpayers. Tax credit amounts will increase
by 1.9 per cent in 2006. We will also increase the
basic, spousal and eligible dependant amounts by
an additional $100, raising the amounts to $14,899
for 2006, up from $14,523 in 2005.
See also: information
on the Alberta
Family Employment Tax Credit. For more
information, read the complete section on personal
income taxes from Budget
2006 - Alberta Tax Advantage.
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Click on the calculator
to estimate your taxes for 2005. |
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