Canadian Tax Adviser, December 22, 2015. Changes to Alberta's personal tax credits are among the measures included in a new Alberta budget bill, which received Royal Assent on December 11, 2015. Alberta Bill 4 enacts several of the tax measures that were announced by the province's NDP government in the Budget it put forward on October 27, 2015.
Among other changes, Bill 4 includes tax measures to
Bill 4 is enacted for U.S. GAAP purposes on December 11, 2015, the date the bill received Royal Assent. Bill 4 was substantively enacted for purposes of IFRS and Accounting Standards for Private Enterprises (ASPE) as of October 27, 2015, when it received first reading in the provincial legislature (Alberta has a majority government).
For more information, see TaxNewsFlash “Highlights of the 2015 Alberta Budget” or contact your KPMG adviser.
Information is current to December 22, 2015. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500