Canada: No income tax rate changes, Alberta’s budget | KPMG | GLOBAL

Canada: No income tax rate changes, Alberta’s 2015 budget

Canada: No income tax rate changes, Alberta’s budget

Alberta’s 2015 budget, presented 27 October 2015, does not propose any changes to the province’s individual (personal) or corporate income tax rates.


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The budget does include proposals for:

  • A new “job creation grant” available to employers for new employment created beginning 2016
  • An increase proposed in the rate of the insurance premiums tax
  • Changes to the excise taxation of tobacco, liquor, and certain fuel

There also are proposals concerning a dividend tax credit (to reflect changes to the factors used in the calculation of the federal dividend tax credit for non-eligible dividends) and revisions to the province’s family employment tax credit and child benefit amount. 


Read an October 2015 report prepared by the KPMG member firm in Canada: Highlights of the 2015 Alberta Budget

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