Alberta Bill 15 received Royal Assent on June 7, 2017.
This bill implements most of the personal tax measures in the province's 2017 budget and some additional measures, including amendments to parallel the 2016 federal budget's changes to the small business deduction.
The bill is considered to be substantively enacted for purposes of IFRS and Accounting Standards for Private Enterprise (ASPE) on May 17, 2017, the date it received first reading (as Alberta has a majority government). Bill 15 is considered enacted for U.S. GAAP purposes on June 7, 2017, the date it received Royal Assent.
For more information, contact your KPMG adviser.
Information is current to June 13, 2017. 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
© 2017 KPMG LLP, a Canada limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.