corporate income taxeconomic growthinvestmentemploymentShortly after its election in May 2019, the new Alberta government began fulfilling its promise to reduce the provincial corporate income tax (CIT) rate. The raDahlby, BevFerede, Ergete
low business taxes are a part of Alberta’s Recovery Plan, as well as low personal taxes to help Albertans keep more in their pockets.No changes were made to the existing personal and corporate tax rates.
The basic personal income tax rate was 44.3 percent in 2003. The average family of four (two parents and two children) earned C $95,349 in 2003, and paid C $40,219 in taxes. Effective as of April 2003, the provincial general corporate income tax rate was 12.5 percent, and 4 percent...