Big Savings for Albertans: Meet the New Tax Cut!
Big Savings for Albertans: Meet the New Tax Cut!
Hey there, Albertans! Exciting news for your wallets! Starting this month, many of you will notice a little extra in your paychecks thanks to Alberta’s new eight percent tax bracket, as announced in Budget 2025.
This change means that if you earn up to $60,000, you'll pay less tax than before—down from ten percent! That’s right: individuals can save up to $750 a year, while families with two incomes could save as much as $1,500! All in all, this tax cut is set to save Albertans a whopping $1.2 billion in 2025.
The government recognizes that times have been tough, and this decision is all about giving you the freedom to spend money on what matters most to you, whether that’s treating yourself, investing, or saving for the future.
With this new tax cut, Alberta continues to be the most attractive place in Canada to live, work, and raise a family. So sit back, relax, and enjoy the benefits of your hard work!