The top 20 per cent of income-earning households paid 61.4 per cent of the country’s personal income taxes in 2022.
corporate income taxes
Research suggests corporate income taxes are among the most harmful components of the provincial tax mix.
Alberta will reduce its corporate income tax rate to 8 per cent.
The province's corporate income tax rate would drop from 12 per cent to 8 per cent.
The province’s top marginal PIT rate will increase from 16.8 per cent to 20.5 per cent.
New government plans to reduce rate to 8 per cent.