The top 20 per cent pay nearly two-thirds of all federal and provincial income taxes.
personal income taxes
The top one per cent of earners paid 18 per cent of the income tax—double the combined income tax payments of the bottom 50 per cent of earners.
In 2023/24, de-indexation could cost Albertans $706 million.
The province's top combined personal income tax rate stands at 53.53 per cent.
The province's top combined personal income tax rate is 53.5 per cent, the third-highest rate among all provinces and U.S. states.
The total federal/provincial government debt is due to increase by $86 billion in 2022/23.
Government spending represented 40.4 per cent of the country's economy in 2019, up from 37.4 per cent in 2007.