The Minister of Finance of Alberta presented the province’s fiscal budget 2017-18 on 16th March 2017. The budget includes no new taxes, and no tax increases or decreases that had not been announced previously. The general corporate income tax rate (i.e. 12%) for Alberta remains unchanged. According to the announcement in Budget 2016, the small-business rate for 2017 is two per cent. The range for individual income tax rates vary from 10% to 15% to which each rate applies increasing slightly due to indexing to inflation. Tobacco and fuel tax rates remain same as before. Education property tax rates will be stationary for 2017–18. The carbon levy will increase to carbon to $30/tonne from $20/tonne for this province. As announced in budget 2016, this rate will be effective from 1st January 2018.
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