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As per the Alberta
2019 Budget, the Alberta Family Employment Tax Credit (AFETC) and the Alberta Child Benefit
(ACB)
were replaced by the Alberta Child and Family Benefit (ACFB)
beginning in July
2020.
This non-taxable refundable benefit is for Alberta families with
children. There is no need to apply for the ACFB. Eligibility is determined from information
the federal government uses to calculate the Canada child benefit (CCB), and from prior year's income tax returns
filed by both spouses. Payments are made in August, November, February and
May.
The maximum benefit from the ACFB, beginning in July 2020, is:
Number of
Children
Base component
(max.)/year
Working
component
(max.)/year
1 child
$1,330
$681
2 children
1,995
1,301
3 children
2,660
1,672
4 or more children
3,325
1,795
The benefit amounts for the base component and working component are
reduced once family net income exceeds $24,467 or $41,000.
For more details and current payment amounts, see the Province of Alberta Child
and Family Benefit page.
Charitable Donations Tax Credit
Alberta provides a tax credit for
charitable donations. The credit for the first $200 of donations is
calculated at 10%, and the credit for donations in excess of $200 is calculated
at 21%. The government committed in their October 2015 Budget that this
would not change.
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