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Alberta 2019 Budget
Canadian Tax and
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Increase tobacco tax by $5 per carton of
200 cigarettes, effective 12:01 am on October 25, 2019.
Put a tax on vaping products - more
information will be in 2020 budget.
Replace the Alberta
Family Employment Tax Credit (AFETC) and the Alberta Child Benefit (ACB)
with a new Alberta Child and Family Benefit (ACFB) beginning in July 2020.
This will provide more money to low-income families with children. See
page 148 of the 2019-23 Fiscal Plan (see link below) for ACFB amounts for
Bring forward legislation in spring 2020
to facilitate the collection of the 4% tourism levy from short-term rental
online marketplaces, such as Airbnb, HomeAway, and Vacation Rental by Owner (VRBO).
Education property tax rates will
be frozen in 2019-20.
dividend tax credit rates will be adjusted on January 1, 2021 and again
on January 1, 2022 to correspond with the reduction in the general corporate
income tax rate.
Support for the film industry
will be provided by issuing payments through the income tax system beginning in
spring 2020. Currently the support is provided through a grant program.
phase-in income level with the Income Support (IS) earnings exemption threshold
($2,760) to help offset the impact of Alberta IS benefits being clawed back as a
recipient's employment income rises.
slightly more benefits to single individuals without children, since the Alberta
Child and Family Benefit (ACFB) will provide generous benefits to lower- and
middle-income families with children.