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Home  ->  Alberta

Tax Rates   ->   Current Marginal Tax Rates -> Alberta Personal Income Tax Rates

Alberta 2024 and 2023 Tax Rates & Tax Brackets

Alberta Personal Income Tax Act s. 6.1, 8, 21, 44

The Alberta tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.042 (4.2% increase). 

The Federal tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.047 (4.7% increase).

The 2024 Federal Budget proposed an increase in the capital gains inclusion rate to 66 2/3% for the portion of gains realized after June 24, 2024 in excess of $250,000, for an individual. We've added an extra column below, to show the marginal tax rate for those gains. The inclusion rate is still 50% for the portion of gains up to $250,000 after June 24, 2024.

See Indexation of the Personal Income Tax System for how the indexation factors are calculated.

The indexation factors, tax brackets and tax rates for 2024 have been confirmed to Canada Revenue Agency information.

Tax Tip: read the article Understanding the Tables of Personal Income Tax Rates, especially if you are trying to compare the rates below to the marginal tax rates in the Basic Tax Calculator or the Detailed Tax Calculators.

TaxTips.ca - Alberta Tax Rates
2024 Taxable Income 2024 Tax Rates 2023 Taxable Income 2023 Tax Rates
first $148,269 10% first $142,292 10%
over $148,269 up to $177,922 12% over $142,292 up to $170,751 12%
over $177,922 up to $237,230 13% over $170,751 up to $227,668 13%
over $237,230 up to $355,845 14% over $227,668 up to $341,502 14%
over $355,845 15% over $341,502 15%

 

TaxTips.ca - Combined Federal & Alberta Tax Brackets and Tax Rates
2024 Taxable Income (1) AB 2024 Marginal Tax Rates 2023 Taxable Income (1) AB 2023 Marginal Tax Rates
Other
Income
Capital Gains Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
All Pre-
Jun 25
>$250K
Post-
Jun 24
Eligible Non-Eligible Eligible Non-Eligible
first $55,867 25.00% 12.50% 16.67% 2.57% 15.86% first $53,359 25.00% 12.50% 2.57% 15.86%
over $55,867 up to $111,733 30.50% 15.25% 20.33% 10.16% 22.18% over $53,359 up to $106,717 30.50% 15.25% 10.16% 22.18%
over $111,733 up to $148,269 36.00% 18.00% 24.00% 17.75% 28.51% over $106,717 up to $142,292 36.00% 18.00% 17.75% 28.51%
over $148,269 up to $173,205 38.00% 19.00% 25.33% 20.51% 30.81% over $142,292 up to $165,430 38.00% 19.00% 20.51% 30.81%
over $173,205 up to $177,922 41.32% 20.66% 27.55% 25.09% 34.63% over $165,430 up to $170,751 41.32% 20.66% 25.09% 34.63%
over $177,922 up to $237,230 42.32% 21.16% 28.21% 26.47% 35.78% over $170,751 up to $227,668 42.32% 21.16% 26.47% 35.78%
over $237,230 up to $246,752 43.32% 21.66% 28.88% 27.85% 36.93% over $227,668 up to $235,675 43.32% 21.66% 27.85% 36.93%
over $246,752 up to $355,845 47.00% 23.50% 31.33% 32.93% 41.16% over $235,675 up to $341,502 47.00% 23.50% 32.93% 41.16%
over $355,845 48.00% 24.00% 32.00% 34.31% 42.31% over $341,502 48.00% 24.00% 34.31% 42.31%
Marginal tax rate for dividends is a % of actual dividends received (not grossed-up taxable amount).
Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains).
Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%.
For more information see Alberta dividend tax credits.
Copyright © 2002 Boat Harbour Investments Ltd.

 

TaxTips.ca
Alberta Basic Personal Amount
2024 Personal Amount 2024 Tax Rate 2023 Personal Amount 2023 Tax Rate
$21,885 10% $21,003 10%

 

Federal Basic Personal Amount
2024 Personal Amount (1)
Minimum / Maximum
2024 Tax Rate 2023 Personal Amount (1)
Minimum / Maximum
2023 Tax Rate
$14,156 $15,705 15% $13,520 $15,000 15%

(1) See the federal tax rates page for information on the enhanced federal personal amount, which increases the marginal tax rates for taxable incomes in the second highest federal tax bracket.  The marginal tax rates in blue above have been adjusted to reflect these changes.

Copyright © 2002 Boat Harbour Investments Ltd.

Revised: September 20, 2024

 

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from TaxTips.ca

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