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

Alberta 2023 and 2022 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 2023 by an indexation factor of 1.06 (6% increase). 

The Federal tax brackets and personal tax credit amounts are increased for 2023 by an indexation factor of 1.063 (6.3% increase).  

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

On August 31, 2022, Premier Jason Kenney announced as part of the 2022 Q1 Update that indexation of the personal tax system would be restored, retroactive to January 1, 2022.  The 2022 brackets were updated using an indexation factor of 1.023 (2.3% increase).

The federal and Alberta indexation factors, tax brackets and tax rates for 2023 have been confirmed to Canada Revenue Agency (CRA) 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.

TaxTips.ca - Alberta Tax Rates
2023 Taxable Income 2023 Tax Rates 2022 Taxable Income 2022 Tax Rates
first $142,292 10% first $134,238 10%
over $142,292 up to $170,751 12% over $134,238 up to $161,086 12%
over $170,751 up to $227,668 13% over $161,086 up to $214,781 13%
over $227,668 up to $341,502 14% over $214,781 up to $322,171 14%
over $341,502 15% over $322,171 15%

 

TaxTips.ca - Combined Federal & Alberta Tax Brackets and Tax Rates
2023 Taxable Income (1) AB 2023 Marginal Tax Rates 2022 Taxable Income (1) AB 2022 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $53,359 25.00% 12.50% 2.57% 15.86% first $50,197 25.00% 12.50% 2.57% 15.86%
over $53,359 up to $106,717 30.50% 15.25% 10.16% 22.18% over $50,197 up to $100,392 30.50% 15.25% 10.16% 22.18%
over $106,717 up to $142,292 36.00% 18.00% 17.75% 28.51% over $100,392 up to $134,238 36.00% 18.00% 17.75% 28.51%
over $142,292 up to $165,430 38.00% 19.00% 20.51% 30.81% over $134,238 up to $155,625 38.00% 19.00% 20.51% 30.81%
over $165,430 up to $170,751 41.32% 20.66% 25.09% 34.63% over $155,625 up to $161,086 41.38% 20.69% 25.17% 34.70%
over $170,751 up to $227,668 42.32% 21.16% 26.47% 35.78% over $161,086 up to $214,781 42.38% 21.19% 26.55% 35.85%
over $227,668 up to $235,675 43.32% 21.66% 27.85% 36.93% over $214,781 up to $221,708 43.38% 21.69% 27.93% 37.00%
over $235,675 up to $341,502 47.00% 23.50% 32.93% 41.16% over $221,708 up to $322,171 47.00% 23.50% 32.93% 41.16%
over $341,502 48.00% 24.00% 34.31% 42.31% over $322,171 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
2023 Personal Amount 2022 Tax Rate 2022 Personal Amount 2022 Tax Rate
$21,003 10% $19,814 10%
Federal Basic Personal Amount
2023 Personal Amount (1) 2023 Tax Rate 2022 Personal Amount (1) 2022 Tax Rate
$15,000 15% $14,398 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: December 10, 2022

 

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

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