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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.
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
(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.
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