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Highlights of the 2019 Alberta Budget

Highlights of the 2019 Alberta Budget

Alberta’s Finance Minister Travis Toews delivered the province’s 2019 budget on October 24, 2019.

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Alberta’s Finance Minister Travis Toews delivered the province’s 2019 budget on October 24, 2019. The budget anticipates a deficit of $8.7 billion for 2019, and projects deficits of $5.9 billion for 2020 and $2.6 billion for 2021. Although the budget does not include any new changes to the corporate or personal tax rates, it cancels several tax credits, including the Scientific Research and Experimental Development (SR&ED) Tax Credit, and pauses the annual indexation of personal non-refundable tax credits and tax bracket thresholds.

Download this edition of TaxNewsFlash to learn more.

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