Alberta’s Finance Minister Travis Toews delivered the province’s 2020 budget on February 27, 2020.
The budget anticipates a deficit of $6.8 billion for 2020, and projects a deficit of $2.7 billion for 2021 and a surplus of $706 million for 2022. Although the budget does not include any new changes to the corporate or personal tax rates, it introduces a new 20% tax on vaping products, extends Alberta’s 4% tourism levy to short-term rentals offered through online marketplaces and increases the education property tax.
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