Alberta’s Finance Minister Travis Toews delivered the province’s 2021 budget on February 25, 2021.
Alberta’s Finance Minister Travis Toews delivered the province’s 2021 budget on February 25, 2021. The budget anticipates a deficit of $18.2 billion for 2021 and projects for deficits of $11.0 billion for 2022 and $8.0 billion for 2023. Although the budget does not include any new changes to the corporate or personal tax rates, it confirms recent incentives for the oil and gas industry and increases certain mill rates for the Education Property Tax. In addition, the budget notes that Alberta may review the appropriateness and efficiency of the province’s revenue and tax system in the future.
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