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Canada: Alberta’s corporate tax rate, phased-in reduction to 8%

Canada: Alberta’s corporate tax rate

The new provincial government in Alberta introduced legislation in May 2019 to reduce the general income corporate rate.

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The corporate income tax rate (currently 12%) would be reduced to:

  • 11% effective 1 July 2019
  • 10% effective 1 January 2020
  • 9% effective 1 January 2021
  • 8% effective 1 January 2022

The rate would thereafter be imposed at 8%.


Read a May 2019 report prepared by the KPMG member firm in Canada

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