Alberta new tax brackets
The Alberta government introduced new tax brackets and rates effective October 1, 2015. Bill 2, the legislation enacting the new tax brackets and rates, received Royal Assent on June 29, 2015. The Alberta 2015 rates in the table below are prorated, and will be rates reflected on the 2015 income tax forms. The Alberta tax bracket thresholds are not indexed for 2016, but will be indexed for 2017 and later years.
|Alberta Personal Income Tax brackets and Tax Rates|
|2016 Taxable income||2016 Tax Rates||2015 Taxable Income||2015 Tax Rates|
|First $125,00||10%||First $125,00||10.00%|
|Over $125,000 up to $150,000||12%||Over $125,000 up to $150,000||10.50%|
|Over $150,000 up to $200,000||13%||Over $150,000 up to $200,000||10.75%|
|Over $200,000 up to $300,000||14%||Over $200,000 up to $300,000||11.00%|
|Over $300,000||15%||Over $300,000||11.25%|
The Combined Federal tax and Alberta Tax are coming soon.