Friday, 9 October 2015

Alberta Personal Tax Rate Changes – Effective October 1, 2015

Five new personal tax brackets were implemented on October 1, 2015 which may result in an increase to income tax deducted for employees with taxable income higher than $125,000 annually. The new rates will be reflected starting the October 31, 2015 pay.

For more information on the new provincial tax rates and brackets, please see the AB Government website: http://www.finance.alberta.ca/business/tax_rebates/personal-income-tax/personal-income-tax-questions-and-answers.html