10-27-2015, 01:19 PM
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#11
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Unfrozen Caveman Lawyer
Join Date: Oct 2002
Location: Crowsnest Pass
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http://www.albertacanada.com/busines...nal-taxes.aspx
The overall tax burden on individual Albertans is by far the lowest of any province in Canada. These rates come from many sources – a low flat personal tax rate of 10%, including the highest basic and spousal exemptions in the country, no general sales tax, among the lowest gasoline tax rates and property taxes.
http://calgaryherald.com/news/politi...adas-tax-haven
Alberta presents the oddest spectacle — a roaring economy that generates enormous wealth and growth, run by a cash-strapped government that can’t keep up with the growth without borrowing huge amounts of cash.
http://www.huffingtonpost.ca/2013/11...n_4350771.html
Since the tax cuts administered under President George W. Bush expired in January of this year, the U.S. federal marginal income tax rate has risen from 35 per cent to 39.6 per cent, effectively making it higher than when you combine Canada's highest federal rate of 29 per cent and Alberta's flat provincial tax rate of 10 per cent.
That move leaves Alberta as the North American jurisdiction with the lowest tax rate for the super rich in the continent.
http://business.financialpost.com/pe...ew-tax-reality
Alberta’s new NDP government introduced Bill 2, “An Act to Restore Fairness to Public Revenue,” which received its third reading this week. As promised in its throne speech, the government has announced progressive, graduated tax rates for Albertans whose taxable income exceeds $125,000
Specifically, those with income over $125,000, but under $150,000 will pay 12 per cent provincial tax; those making over $150,000, but less than $200,000 will pay 13 per cent; those making over $200,000, but less than $300,000 will pay 14 per cent; and those earning over $300,000 will pay 15%, resulting in a new, top combined federal-Alberta marginal rate of 44 per cent. These brackets will be indexed starting 2017.
Alberta’s top marginal rate will now be the same as in Saskatchewan and Yukon, higher than in British Columbia, the Northwest Territories and Nunavut, but still lower than in the other provinces.
According to calculations prepared by PwC Canada, an Albertan making $200,000 will pay an extra $500 in 2015 and an extra $2,000 starting next year, while someone making $600,000 would pay an additional $5,250 this year and $21,000 in the future.
Last edited by troutman; 10-27-2015 at 01:27 PM.
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