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Red ink, tax cuts, debt payments: Highlights of Alberta’s budget

  • Alberta's budget for 2025 includes a reduction in income tax to eight percent on the first $60,000, saving about $750 for those earning that amount, according to government estimates.
  • The provincial property tax for education funding is expected to increase from 28.5 percent to 31.6 percent, with Calgary's share of educational funding rising accordingly.
  • A new vape tax is projected to generate $33 million in the 2025/26 fiscal year, as stated by Finance Minister Nate Horner.
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Calgary HeraldCalgary Herald

Varcoe: Premier questions need for 'corporate grants' as province eyes future spending, delivers personal tax cut

Alberta is eyeing corporate grants – and spending – as provincial revenues are expected to fall by $6.6 billion in the new budget year.

·Calgary, Canada
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The Globe & MailThe Globe & Mail

Alberta Premier Danielle Smith promoting budget’s income tax cut

The province is projecting a $5.2-billion deficit, but is offering income tax cuts that will pull more than $1-billion from provincial coffers

·Canada
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Red Deer AdvocateRed Deer Advocate
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pipestoneflyer.capipestoneflyer.ca

Government of Alberta introduces tax cut in Budget 2025

Province

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Edmonton JournalEdmonton Journal

Horner: Highest health budget ever needed as Alberta's population hits 5 million

Alberta’s population is about to tip over the five million mark this year, putting the province with the highest investment in health care.

·Edmonton, Canada
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Calgary SunCalgary Sun

HILL: Smith government must enact broad-based tax cuts to meaningfully spur economic growth

In Alberta’s budget released on Thursday, Premier Danielle Smith finally delivered on her long-promised tax cut. Effective Jan. 1, 2025, Alberta’s bottom personal income tax rate will drop from 10% to 8%, which is expected to save some Albertans up to $750 annually. Amid a budget deficit and the threat of U.S. tariffs, the government believes strong fundamentals, including low taxes, will help Alberta’s economy weather the upcoming storm.

·Calgary, Canada
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Global NewsGlobal News

Red ink, tax cuts, debt payments: Highlights of Alberta’s 2025 budget

Alberta’s finances, tied to the rollercoaster ride that is oil prices, are once again plunging: the 2025 budget predicts a $5.2-billion deficit with no immediate relief in sight.

·Toronto, Canada
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City News broke the news in Toronto, Canada on Thursday, February 27, 2025.
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