Alberta will resume indexing the personal income tax system for inflation retroactive to the 2022 taxation year as part of new measures intended to fight inflation. Legislation for these changes, which also include the suspension of the province’s fuel tax, were enacted into law when Alberta Bill 2 received Royal Assent on December 15, 2022.
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Information is current to December 19, 2022. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500