Alberta’s Finance Minister Travis Toews delivered the province’s 2023 budget on February 28, 2023. The budget anticipates a surplus of $10.4 billion for 2022-23 and projects surpluses of $2.4 billion for 2023-24 and $2 billion for 2024-25. Although the budget does not include any new changes to the corporate or personal tax rates, it confirms that Alberta will introduce a new Agri-Processing Investment Tax Credit and increases the maximum allowable expenses for the Adoption Expenses Tax Credit, among other changes.

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