Canada: Changes to individual income tax system; temporary suspension of fuel tax (Alberta)
Indexing the individual income tax system for inflation; suspended tax on gasoline and diesel
Temporary suspension of fuel tax (Alberta)
Alberta Bill 2, which received Royal Assent on 15 December 2022, includes tax-related measures that will:
- Resume indexing the individual (personal) income tax system for inflation retroactive to the 2022 tax year
- Suspend the provincial 13-cent-per-litre tax on gasoline and diesel from January to June 2023
Read a December 2022 report [PDF 220 KB] prepared by the KPMG member firm in Canada
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