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Updated January 2024   The 2023 combined Federal & Alberta personal marginal tax rates and tax brackets.  Use this to plan and estimate how much you may owe at tax time.     The 2023 combined Federal & Alberta corporate tax rates.  Use this to...

The Alberta government introduced Bill 3 on May 28, 2019 and received royal assent on June 28, 2019.  Under Bill 3, the Alberta general corporate tax rate will be reduced from 12% to 8% over 4 years: Effective July 1, 2019, Alberta general corporate tax rate will be...

In the 2018 Fall Economic Statement released on November 21, 2018, announces a new Accelerated Investment Incentive (AII).  It allows businesses that acquire qualifying tangible assets (i.e. equipment, vehicles) and qualifying intangible assets (i.e. patents) after...

  When you change the use of a property, whether changing your principal residence to a rental property or changing your rental property to a principal residence, you are deemed to dispose or “sale” the property at its fair market value and to have immediately...

The extended TOSI rules restrict incorporated business owners to split income with their family members.  Dividends paid to a spouse or child now taxed at top personal marginal tax rate unless the recipient of the income can show labour or capital contributions to the...

  Tax on excessive capital dividend A corporation will pay Part III tax of 60% of the amount of any excess capital dividend.  However, a corporation can make an election under subsection 184(3) of the Income Tax Act (ITA) to treat the excess amount as a separate...

  The capital dividend account (CDA) keep tracks of various tax-free amounts accumulated by a Canadian Controlled Private Corporation (CCPC).  These amounts may be distribute tax-free to shareholders. Filing and declaring a capital dividend, Section 2101 of...