Families across the province have been affected by the collapse in oil price. In these challenging times, we're committed to protecting the services that Albertans rely on.
Alberta Child Benefit
The new Alberta Child Benefit (ACB) provides up to $195 million in annual assistance to lower-income families. Families with a net income of up to $25,500 will receive the maximum benefit of up to $1,100 for one child, and up to $550 for each of the next three children. Benefits will be fully phased-out once family net income reaches $41,220.
Alberta Family Employment Tax Credit
The enhanced Alberta Family Employment Tax Credit (AFETC) helps approximately 143,000 low and middle-income families provide for their children, and provides incentive for parents to continue working. Improvements to the program include:
- increasing the rate at which benefits are phased in, from 8% to 11%
- increasingthe threshold at which benefits begin to be phased out from $36,778 to $41,250
Carbon levy rebate
Putting a price on carbon is the most cost-effective way to reduce the greenhouse gas emissions that cause climate change.
The carbon levy rebate protects lower- and middle-income Albertans from increased costs associated with the carbon levy. 60% of households will receive a full rebate.