Status: The Alberta Taxpayer Protection Amendment Act, 2023 came into force on December 7, 2023
Ministry responsible: Treasury Board and Finance
Overview
The Alberta Taxpayer Protection Amendment Act, 2023, (formerly Bill 1) prohibits the government from increasing personal or corporate income tax rates without Albertans’ approval through a referendum. It also prohibits reducing personal income tax bracket thresholds and basic personal, spousal and equivalent-to-spouse credit amounts without a referendum.
Alberta’s tax advantage is clear – Albertans and Alberta businesses currently pay the lowest overall taxes in the country. It’s important we do everything that we can to protect it.
Key changes
The Alberta Taxpayer Protection Amendment Act, 2023, amends the Alberta Taxpayer Protection Act to prevent the provincial government from taking the following actions without first asking Albertans through a referendum:
- increasing corporate income tax rates
- increasing personal income tax rates
- reducing personal income tax bracket thresholds
- reducing the basic personal, spousal or equivalent-to-spouse credit amounts
Next steps
The Alberta Taxpayer Protection Amendment Act, 2023 took effect December 7, 2023, when it received royal assent.
News
- Protecting Albertans against future tax hikes (October 30, 2023)