YOUR BUSINESS ALLY
2023 Tax Brackets, Rates & Exemptions
Alberta Personal Tax, 2023Print Version (PDF)
Other Years: 2024, 2022
| Income | |
|---|---|
| Brackets | |
| $ From | $ To |
| 0 | 53,359 |
| 53,360 | 106,717 |
| 106,718 | 142,292 |
| 142,293 | 165,430 |
| 165,431 | 170,751 |
| 170,752 | 227,668 |
| 227,669 | 235,675 |
| 235,676 | 341,502 |
| over | 341,502 |
| Marginal Tax Rates (%) | |||||
|---|---|---|---|---|---|
| Regular Income | Capital | Dividends | |||
| Federal | Alberta | Combined | Gains | Eligible | Non-Eligible |
| 15.00 | 10 | 25.00 | 12.50 | 2.57 | 15.86 |
| 20.50 | 10 | 30.50 | 15.25 | 10.16 | 22.18 |
| 26.00 | 10 | 36.00 | 18.00 | 17.75 | 28.51 |
| 26.00 | 12 | 38.00 | 19.00 | 20.51 | 30.81 |
| 29.32 | 12 | 41.38 | 20.66 | 25.09 | 34.63 |
| 29.32 | 13 | 42.32 | 21.16 | 26.47 | 35.78 |
| 29.32 | 14 | 43.32 | 21.66 | 27.85 | 36.93 |
| 33.00 | 14 | 47.00 | 23.50 | 32.93 | 41.16 |
| 33.00 | 15 | 48.00 | 24.00 | 34.31 | 42.31 |
Exemptions
| Federal | Alberta | |
|---|---|---|
| Non-Refundable Tax Credits | ||
| 15,000 | 21,003 | Basic exemption |
| 15,000 | 21,003 | Spousal & eligible dependent exemption (less their income) |
| 8,396 | 5,853 | Age exemption |
| Age credit elimination | ||
| 42,335 | 43,570 | Age exemption reducing by 15% of income greater than this amount |
| 98,309 | 82,590 | Age exemption is eliminated |
| Old Age Security (OAS) | ||
| 86,912 | OAS claw back starts at 15% of income greater than this amount | |
| 133,141 | OAS is eliminated (assumes max OAS at 65 years old) | |
| Payroll deductions | ||
| 3,754.45 | CPP - employee @ 5.95% to max of $66,600 | |
| 7,508.90 | CPP - self employed | |
| 1,002.45 | EI - Employee share @ 1.63% on $61,500 max earnings | |
| Lifetime Capital Gains Exemption | ||
| 1,000,000 | Lifetime capital gains - Farmers | |
| 971,190 | Lifetime capital gains - Small business shares | |
| Tax Savings | ||
| 30,780 | RRSP annual Maximum based on 18% of $171,000 wage in prior year | |
| 6,500 | TFSA annual contribution (potential max now $88,000 born before 1991) | |
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