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2024 Tax Brackets, Rates & Exemptions
Alberta Personal Tax, 2024Print Version (PDF)
Other Years: 2023, 2022
| Income | |
|---|---|
| Brackets | |
| $ From | $ To |
| 0 | 55,867 |
| 55,868 | 111,733 |
| 111,734 | 148,269 |
| 148,270 | 173,205 |
| 173,206 | 177,922 |
| 177,923 | 237,230 |
| 237,231 | 246,752 |
| 246,753 | 355,845 |
| over | 355,846 |
| 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 | 41.32 | 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
| Non-Refundable Tax Credits | |||
|---|---|---|---|
| Federal | Alberta | ||
| 15,705 | 21,885 | Maximum Basic exemption to | |
| 15,705 | 21,885 | Spousal & eligible dependent exemption (less their income) | |
| 8,790 | 6,098 | Age exemption | |
| Age credit elimination | |||
| 44,325 | 45,399 | Age exemption reducing by 15% of income greater than this amount | |
| 102,925 | 86,052 | Age exemption is eliminated | |
| Old Age Security (OAS) Clawback | |||
| 90,997 | OAS claw back starts at 15% of income greater than this amount | ||
| CPP | CPP2 | ||
| 3,867.50 | + 188.00 | CPP Max per employee | CPP - employee = 5.95% to max of $68,500 |
| 7,735.00 | + 376.00 | CPP Max per self-employed (2x employee) | CPP2 = 4.0% from $68,500 to $73,200 |
| Lifetime Capital Gains Exemption | |||
| 1,016,836 | Lifetime capital gains exemption on the sale of Farm Land or Small Business Shares | ||
| Tax Savings | |||
| 31,560 | RRSP annual Maximum based on 18% of $175,333 wage in prior year | ||
| 7,000 | TFSA annual contribution (potential max now $95,000 if born before 1991) | ||
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