2024 Tax Brackets, Rates & Exemptions

Alberta Personal Tax, 2024Print Version (PDF)

Other Years: 2023, 2022

Income
Brackets
$ From$ To
055,867
55,868111,733
111,734148,269
148,270173,205
173,206177,922
177,923237,230
237,231246,752
246,753355,845
over355,846
Marginal Tax Rates (%)
Regular IncomeCapitalDividends
FederalAlbertaCombinedGainsEligibleNon-Eligible
15.001025.0012.50  2.5715.86
20.501030.5015.2510.1622.18
26.001036.0018.0017.7528.51
26.001238.0019.0020.5130.81
29.321241.3220.6625.0934.63
29.321342.3221.1626.4735.78
29.321443.3221.6627.8536.93
33.001447.0023.5032.9341.16
33.001548.0024.0034.3142.31

Exemptions

Non-Refundable Tax Credits
FederalAlberta
15,70521,885 Maximum Basic exemption to
15,705 21,885 Spousal & eligible dependent exemption (less their income)
8,790 6,098Age exemption
Age credit elimination
44,325 45,399Age exemption reducing by 15% of income greater than this amount
102,925 86,052Age exemption is eliminated
Old Age Security (OAS) Clawback
90,997  OAS claw back starts at 15% of income greater than this amount
CPPCPP2 
3,867.50+ 188.00CPP Max per employeeCPP - employee = 5.95% to max of $68,500
7,735.00+ 376.00CPP Max per self-employed (2x employee)CPP2 = 4.0% from $68,500 to $73,200
Life time capital gains exemption
1,016,836 Life-time 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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