Alberta’s 2025 Budget Lowers Personal Tax Rate
March 3, 2025
Starting this year, Alberta taxpayers will benefit from a new eight per cent personal tax bracket on income up to $60,000, down from the previous rate of 10 per cent. When this new tax cut takes effect, taxpayers will save up to $750 in 2025, while two-income families will see savings of up to $1,500, which will help them and their families with the cost of groceries, housing, utility bills or other priorities.
Overall, this personal income tax cut is expected to save Albertans $1.2 billion in 2025, with savings rising to $1.4 billion in 2028. Most taxpayers will start to see the benefit of the tax cut on their paycheques after July 1, when payroll withholdings are adjusted.
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