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The Canadian Payroll Association recently published its latest survey that pretty much paints a picture of how many Albertans live.  And it is not a very pretty one.  The 2017 survey confirms that many Albertans are living with significant debt despite the positive economic outlook this year. According to the survey, 47% of working Canadians and the same percentage of Albertans said they would find it difficult to meet their financial obligations if their paycheque was delayed by even a single week.  On a national level, the survey shows higher numbers: 55% of millennials in their 30s and 51% of Gen...
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Here are some more highlights of the Alberta Budget 2017: -      To help Albertans reduce their carbon footprint and energy costs, the Energy Efficiency Alberta programs was launched, with an estimated $566 million in funding over 3 years to deliver a variety of programs and services for energy efficiency and small scale renewables. -      Budget 2017 has committed $14.5 million to hire 35 crown prosecutors and an additional 30 court support staff to help address court pressures. -      Budget 2017 has committed $826 million for employment and income support. -      The Alberta Child Benefit will provide $174 million in 2017-18 with...
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The Government of Alberta recently released its 2017 budget which focuses supporting changes to make life more affordable for Albertans, creating jobs and building a diversified economy and protecting and improving the services and supports that make a difference in the lives of Albertans. Here is an overview of the highlights and changes to revenue and expenditures in this year’s provincial budget. -      Provincial revenue is projected to be $45 billion for 2017-18.  Revenue comes from sources such as taxes, non-renewable resource revenue, federal transfers and investment income. -      Deficit is expected to be at $10.3 billion. -      Provincial debt climbs...
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Let’s look at more tax credits that Alberta offers for this tax year.  -      Political contribution tax credit:  You can claim this credit if you contributed to a registered Alberta political party, a registered candidate or a registered constituency association in an election held under the Election Act for this province or a registered Alberta political party that has nominated a candidate or a registered candidate in an election held under the Senatorial Selection Act for this province. -      Provincial foreign tax credit:  If your federal foreign tax credit on non-business income is less than the related tax you paid to...
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