Nov
12

Alberta Budget 2019: The New Alberta Child and Family Benefit

benefits_20160717-043533_1
As we mentioned in previous blogs, Alberta’s Budget 2019 introduced the new Alberta Child and Family Benefit to replace both the Alberta Family Employment tax credit and the Alberta child benefit for the purpose of providing more benefits to lower income families and reducing administrative costs. Here are a few more details you should now about this new program:• The new Alberta Child and Family Benefit starting in July 2020 will provide eligible families as much as $4,995 annually. • Under the new program, a family with 2 children can receive up to $593 more per year while families with 4...
Continue reading
0
  298 Hits
298 Hits
Apr
11

Alberta Budget 2018: Details of the Tax Plan

Alberta Budget 2018: Details of the Tax Plan
On our last blog, we listed the highlights of the tax plan. In this blog, we’ll look into the details of these highlights. - A new Interactive Digital Media Tax Credit worth 25% of eligible labour costs: The new refundable tax credit was created to attract and retain employment and investment in a growing global industry. This tax credit will provide eligible interactive digital media companies with a benefit worth 25% of eligible labour costs incurred after April 1, 2018. - An extension of the Alberta investor Tax Credit and Capital Investment Tax Credit to 2021-22: The Alberta Investor Tax Credit...
Continue reading
0
  820 Hits
820 Hits
Apr
09

Alberta Budget 2018: Highlights of the Tax Plan

Alberta Budget 2018: Highlights of the Tax Plan
The Alberta Budget 2018 focuses on maintaining a competitive tax system to promote investment, economic diversification and make life more affordable for all Albertans. The 2018 tax plan’s highlights include: - A new Interactive Digital Media Tax Credit worth 25% of eligible labour costs.- An extension of the Alberta investor Tax Credit and Capital Investment Tax Credit to 2021-22.- Indexation of the personal income tax system, saving Albertans $65 million in 2018.- Holding the total amount collected from education property taxes steady at the 2017-2018 level.- Confirmation of the tax revenue collection mechanism for cannabis. Alberta Budget 2018 mentions that our...
Continue reading
0
  672 Hits
672 Hits
Sep
11

Many Albertans Living Paycheque to Paycheque

Many Albertans Living Paycheque to Paycheque
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...
Continue reading
0
  712 Hits
712 Hits

The KD Blog