Executive summary
On 27 February 2020, Alberta Finance Minister Travis Toews tabled the province’s fiscal 2020–21 budget. The budget contains no new taxes, other than a vaping products tax, and no tax increases.
The Minister anticipates a deficit of CA$6.8b1 for 2020–21 and projects a further deficit of $2.7b for 2021–22. A surplus of $0.7b is projected in
2022–23.
The following is a brief summary of the key tax measures.
Detailed discussion
Business tax measures
Corporate tax rates
No changes are propo…