Income tax cut to start benefitting Albertans in July

Starting July 1, Albertans will keep more money in their pockets, thanks to the new tax cut saving families up to $1,500 per year.

Alberta taxpayers will benefit from a new eight per cent personal tax bracket on income up to $60,000, which is down from the previous rate of 10 per cent.

The new tax bracket was announced as part of Budget 2025 and applies to income up to $60,000 – down from the previous rate of 10 per cent. Most taxpayers will start to see the benefit of the tax cut with more money on their paycheques starting this month, when payroll withholdings are adjusted. 

According to the Government, taxpayers will save up to $750 in 2025, while two-income families will see savings of up to $1,500, according to the provincial government.