Jerri Lynn Morrison Professional Corporation - Helping you make the right tax moves

Provincial Personal Tax Rates

Alberta Personal Tax Rates

The Alberta single rate tax of 10% on taxable income has been in effect since January 1, 2001. Alberta has personal and spousal exemptions of $14,799 for 2006. The Alberta caregiver tax credit is $4,015 for 2006. Federally the caregiver tax credit is $3,848 in 2005. The Alberta Pension Income Tax Credit is indexed for inflation to $1,147 for 2006. It remains at $1,000 federally.

The 8% surtax on Albertans making more than $44,000 was eliminated effective January 1, 2000.

B.C. Personal Tax Rates

6.05% on taxable income up to $32,476 in 2004

9.15% on taxable income from $32,476 - $64,954 in 2004

13.7% on taxable income from $64,954 to $74,575 in 2004

14.7% on taxable income over $90,555 in 2004

In B.C. the basic personal exemption was $8,523 for 2004, and $7,298 for a dependant spouse for 2004. The caregiver tax credit was $2,475 for 2002.

Information on this website is not intended to be a definitive analysis of tax laws or cases and should not be used in such a manner. The information provided on this site should not be relied upon to replace professional advice specific to your situation.

Federal Personal Tax Rates

The last time personal federal tax rates changed were with Paul Martin's budget on October 18, 2000, other than Harper's government increased the tax rate on the bottom tax bracket (the poorest people) from 15% to 15.25% in 2006 and 15.5% in 2006. The brackets for these rates are indexed for inflation, but are currently as follows:

15.25% on taxable income up to $36,378 in 2006

22% on taxable income from $36,378 to $72,756 in 2005

26% on taxable income from $71,190 to $118,285 in 2005

29% on taxable income over $118,525 in 2005

In Alberta, the 10% flat tax would be added to each of these figures, to determine your total tax rate.

The other thing that needs to be taken into consideration are the tax exemptions. The federal government has tax exemptions of $9,039 personal and $7,675 for a dependant spouse for 2006.

In B.C., the personal tax as shown in the opposite column would be added to each of these figures, to determine your total taxes payable.

Personal Tax Cuts