Corporate income tax reduction legislation introduced in Alberta
October 22, 2020
On October 20, 2020 the Alberta Government introduced the Tax Statutes (Creating Jobs and Driving Innovation) Amendment Act, that legislates an important component of Alberta’s Recovery Plan. The Job Creation Tax Cut was accelerated to lower the corporate income tax rate to 8%, effective July 1, 2020, a year and a half ahead of schedule.
Alberta claims to be the most tax-competitive business jurisdiction in Canada.
