Newspaper article The Canadian Press

A Look at Some of the Winners and Losers in the Alberta Budget

Newspaper article The Canadian Press

A Look at Some of the Winners and Losers in the Alberta Budget

Article excerpt

Winners and losers in the Alberta budget

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EDMONTON - The Alberta government tabled its 2016-17 budget Thursday. Here are some of the winners and losers:

Winners: Small businesses. The small-business tax to be cut to two per cent from three per cent on Jan. 1.

Winners: Low-income families. The new Alberta Child Benefit to provide up to $2,750 each year to vulnerable families, including 235,000 children. There are also enhancements to the Alberta Family Employment Tax Credit.

Losers: Higher-income earners. The new carbon tax will cost households making more than $100,000 a year an estimated $338 annually. That will jump to $504 next year. Anyone making more than $51,250 in net pay will not receive a rebate.

Losers: Future generations of taxpayers. Alberta debt is expected to reach $58 billion by 2019. …

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