We just received notice of the new tax rates proposed for Albertans for 2016.  These aren’t law yet but wanted to give you some notice of what’s ahead.

This is no doubt good news for some of you and bad news for others.

Tax Brackets Combined Personal Tax Rates
From: To: 2014 2015 2016
$1 $44,701 25.00% 25.00% 25.00%
44,702 89,401 32.00% 32.00% 30.50%
89,402 125,000 36.00% 36.00% 36.00%
125,001 138,586 36.00% 36.50% 38.00%
138,587 150,00 39.00% 39.50% 41.00%
150,001 200,000 39.00% 39.75% 42.00%
200,001 300,00 39.00% 40.00% 47.00%
300,001 + 39.00% 40.25%  48.00%