Alberta’s economy has recovered strongly, but many Albertans are struggling to heat their homes and feed their families under increasing costs and record inflation, and we want to help. Your government knows that affordability is the primary challenge facing Albertans today, and that Albertans are counting on us to take decisive action to address the affordability crisis.
That is why there will be targeted relief payments for seniors and families with dependent children under 18 years of age with household incomes below $180,000 per year. Targeted relief payments to vulnerable Albertans collecting AISH, PDD, and Income Support. Suspension of the full 13-cents-per-litre tax on gasoline and diesel from January to June 2023, with the Fuel Tax Relief program providing ongoing relief subject to oil prices thereafter. Indexing the Alberta Child and Family Benefit to inflation. Protecting consumers on the regulated electricity rate from price spikes in January, February, and March 2023. Indexing personal income taxes to inflation, retroactive to the 2022 tax year.
In addition to the above, there will also be: $200 in additional electricity rebates from January to April 2023, bringing total electricity relief from July 2022 to April 2023 to $500; indexing AISH, Income Support, and the Alberta Seniors Benefit to inflation; and enhancing the current natural gas rebate to provide permanent natural gas price protection.
Starting January 2023, eligible families with household incomes below $180,000 per year will receive six monthly payments of $100 for a total of $600 per dependent child under 18 years of age. Starting January 2023, seniors with household incomes below $180,000 per year will receive six monthly payments of $100 for a total of $600.
Finally, Alberta’s basic personal amount will increase from $19,369 to $19,814 for 2022, an increase of 2.3 per cent. Many Albertans will receive a higher refund or owe less tax to account for the 2022 indexation. They will also benefit in 2023 through lower tax withholdings on their paycheques.
For more information, visit www.alberta.ca.
MLA – Calgary North West Sonya Savage proudly serves the following Communities: Rocky Ridge, Royal Oak, Scenic Acres, Tuscany
