Alberta’s Finance Minister Nate Horner delivered the province’s 2024 budget on February 29, 2024. The budget anticipates a surplus of $5.2 billion for 2023-24 and projects surpluses of $367 million for 2024-25 and $1.4 billion for 2025-26. Although the budget does not include any new changes to the corporate or personal tax rates, it announces a new $200 annual tax on electric vehicles and a one-time refundable tax credit for certain employed individuals who move to Alberta, among other changes.
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