Alberta Legislature Building in Edmonton

2022 Alberta Budget Highlights

2022 Alberta Budget Highlights

Synopsis
2 Minute Read

Alberta Finance Minister Travis Toews tabled the Provincial Government’s 2022 budget on February 24, 2022.

On Thursday, February 24, 2022, Alberta Minister of Finance Travis Toews tabled the 2022 Budget. This year’s balanced budget is focused on building health system capacity and increasing work opportunities for Albertans.

No new business or personal income tax measures were announced.

Other tax measures in the Budget include:

  • Extension of the Tourism Levy to require online marketplaces to collect and remit the levy on behalf of their Alberta short-term rental hosts
  • Introduction of a separate category of tobacco tax for smokeless products
  • Current year adjustment to education property tax
  • Intention for the Province to work with the Federal Government to explore a coordinated taxation approach to collect provincial tax on vaping products sold in Alberta

More details and highlights of the 2022 Alberta Budget can be found here.

2022 Federal Budget

Sign up now to access MNP’s insightful Federal Budget Summary on release and find out the impacts and implications.

Insights

  • Performance

    March 13, 2025

    Tariffs and trade: The direct and indirect impacts for Canada’s food and beverage industry

    Tariffs are driving up costs and disrupting supply chains in Canada’s food and beverage industry. Here’s how businesses can adapt and stay competitive.  

  • Progress

    March 12, 2025

    Farm Succession Corner: What should happen before the transition of farm ownership?

    How can you successfully transition your family farm to new ownership? Breaking the process down into manageable steps can help ensure a smooth transition. 

  • Confidence

    March 11, 2025

    Strengthening internal controls over financial reporting to ensure financial reporting integrity

    Canadian businesses must strengthen ICFR to ensure financial integrity, prevent misstatements, and ensure regulatory compliance amid evolving risks and disruptions.