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

  • December 19, 2024

    How MNP’s Voting and Election Services supported Calgary Co-op through the election process

  • Progress

    December 18, 2024

    How your dealership can build a more gender-diverse workforce

    With only 23 percent of employees in new car dealerships being women, the gender gap continues to persist in the automotive industry.

  • Performance

    How will the CRA’s significant GST/HST update impact your dental and orthodontic practice?

    How will the recent GST/HST update impact your dental practice? Understand the new requirements for claiming ITCs and opportunities for GST/HST refund claims.