Ryan Tax Alert - Alberta Budget 2008

Finance and Enterprise Minister Iris Evans tabled the 2008 Alberta Budget on April 22, 2008. Fueled by record oil prices, the province’s 15th consecutive balanced budget provides for $37 billion in spending and focuses primarily on five key commitments made during the last provincial election: delivering more efficient and effective health care; protecting the environment and promoting responsible energy development; improving infrastructure in response to the province’s tremendous growth; broadening Alberta’s economy; and ensuring safe, strong and vibrant communities.

This year’s budget also continues to build on Alberta’s “Tax Advantage” by introducing several corporate and personal income tax reductions, as well as the elimination of the province’s health care insurance premiums, effective January 1, 2009.

However, no significant commodity tax changes were announced.

Additional information on the 2008 Alberta Budget may be found on the province’s web site at:
http://www.finance.gov.ab.ca/business/budget/index.html

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