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Provincial equalized assessment report

Description

In Alberta, equalized assessment is the means of comparing property wealth in a uniform manner for all municipalities. Alberta uses an ad valorem assessment and tax system where property taxes are... More ≫

Description

In Alberta, equalized assessment is the means of comparing property wealth in a uniform manner for all municipalities. Alberta uses an ad valorem assessment and tax system where property taxes are based on wealth and wealth is measured by the value of property expressed as an assessment. Equalizing an assessment is simply a process of adjusting each municipality's taxable assessment to a common year in accordance with current legislation and policy. The equalization process results in a common provincial assessment base that is used to determine the amount of requisition for each requisitioning body.

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Taxation on freehold mineral rights

Description

This one-page fact sheet by the Farmers' Advocate Office provides information on freehold mineral taxation In Alberta.

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Film and Television Tax Credit Program changes fact sheet

Description

This fact sheet describes changes made in June 2024 to the Film and Television Tax Credit Program.

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Alberta Corporate Tax Act special notice vol. 5 no. 67 : mandatory electronic filing of AT1 returns

Description

The Alberta Corporate Tax Act (ACTA) requires prescribed corporations to file the Alberta Corporate Income Tax Return − AT1 (AT1 Return) by way of electronic filing. For consistency with federal... More ≫

Description

The Alberta Corporate Tax Act (ACTA) requires prescribed corporations to file the Alberta Corporate Income Tax Return − AT1 (AT1 Return) by way of electronic filing. For consistency with federal filing requirements in respect of the T2 Corporation Income Tax Return (T2 Return), the definition of ‘prescribed corporation’ in the Alberta Corporate Tax Regulation has been amended to remove the exception for corporations whose gross revenue exceeds $1 million. Accordingly, effective in respect of AT1 Returns for taxation years that begin after December 31, 2024, all corporations will be required to file their AT1 Return with Alberta Treasury Board and Finance, Tax and Revenue Administration (TRA), by way of electronic filing, with the exception of insurance corporations, non-resident corporations, corporations reporting in functional currency, and corporations that are exempt from taxation under section 35 of the ACTA.

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Ministerial Order MSD:041/24 [Municipal Affairs]

Description

Ministerial order to adopt the detailed and all-inclusive estimate of the 2024 budget for Improvement District No. 12 be adopted. Also orders that the rates of taxation on the assessed value of... More ≫

Description

Ministerial order to adopt the detailed and all-inclusive estimate of the 2024 budget for Improvement District No. 12 be adopted. Also orders that the rates of taxation on the assessed value of property as shown on the assessment roll be levied as set out in the ministerial order; sets the minimum amount payable as property tax for general municipal taxes; sets the date on which current penalties will be imposed on outstanding taxes; and sets an arrears penalty to be added to all tax arrears unpaid on January 1, 2025.

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Ministerial Order MSD:035/24 [Municipal Affairs]

Description

Ministerial order to adopt the detailed and all-inclusive estimate of the 2024 budget for Improvement District No. 24 be adopted. Also orders that the rates of taxation on the assessed value of... More ≫

Description

Ministerial order to adopt the detailed and all-inclusive estimate of the 2024 budget for Improvement District No. 24 be adopted. Also orders that the rates of taxation on the assessed value of property as shown on the assessment roll be levied as set out in the ministerial order; sets the minimum amount payable as property tax for general municipal taxes; sets the date on which current penalties will be imposed on outstanding taxes; and sets an arrears penalty to be added to all tax arrears unpaid on January 1, 2025.

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Ministerial Order MSD:034/24 [Municipal Affairs]

Description

Ministerial order to adopt the detailed and all-inclusive estimate of the 2024 budget for Improvement District No. 25 be adopted.

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Ministerial Order MSD:030/24 [Municipal Affairs]

Description

Ministerial order to adopt the detailed and all-inclusive estimate of the expenditures for the 2024 calendar year for Improvement District No. 4. Also orders that the rates of taxation on the... More ≫

Description

Ministerial order to adopt the detailed and all-inclusive estimate of the expenditures for the 2024 calendar year for Improvement District No. 4. Also orders that the rates of taxation on the assessed value of property as shown on the assessment roll be levied as set out in the ministerial order.

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Ministerial Order MSD:031/24 [Municipal Affairs]

Description

Ministerial order to adopt the detailed and all-inclusive estimate of the expenditures for the 2024 calendar year for Improvement District No. 9. Also orders that the rates of taxation on the... More ≫

Description

Ministerial order to adopt the detailed and all-inclusive estimate of the expenditures for the 2024 calendar year for Improvement District No. 9. Also orders that the rates of taxation on the assessed value of property as shown on the assessment roll be levied as set out in the ministerial order.

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Updated equalized assessment

Description

In Alberta, equalized assessment is the means of comparing property wealth in a uniform manner for all municipalities. Alberta uses an ad valorem assessment and tax system where property taxes are... More ≫

Description

In Alberta, equalized assessment is the means of comparing property wealth in a uniform manner for all municipalities. Alberta uses an ad valorem assessment and tax system where property taxes are based on wealth and wealth is measured by the value of property expressed as an assessment. Equalizing an assessment is simply a process of adjusting each municipality's taxable assessment to a common year in accordance with current legislation and policy. The equalization process results in a common provincial assessment base that is used to determine the amount of requisition for each requisitioning body.

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