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

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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]

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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 ≫

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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]

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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]

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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]

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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 ≫

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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]

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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

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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 ≫

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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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Alberta Corporate Tax Act special notice vol. 5 no. 66 : agri-processing investment tax credit

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The Investing in a Diversified Alberta Economy Act and the Alberta Corporate Tax Act were amended effective April 16, 2023, to implement the agri-processing investment tax credit (APITC) program.... More ≫

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The Investing in a Diversified Alberta Economy Act and the Alberta Corporate Tax Act were amended effective April 16, 2023, to implement the agri-processing investment tax credit (APITC) program. This new program offers a 12 per cent non-refundable tax credit based on eligible capital expenditures to corporations investing $10 million or more to build or expand agri-processing facilities in Alberta.

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Government estimates, general revenue fund (data files)

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The Government Estimates report the requirements for public monies from the General Revenue Fund to fund the operations of the Government for the applicable fiscal year. Together with the Offices... More ≫

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The Government Estimates report the requirements for public monies from the General Revenue Fund to fund the operations of the Government for the applicable fiscal year. Together with the Offices of the Legislative Assembly Estimates, the estimates documents identify the total requirements for public monies from the General Revenue Fund for the year. The estimates make up part of the Government’s annual budget, which also includes the fiscal plan, the government’s strategic or performance plan, and the ministry business plans. Note: Supplementary information on financial entities and consolidation adjustments has been moved into a separate Entity Financial Information volume published in electronic form. See the Related tab.

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Alberta Budget Fiscal Plan Tables (including Economic Outlook, Capital Plan, Tax Plan, Debt) (data files)

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The Fiscal Plan outlines the government’s forecasts for the economy, revenue and spending, and main policy decisions or initiatives. Provided in an open data format are chapters of the Fiscal... More ≫

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The Fiscal Plan outlines the government’s forecasts for the economy, revenue and spending, and main policy decisions or initiatives. Provided in an open data format are chapters of the Fiscal Plan. The Fiscal Plan is the centerpiece of the Government’s annual budget, which also includes the estimates, the government’s strategic plan, and the ministry business plans. These documents are in Excel format. See the related tab for PDF format.

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