ARCHIVED - Information for Residents of Alberta

5009-PC

If you have a visual impairment, you can get our publications in Braille, large print, or etext (CD or diskette), or on audio cassette or MP3. For details, visit our About multiple formats page or call 1-800-959-2221.

All the information you need to calculate your Alberta tax and credits can be found in the publication called Completing your Alberta form. Complete Form AB428, Alberta Tax and Credits, and attach it to your return.

What's new for 2006?

The provincial non-refundable tax credits have increased.

The basic personal amount has increased to $14,899. The spouse or common-law partner amount and the amount for an eligible dependant have increased to $14,899.

The calculation for the Alberta dividend tax credit has changed and can be found on the Provincial Worksheet.

Form AB428, Alberta Tax and Credits, reflects these changes.

Alberta Family Employment Tax Credit

The Alberta Family Employment Tax Credit is a non-taxable amount for families with working income that have children under age 18.

You may be entitled to receive:

• $560 ($46.66 per month) for the first child;
• $510 ($42.50 per month) for the second child;
• $306 ($25.50 per month) for the third child; and
• $102 ($8.50 per month) for the fourth child.

The maximum you can get is the lesser of $1,478 or 8% of your family's working income that is more than $2,760.

The credit is reduced by 4% of the amount of family net income that is more than $25,475. Payments are made twice a year, in January and July.

There is no need to apply separately to get payments under this program. We will use the information from your Canada Child Tax Benefit (CCTB) application to determine your eligibility for the program.

File your tax return - You (and your spouse or common-law partner) should file your 2006 tax return(s) as soon as possible. The information you give on your return(s) will determine how much you will get starting in July 2007.

This program is fully funded by the Province of Alberta. Payments are issued separately from the CCTB. For more information, call 1-800-959-2809.

If you have questions…

If you need more help about Alberta tax and credits after you read the publication called Completing your Alberta form, call the Canada Revenue Agency (CRA) at 1-800-959-8281.

To get forms, visit the CRA Forms and publications page or call 1-800-959-2221.