ARCHIVED - Information for Residents of Alberta

5009-PC

Table of contents

• What's new for 2004?
• Alberta Family EmploymentTax Credit
• If you have questions…

All the information you need to calculate your Alberta tax and credits is included on the following pages. You will find two copies of Form AB428, Alberta Tax and Credits , in this book. Complete Form AB428 and attach a copy to your return.

What's new for 2004?

The provincial non-refundable tax credits have increased.

The calculation of the non-refundable tax credit for medical expenses has changed.

The calculation for the political contribution tax credit has changed. The maximum credit has increased to $1,000.

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

Alberta Family EmploymentTax 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 get whichever of the following three amounts is the least:

• $500 ($41.66 for each month) for each child
  under age 18;
• $1,000 ($83.33 for each month); or
• 8% of your family's working income that is more than $6,500.

The credit is reduced by 4% of the amount of family net income that is more than $25,000. 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 2004 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 2005.

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 have questions about Alberta tax and credits, visit the Canada Revenue Agency (CRA) Web site at www.cra.gc.ca or call the CRA at 1-800-959-8281.

To get forms, visit the CRA Web site at www.cra.gc.ca/forms or call 1-800-959-2221.