2024 Alberta Tax Rates

Higher federal tax bracket thresholds as well as increased tax credit and benefit amounts are a few of the key changes for the 2024 tax year for Alberta.

Alberta tax brackets for 2024: The federal government’s annual indexation adjustment for personal income tax and benefit amounts, which is tied to the rate of inflation, is 4.7% for 2023, compared to 6.3% in 2023. The AB tax brackets in 2024 is 4.2%, compared to 6.0% in 2023.

Basic personal amount (BPA): The BPA is the amount of income an individual can earn without paying any tax. Federally, this amount increased from $15,000 to $15,705 and from $121,003 to $21,885 provincially.

Age amount: If you are aged 65 or older, you can claim a maximum of $8,790 in 2024, up from $8,396 in 2023.

TFSA limit: In 2024, the annual limit is $7,000, for a total of $95,000 for someone who has never contributed and has been eligible for the TFSA since its introduction in 2009.

View our Alberta Tax Rates handout for a more comprehensive list of tax information for 2024.