Tax Highlights from the 2023 Alberta Budget

Minister of Finance Travis Toews tabled the 2023 Alberta provincial budget on February 28, 2023.

Alberta’s economy is continuing to expand following two years of robust post-pandemic recovery, albeit at a more moderate pace. Real GDP growth is forecast to rise 2.8% and lead the country in 2023. With last year’s pace of 4.8%, real GDP fully recovered from the COVID-19 downturn and surpassed the 2014 peak, while incomes in the province hit a record high. The budget projects a surplus of $2.37 billion for the 2023/24 fiscal year. Read more here.

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