April 14, 2016 5:48 pm
Updated: April 14, 2016 6:32 pm

Alberta budget 2016: Winners and losers

WATCH ABOVE: Alberta Finance Minister Joe Ceci announces more details on cuts to the small business tax.

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EDMONTON – The Alberta government tabled its 2016-17 budget Thursday. Here are some of the winners and losers:

Winners: Small businesses. The small-business tax to be cut to two per cent from three per cent on Jan. 1.

Winners: Low-income families. The new Alberta Child Benefit to provide up to $2,750 each year to vulnerable families, including 235,000 children. There are also enhancements to the Alberta Family Employment Tax Credit.

Watch below: Global’s Emily Mertz has the highlights of Alberta budget 2016 outside the legislature Thursday afternoon


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READ MORE: Alberta budget 2016 full coverage

Losers: Higher-income earners. The new carbon tax will cost households making more than $100,000 a year an estimated $338 annually. That will jump to $504 next year. Anyone making more than $51,250 in net pay will not receive a rebate.

READ MORE: Alberta Budget 2016 – How much is this carbon tax going to cost me?

Losers: Future generations of taxpayers. Alberta debt is expected to reach $58 billion by 2019.

Losers: Parents of school children. Promised reductions in school fees have been delayed for a second time.

READ MORE:  Timeline of Alberta’s economic descent toward an expected $10B deficit

Winners: Municipalities. The province will continue with the second year of a $35-billion accelerated capital infrastructure plan, including money for ring roads in Edmonton and Calgary and a key traffic interchange in Red Deer.

Winners: Public-sector workers. No cuts planned in front-line services.

READ MORE: Alberta finance minister says $10.4B deficit serious but manageable

Winners: New workers. There is $15 million to help apprentices complete training and work experience requirements and $10 million to train those under-represented in the workforce, including women and indigenous people.

Winners: Tourism. Funding for expansion of the Calgary Zoo and Fort Edmonton Park.

READ MORE: Alberta Budget 2016 – What’s in it for Calgary and Lethbridge?

© 2016 The Canadian Press

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