Alberta’s 2025/26 budget includes a $5.2 billion deficit and cuts personal income tax to 8% two years ahead of schedule

Albertans will be getting a tax cut…. but when it still a bit of a mystery.

The cuts details released in the provincial budget Thursday, would see a nine per cent tax bracket on the first $60,000 of income starting next year, before fully implementing the eight per cent bracket in 2027.

However, Finance Minister Nate Horner says the numbers add up, and Albertans could see the impact as soon as THIS year.

If passed, Budget 2025 is forecasting a $5.2 billion deficit.