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ALBERTA PERSONAL INCOME TAX AMENDMENT ACT, 2019 (SA 2019 c2)

Bill 10

ALBERTA PERSONAL INCOME TAX
AMENDMENT ACT, 2019

Chapter 2

(Assented to June 28, 2019)

HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows:

Amends RSA 2000 cA‑30

1   The Alberta Personal Income Tax Act is amended by this Act.


 

2   Section 8(2) is amended by adding the following after clause (f):

                           (g)    a reference to income for the year is to be read as a reference to that income determined as if, in computing that income, no amount were deductible under paragraph 20(1)(ww) of the federal Act.

 

3   Section 9 is amended in the formula by repealing the description of B and substituting the following:

                             B    is 15% of the amount, if any, by which the individual’s income for the year would exceed $26 941 if, in computing that income, no amount were included in respect of a gain from a disposition of property to which section 79 of the federal Act applies and no amount were deductible under paragraph 20(1)(ww) of the federal Act.

 

4   Section 10(1) is amended in the formula by repealing the description of B and substituting the following:

                             B    is the lesser of

                                 (a)    $1000, and

                                 (b)    the total of

                                        (i)    the eligible pension income of the individual for the taxation year, and

                                      (ii)    the total of all amounts received by the individual in the year on account of a retirement income security benefit payable to the individual under Part 2 of the Canadian Forces Members and Veterans Re‑establishment and Compensation Act (Canada).

 

5   Section 10(1) is amended in the formula by repealing clause (b)(ii) in the description of B and substituting the following:

                           (ii)    the total of all amounts received by the individual in the year on account of a retirement income security benefit payable to the individual under Part 2 of the Veterans Well‑being Act (Canada).

 

6   Section 10(1) is amended in the formula by repealing the description of B and substituting the following:

                             B    is the lesser of

                                 (a)    $1000, and

                                 (b)    the total of

                                        (i)    the eligible pension income of the individual for the taxation year,

                                      (ii)    the total of all amounts received by the individual in the year on account of a retirement income security benefit under Part 2 of the Veterans Well‑being Act (Canada), and

                                     (iii)    the total of all amounts received by the individual in the year on account of an income replacement benefit payable to the individual under Part 2 of the Veterans Well‑being Act (Canada) if the amount is determined under subsection 19.1(1), paragraph 23(1)(b) or subsection 26.1(1) of that Act, as modified, where applicable, under Part 5 of that Act.

7   Section 21 is amended

                            (a)    by striking out “and” at the end of clause (i);

                           (b)    in clause (j) by striking out “and subsequent taxation years” and adding the following after clause (j):

                              (j.1)    for the 2018 taxation year

                                        (i)    the reference in paragraph (a) to “8/11” is to be read as “69/440”, and

                                      (ii)    the reference in paragraph (b) to “6/11” is to be read as “69/190”,

                                     and

                              (j.2)    for the 2019 taxation year and subsequent taxation years

                                        (i)    the reference in paragraph (a) to “9/13” is to be read as “149/890”, and

                                      (ii)    the reference in paragraph (b) to “6/11” is to be read as “69/190”.

 

8(1)  Sections 2, 3 and 7 are deemed to have come into force on January 1, 2018.

(2)  Section 4 is deemed to have come into force on January 1, 2015.

(3)  Section 5 is deemed to have come into force on April 1, 2018.

(4)  Section 6 is deemed to have come into force on April 1, 2019.