Government offers more details on Alberta's inflation relief program

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Government offers more details on Alberta's inflation relief program ableg abpoli

The plan calls for a series of legislative and regulatory changes that were largely announced by Premier Danielle Smith in a televised address on Nov. 22.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

“We intend to have the majority of the supports rolling out in January,” he said, without specifying exactly when next month that would happen. “There’s no certainty whatsoever for families looking for those extra supports over the holidays,” she said, adding the benefits are spread unequally among Albertans with youth and children-less couples among those excluded.Most of the changes are included in the government’s Bill 2, the Inflation Relief Statutes Amendment Act which passed first reading Wednesday.

Jones added seniors and vulnerable Albertans already on core government support programs would receive the relief payments automatically. Personal income tax brackets for all Albertans are also being re-indexed, increasing 2.3 per cent for 2022 and up to six per cent for 2023, bringing the basic personal allowable amount to $21,003.Article content

After that date, the government indicated it would revert back to a quarterly review of the gas tax suspension with more relief to be offered whenever the average price of oil rises above US$80 per barrel for West Texas Intermediate .Article contentAlso Wednesday, the government announced its plan to amend the Regulated Rate Option Act.

 

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