CTF releases New Year’s Tax Changes for 2022
Officials with the Canadian Taxpayers Federation (CTF) say Albertans may be facing higher taxes come the New Year.
That’s according to the organization’s 2022 New Year’s Tax Changes report released this week.
“Albertans struggling with high inflation and problems posed by the pandemic will get hit one more time in the New Year because politicians are hiking taxes,” said Kevin Lacey, Alberta Director with the CTF. “If the government of Alberta could do one thing this year, it would be to end the sneaky backdoor tax grab called bracket creep.”
In its 2019 budget, the CTF says the Alberta government brought in a sneaky income tax hike known as bracket creep. Officials say bracket creep happens when governments don’t move tax brackets with inflation, and inflation automatically bumps taxpayers into a higher tax bracket even though they can’t actually afford to buy more. As a member of Parliament, the porganization says Jason Kenney wrote a column in the Calgary Herald referring to bracket creep as a “hidden and regressive tax grab”.



