Premier Smith weighs in on promised tax cut

The start of a new year has renewed inquiries about when Albertans can expect the UCP to deliver on its promised tax cut.

The start of a new year has renewed inquiries about when Albertans can expect the UCP to deliver on its promised tax cut.

During the 2023 Alberta general election, Premier Danelle Smith said she would implement a tax cut if re-elected.

“This means every Albertan earning $60,000 or more will save $760 – that’s over $1,500 per family! Albertans earning less than $60,000 will see a full 20 per cent reduction to their provincial tax bill under this tax cut,” the UCP's website stated. 

"These tax cuts will provide meaningful, timely tax relief to Albertans at a time when they need it most."

However on her radio show on Saturday, Smith said that tax break was delayed in 2024 because of the instability of oil and gas prices.

She referenced that last year's balanced budget was based on oil and gas pegged at $74 a barrel, which she says slipped to $67.

As a result, a tax cut will have to wait a while.