Implement Alberta 2025 tax reform with new 8% bracket#512
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MaxGhenis wants to merge 3 commits intoPolicyEngine:masterfrom
Open
Implement Alberta 2025 tax reform with new 8% bracket#512MaxGhenis wants to merge 3 commits intoPolicyEngine:masterfrom
MaxGhenis wants to merge 3 commits intoPolicyEngine:masterfrom
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Fixes PolicyEngine#507 Major changes: - Introduced new 8% tax rate on first ,000 (down from 10%) - Restructured all tax brackets for 2025 - Added missing 2023 and 2024 bracket values - Updated basic personal amount to ,323 for 2025 - All values indexed by 2% for 2025 This represents significant tax savings for lower and middle-income earners in Alberta.
- Replace secondary sources with official Alberta government documents - Add Alberta 2025-28 Fiscal Plan as primary reference - Keep CRA references for historical values
- Added Alberta Budget 2024 reference for 2023-2024 tax rates - Added TD1AB 2024 form reference for basic personal amount - All parameter values now have primary Alberta government sources
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Summary
Implements Alberta's major tax reform for 2025, introducing a new 8% tax bracket on the first $60,000 of income.
Changes
Tax Rate Structure
Other Updates
Impact
Fixes #507
Test plan