No fee everyday banking
Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.
Federal + Alberta provincial tax — Canada's lowest provincial rate
Keep more of your Alberta income. KOHO has no monthly fees, earns cashback, and gives you a $100 bonus with code BREMO2026.
Claim $100 Bonus →| Alberta Taxable Income | Rate | Notes |
|---|---|---|
| $0 – $148,269 | 10% | Lowest flat rate in Canada |
| $148,270 – $177,922 | 12% | |
| $177,923 – $237,230 | 13% | |
| $237,231 – $355,845 | 14% | |
| Over $355,845 | 15% |
Alberta basic personal amount: $21,003 (one of the highest in Canada). No PST.
Alberta is the only province in Canada with no provincial sales tax (PST). Residents pay only the 5% federal GST on purchases. This saves the average Albertan household $2,000–$4,000 annually compared to provinces with PST or HST.
For the first $148,269 of provincial taxable income, Albertans pay a flat 10% provincial rate. This is significantly lower than Ontario's graduated rates (5.05%–13.16%) and BC's rates (5.06%–20.5%). A person earning $100,000 in Alberta saves roughly $3,000–$5,000 in provincial income tax compared to Ontario or BC.
Alberta's basic personal amount of $21,003 is among the highest in Canada. This means the first $21,003 of income is entirely free from provincial tax. Combined with the federal BPA of $16,129, an Albertan earning $21,003 or less pays no income tax at all.
Alberta residents receive quarterly Canada Carbon Rebate payments. In 2026, this is approximately $225 per adult and $112 per child per quarter. A family of four receives roughly $1,350 annually — partially offsetting carbon tax costs on fuel and utilities.
The tax savings in Alberta are real and significant, especially for incomes above $100,000. At $150,000 gross income, moving from Ontario to Alberta can save $6,000–$8,000 per year in income tax, plus additional savings from no PST. However, consider factors like higher property insurance costs, winter heating bills, and no provincial rental control.