As part of Alberta’s provincial tax system, a variety of refundable tax credits are available to provide financial support to residents and employers. These credits are designed to help families with children, offset the cost of federal carbon taxes, and promote employment opportunities within the province. Refundable tax credits are particularly beneficial because they can be received as a refund even if an individual or business owes no income tax. This guide provides a comprehensive overview of the key refundable tax credits currently available in Alberta for the year 2024.
| Tax Credit | Eligibility | Details | Refundable |
| Alberta Child and Family Benefit (ACFB) | Low- to middle-income families with children under 18. | Paid quarterly. Combines a base and working component. Amount depends on family income and number of children. | Yes, even if no tax is payable. |
| Alberta Climate Action Incentive Payment (CAIP) | Residents of Alberta to offset the cost of the federal carbon tax. | Payments made quarterly. Amount varies by household size (adults and children). | Yes, delivered regardless of taxable income. |
| Alberta Jobs Now Program (Credit Component) | Employers who hire unemployed or underemployed Albertans. | Grants to subsidize wages or training costs for new employees, aimed at supporting economic recovery. | Yes, businesses receive payment even if no tax is owing. |
