CALGARY (660 NEWS) — What does 2020 mean for your wallet?
There are some fee changes coming into effect in the new year, particularly affecting transit users and homeowners in Calgary.
Also, changes from the provincial government may cause various impacts over the next 366 days.
Starting with the City of Calgary, the most noticeable change will be with transit, as ticket fares, day passes, monthly passes, and seniors’ yearly passes are all going up.
Ticket fares will go up ten cents to $3.50 for adults, and five cents to $2.40 for youth.
Booklets of ten tickets are also going up $1 to $35 for adults and 50 cents to $24 for youth.
Day passes will cost $11 for adults and $8 for youth, each an increase of 25 cents. Monthly passes will also go up for adults only, by $3 to $109.
The airport bus route is also seeing a 25 cent increase to $11, and a regular yearly pass for seniors will cost $145 in 2020, an increase of $5.
There are no changes to the senior low-income pass or regular low-income monthly pass.
At home, there are no changes to garbage fees in 2020 — however, there are some increases planned for 2021. But homeowners will see increases on their property tax bill after city council agreed to a tax shift that eased the burden on businesses and put more of the load on residential taxpayers.
This shift means an increase of over 7 per cent, amounting to over $4 a month, or around $150 a year for the average home.
Finally, recreation rates remain the same for Calgarians, with the exception of minor increases at a pair of golf courses. It will now cost $45 for 18 holes at Shaganappi Point and $52 at Maple Ridge, increases of fifty cents, and $1, respectively.
Moving to the provincial jurisdiction, vehicle registration costs are going up. It will cost $93.65 to register a car, which is an increase of a little over $9. RV and camper registration sees a more significant increase of nearly $50, to $163.65 from the previous rate of $109.45
Some Albertans may also be paying more in provincial tax in the new year, largely due to the province pausing indexation and removing some tax credits.
If you are a post-secondary student, there are good odds your tuition will go up as well after the province eliminated a tuition freeze. Tuition can now go up a maximum of seven per cent every year for the next three years.
The province is also looking to introduce a couple of new taxes in 2020, including a tourism levy that would affect Air BnB hosts and other short-term rentals and a possible tax on vaping products.
After the release of the 2019 budget, the province increased taxes on tobacco, and this is also comes as the government continues a review of smoking legislation.
Finally, the federal carbon tax is officially in effect, so there is a 4.4 cent per litre increase at the gas pumps, and an increase of a little over $1 per gigajoule of natural gas.
However, the federal carbon tax also comes with rebates, and the government promises Albertans will receive hundreds of dollars at tax time as a result. This would be $444 for the average single adult, and close to $900 for the average family.
The federal government also hopes to continue with a middle-class tax cut that will result in savings of around $100 in the first year.