Alberta
Alberta going after entrepreneurs and immigrants working as health-care professionals
Improving the Alberta Advantage Immigration Program
Changes to the Alberta Advantage Immigration Program (AAIP) will make it easier for in-demand workers and entrepreneurs to become permanent residents.
Alberta’s economy has momentum, and Alberta’s government is committed to further growth and diversification so the province remains the economic engine of Canada. In 2022, nearly 50,000 people from around the world chose Alberta as the place to invest, work and raise their families.
AAIP is an economic immigration program that enables Alberta to nominate qualified workers in in-demand sectors for permanent residency. By improving the program, Alberta will be more competitive in attracting skilled newcomers from across the world.
“Alberta is a land of opportunity. In our province, you can find the career you want, take home a strong and regular paycheque, and still spend time with family and friends. Not only do people around the world want to come here, we want them to come here to be a part of our communities and our prosperity, and help Alberta continue to grow and succeed.”
Alberta’s government is making five improvements to the AAIP that will help both businesses and international skilled workers.
Changes to the Rural Entrepreneur and Rural Renewal streams will help Alberta’s rural communities remain vibrant and grow. A lowered investment threshold of $100,000 for the Rural Entrepreneur Stream will will open the door to additional qualified entrepreneurs who wish to establish or purchase an existing business in participating rural Alberta communities. Removing the requirement for a letter from a settlement agency under the Rural Renewal Stream will help rural communities attract, recruit and welcome newcomers based on local needs.
“Bringing more workers needed in the province will be key to continuing to grow Alberta’s economy and meeting our labour shortages. These changes to AAIP show our commitment to making Alberta one of the best places in the world to put down roots, contribute positively to your community and be prosperous.”
Alberta has the best front-line health care workers in the world and the province will work to have the right supports in place to ensure Albertans get the care they need when and where they need it. A new, dedicated pathway to attract medical professionals to Alberta means that up to 30 per cent of Alberta’s Express Entry Stream allocation in 2023 will be reserved for health-care professionals with an Alberta job offer from a health-care sector employer and who meet the requirements to work in one of the eligible health occupations.
Two more changes will see a new phone line that directly connects AAIP staff members with clients and collaboration with the federal Economic Mobility Pathways Pilot. Participating in this pilot will help refugees with the skills and qualifications needed in Canada to immigrate through existing economic programs.
“These policy changes are aimed squarely at filling needed skills gaps, boosting vibrancy in rural communities, and creating more economic opportunity for refugees. We applaud these moves to enhance economic immigration in a way that is responsive to specific provincial needs.”
“From HV Global Immigration, we would like to thank Minister Rajan Sawhney for listening and proactively implementing reasonable changes to the AAIP. Apart from the other improvements, change in minimum investment at AAIP’s Rural Entrepreneur Stream would definitely help new and prospective immigrants to qualify for this program. This change will generate more revenue and create jobs for Albertans. Last, but not least, the new information phone line is going to be a big relief. Thanks once again Minister Sawhney for your hard work and listening to our ideas and solutions.”
Quick facts
- Alberta currently has about 100,000 job openings across the province.
- Alberta is forecasting a cumulative job shortage of 33,100 workers by 2025 across several occupations, skill levels and sectors (source: Alberta’s Occupational Outlook, 2021-2030).
- Immigration, Refugees and Citizenship Canada sets AAIP’s annual nomination limits.
- Alberta recently received an increase in nominations:
- 9,750 nominations in 2023
- 10,140 nominations in 2024 (estimated)
- 10,849 nominations in 2025 estimated)
- Alberta recently received an increase in nominations:
From the Fraser Institute
By Tegan Hill
According to the recent mid-year update tabled Thursday, the Smith government projects a $4.6 billion surplus in 2024/25, up from the $2.9 billion surplus projected just a few months ago. Despite the good news, Premier Smith must reduce spending to avoid budget deficits.
The fiscal update projects resource revenue of $20.3 billion in 2024/25. Today’s relatively high—but very volatile—resource revenue (including oil and gas royalties) is helping finance today’s spending and maintain a balanced budget. But it will not last forever.
For perspective, in just the last decade the Alberta government’s annual resource revenue has been as low as $2.8 billion (2015/16) and as high as $25.2 billion (2022/23).
And while the resource revenue rollercoaster is currently in Alberta’s favor, Finance Minister Nate Horner acknowledges that “risks are on the rise” as oil prices have dropped considerably and forecasters are projecting downward pressure on prices—all of which impacts resource revenue.
In fact, the government’s own estimates show a $1 change in oil prices results in an estimated $630 million revenue swing. So while the Smith government plans to maintain a surplus in 2024/25, a small change in oil prices could quickly plunge Alberta back into deficit. Premier Smith has warned that her government may fall into a budget deficit this fiscal year.
This should come as no surprise. Alberta’s been on the resource revenue rollercoaster for decades. Successive governments have increased spending during the good times of high resource revenue, but failed to rein in spending when resource revenues fell.
Previous research has shown that, in Alberta, a $1 increase in resource revenue is associated with an estimated 56-cent increase in program spending the following fiscal year (on a per-person, inflation-adjusted basis). However, a decline in resource revenue is not similarly associated with a reduction in program spending. This pattern has led to historically high levels of government spending—and budget deficits—even in more recent years.
Consider this: If this fiscal year the Smith government received an average level of resource revenue (based on levels over the last 10 years), it would receive approximately $13,000 per Albertan. Yet the government plans to spend nearly $15,000 per Albertan this fiscal year (after adjusting for inflation). That’s a huge gap of roughly $2,000—and it means the government is continuing to take big risks with the provincial budget.
Of course, if the government falls back into deficit there are implications for everyday Albertans.
When the government runs a deficit, it accumulates debt, which Albertans must pay to service. In 2024/25, the government’s debt interest payments will cost each Albertan nearly $650. That’s largely because, despite running surpluses over the last few years, Albertans are still paying for debt accumulated during the most recent string of deficits from 2008/09 to 2020/21 (excluding 2014/15), which only ended when the government enjoyed an unexpected windfall in resource revenue in 2021/22.
According to Thursday’s mid-year fiscal update, Alberta’s finances continue to be at risk. To avoid deficits, the Smith government should meaningfully reduce spending so that it’s aligned with more reliable, stable levels of revenue.
Author:
Better, faster, more affordable auto insurance
Alberta’s government is introducing a new auto insurance system that will provide better and faster services to Albertans while reducing auto insurance premiums.
After hearing from more than 16,000 Albertans through an online survey about their priorities for auto insurance policies, Alberta’s government is introducing a new privately delivered, care-focused auto insurance system.
Right now, insurance in the province is not affordable or care focused. Despite high premiums, Albertans injured in collisions do not get the timely medical care and income support they need in a system that is complex to navigate. When fully implemented, Alberta’s new auto insurance system will deliver better and faster care for those involved in collisions, and Albertans will see cost savings up to $400 per year.
“Albertans have been clear they need an auto insurance system that provides better, faster care and is more affordable. When it’s implemented, our new privately delivered, care-centred insurance system will put the focus on Albertans’ recovery, providing more effective support and will deliver lower rates.”
“High auto insurance rates put strain on Albertans. By shifting to a system that offers improved benefits and support, we are providing better and faster care to Albertans, with lower costs.”
Albertans who suffer injuries due to a collision currently wait months for a simple claim to be resolved and can wait years for claims related to more serious and life-changing injuries to addressed. Additionally, the medical and financial benefits they receive often expire before they’re fully recovered.
Under the new system, Albertans who suffer catastrophic injuries will receive treatment and care for the rest of their lives. Those who sustain serious injuries will receive treatment until they are fully recovered. These changes mirror and build upon the Saskatchewan insurance model, where at-fault drivers can be sued for pain and suffering damages if they are convicted of a criminal offence, such as impaired driving or dangerous driving, or conviction of certain offenses under the Traffic Safety Act.
Work on this new auto insurance system will require legislation in the spring of 2025. In order to reconfigure auto insurance policies for 3.4 million Albertans, auto insurance companies need time to create and implement the new system. Alberta’s government expects the new system to be fully implemented by January 2027.
In the interim, starting in January 2025, the good driver rate cap will be adjusted to a 7.5% increase due to high legal costs, increasing vehicle damage repair costs and natural disaster costs. This protects good drivers from significant rate increases while ensuring that auto insurance providers remain financially viable in Alberta.
Albertans have been clear that they still want premiums to be based on risk. Bad drivers will continue to pay higher premiums than good drivers.
By providing significantly enhanced medical, rehabilitation and income support benefits, this system supports Albertans injured in collisions while reducing the impact of litigation costs on the amount that Albertans pay for their insurance.
“Keeping more money in Albertans’ pockets is one of the best ways to address the rising cost of living. This shift to a care-first automobile insurance system will do just that by helping lower premiums for people across the province.”
Quick facts
- Alberta’s government commissioned two auto insurance reports, which showed that legal fees and litigation costs tied to the province’s current system significantly increase premiums.
- A 2023 report by MNP shows
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