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Alberta

Premier Kenney addresses Alberta’s COVID-19 economic crisis

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From the Province of Alberta

Additional financial support for Albertans and employers

More relief is on the way for Albertans and Alberta employers.

The government has made three significant decisions that will give Albertans and Alberta employers additional supports as they deal with the impacts of the COVID-19 crisis.

ā€œOur priority is to keep our province strong while we get through these difficult times together. Weā€™re doing everything we can to support Albertans and Alberta employers through this crisis. Thatā€™s why weā€™re focused on creating tangible savings for households and freeing up necessary cash for businesses to help them through these unprecedented times.ā€

Jason Kenney, Premier

Education property tax freeze

During a pandemic, Alberta households should not need to worry about paying additional property taxes.

  • The government will immediately cancel the decision made in Budget 2020 and will freeze education property taxes at last yearā€™s level.
  • Reversing the 3.4 per cent population and inflation adjustment will save Alberta households and businesses about $87 million in 2020-21, which means $55 million for households and $32 million for employers.
  • The government expects that Albertans and Alberta businesses will fully realize these savings and that municipal property tax levels will not be increased as a result of the lower provincial education property tax levels.

Education property tax deferral for business

When Alberta businesses are operating, they employ Albertans who can support themselves, their families and help keep the economy running. Effective immediately, the government will defer education property tax for businesses for six months.

  • In the next six months, $458 million in cash will remain with employers to help them pay employees and continue operations.
  • The government expects municipalities to set education property tax rates as they normally would, but defer collection. Deferred amounts will be repaid in future tax years.
  • The government encourages commercial landlords to pass on these savings to their tenants through reduced or deferred payments. This will help employers continue to manage their debts, pay their employees and stay in business.
  • Businesses capable of paying their taxes in full are strongly encouraged to do so. This will assist the province in being able to support Albertans through this pandemic.

ā€œEliminating the scheduled adjustment of education property taxes and deferring collection of non-residential property taxes will result in savings to Albertans and improved business cash flow. This measure will help Alberta households and businesses during this time ā€“ we want to keep Albertans working while we get through these difficult times together.ā€

Travis Toews, President of Treasury Board and Minister of Finance

WCB premiums deferral for private sector businesses and support for small and medium businesses

Private sector employers can save money on their WCB premium payments at a time when they need it most. These actions ensure the sustainability of the workersā€™ compensation system and that injured workers continue to receive the benefits and supports they need to return to work.

  • Private sector employers will have immediate financial relief by deferring WCB premiums until early 2021, effectively for one year.
  • Employers who have already paid their WCB premium payment for 2020 are eligible for a rebate or credit.
  • For small and medium businesses, the government will cover 50 per cent of the premium when it is due.
  • Large employers will also receive a break by having their 2020 WCB premium payments deferred until 2021, at which time their premiums will be due.
  • Paying 50 per cent of small and medium private sector WCB premiums for 2020 will cost government approximately $350 million.

Additional measures to help families, students and employers

Previously announced measure taken by the province to protect Albertans and assist businesses include:

  • The collection of corporate income tax balances and instalment payments is deferred until Aug. 31, 2020. This gives Alberta businesses access to about $1.5 billion in funds to help them cope with the COVID-19 crisis.
  • $50 million to support emergency isolation for working adult Albertans who must self-isolate, including persons who are the sole caregiver for a dependent who must self-isolate, and who will not have another source of pay or compensation while they are self-isolated. It is distributed in one payment instalment to bridge the gap until the federal emergency payments begin in April.
  • Utility payment deferral for residential, farm, and small commercial customers to defer bill payments for the next 90 days and ensure no one is cut off from electricity and natural gas services during this time of crisis.
  • A six-month, interest-free moratorium on Alberta student loan payments for all individuals who are in the process of repaying these loans.

COVID-19 a ‘devastating blow’ to mountain towns that rely on tourism

After 15 years as a TV reporter with Global and CBC and as news director of RDTV in Red Deer, Duane set out on his own 2008 as a visual storyteller. During this period, he became fascinated with a burgeoning online world and how it could better serve local communities. This fascination led to Todayville, launched in 2016.

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Alberta

Big win for Alberta and Canada: Statement from Premier Smith

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Premier Danielle Smith issued the following statement on the April 2, 2025 U.S. tariff announcement:

ā€œToday was an important win for Canada and Alberta, as it appears the United States has decided to uphold the majority of the free trade agreement (CUSMA) between our two nations. It also appears this will continue to be the case until after the Canadian federal election has concluded and the newly elected Canadian government is able to renegotiate CUSMA with the U.S. administration.

ā€œThis is precisely what I have been advocating for from the U.S. administration for months.

ā€œIt means that the majority of goods sold into the United States from Canada will have no tariffs applied to them, including zero per cent tariffs on energy, minerals, agricultural products, uranium, seafood, potash and host of other Canadian goods.

ā€œThere is still work to be done, of course. Unfortunately, tariffs previously announced by the United States on Canadian automobiles, steel and aluminum have not been removed. The efforts of premiers and the federal government should therefore shift towards removing or significantly reducing these remaining tariffs as we go forward and ensuring affected workers across Canada are generously supported until the situation is resolved.

ā€œI again call on all involved in our national advocacy efforts to focus on diplomacy and persuasion while avoiding unnecessary escalation. Clearly, this strategy has been the most effective to this point.

ā€œAs it appears the worst of this tariff dispute is behind us (though there is still work to be done), it is my sincere hope that we, as Canadians, can abandon the disastrous policies that have made Canada vulnerable to and overly dependent on the United States, fast-track national resource corridors, get out of the way of provincial resource development and turn our country into an independent economic juggernaut and energy superpower.ā€

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Alberta

Energy sector will fuel Alberta economy and Canadaā€™s exports for many years to come

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From the Fraser Institute

By Jock Finlayson

By any measure, Alberta is an energy powerhouseā€”within Canada, but also on a global scale. In 2023, it produced 85 per cent of Canadaā€™s oil and three-fifths of the countryā€™s natural gas. Most of Canadaā€™s oil reserves are in Alberta, along with a majority of natural gas reserves. Alberta is the beating heart of the Canadian energy economy. And energy, in turn, accounts for one-quarter of Canadaā€™s international exports.

Consider some key facts about the provinceā€™s energy landscape, as noted in the Alberta Energy Regulatorā€™s (AER) 2023Ā annual report. Oil and natural gas production continued to rise (on a volume basis) in 2023, on the heels of steady increases over the preceding half decade. However, the dollar value of Albertaā€™s oil and gas production fell in 2023, as the surging prices recorded in 2022 following Russiaā€™s invasion of Ukraine retreated. Capital spending in the provinceā€™s energy sector reached $30 billion in 2023, making it the leading driver of private-sector investment. And completion of the Trans Mountain pipeline expansion project has opened new offshore export avenues for Canadaā€™s oil industry and should boost Albertaā€™s energy production and exports going forward.

In a world striving to address climate change, Albertaā€™s hydrocarbon-heavy energy sector faces challenges. At some point, the world may start to consume less oil and, later, less natural gas (in absolute terms). But such ā€œpeakā€ consumption hasnā€™t arrived yet, nor does it appear imminent. While the demand for certain refined petroleum products is trending down in some advanced economies, particularly in Europe, we should take a broader global perspective when assessing energy demand and supply trends.

Looking at the worldwide picture, Goldman Sachsā€™ 2024 global energy forecast predicts that ā€œoil usage will increase through 2034ā€ thanks to strong demand in emerging markets and growing production of petrochemicals that depend on oil as the principalĀ feedstock. Global demand for natural gas (including LNG) will also continue to increase, particularly since natural gas is the least carbon-intensive fossil fuel and more of it is being traded in the form of liquefied natural gas (LNG).

Against this backdrop, there are reasons to be optimistic about the prospects for Albertaā€™s energy sector, particularly if the federal government dials back some of the economically destructive energy andĀ climate policiesĀ adopted by the lastĀ government. According to the AERā€™s ā€œbase caseā€ forecast, overall energy output will expand over the next 10 years. Oilsands output is projected to grow modestly; natural gas production will also rise, in part due to greater demand for Albertaā€™s upstream gas from LNG operators in British Columbia.

The AERā€™s forecast also points to a positive trajectory for capital spending across the provinceā€™s energy sector. The agency sees annual investment rising from almost $30 billion to $40 billion by 2033. Most of this takes place in the oil and gas industry, but ā€œemergingā€ energy resources and projects aimed at climate mitigation are expected to represent a bigger slice of energy-related capital spending going forward.

Like many other oil and gas producing jurisdictions, Alberta must navigate the bumpy journey to a lower-carbon future. But the world is set to remain dependent on fossil fuels for decades to come. This suggests the energy sector will continue to underpin not only the Alberta economy but also Canadaā€™s export portfolio for the foreseeable future.

Jock Finlayson

Senior Fellow, Fraser Institute
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