News
The latest news, editorials, and conversations shaping Alberta’s business environment.
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The Alberta Enterprise Group (AEG) Response to the Passing of Bill C-235
In the autumn of 2022, on your behalf, AEG opposed federal bill C-235 "An Act respecting the building of a green economy in the Prairies". AEG stood up for Alberta's businesses by arguing that not only was the bill undermining areas of provincial jurisdiction but also that it was likely the bill would add to rather than alleviate the regulatory burden or costs of compliance of the numerous federal green regulations and programmes already being implemented in the Prairies.
In the autumn of 2022, on your behalf, AEG opposed federal bill C-235 "An Act respecting the building of a green economy in the Prairies". AEG stood up for Alberta's businesses by arguing that not only was the bill undermining areas of provincial jurisdiction but also that it was likely the bill would add to rather than alleviate the regulatory burden or costs of compliance of the numerous federal green regulations and programmes already being implemented in the Prairies.
Alberta’s Pre-Election Budget Biggest Surprise? Fiscal Prudence!
Pre-election budgets are rarely admirable. Money is spread around like pixie dust to curry the support of voters and to knee-cap opposition parties by borrowing their ideas. To a certain extent, the pre-election good news budget that Alberta Finance Minister Travis Toews delivered Tuesday follows this time-honoured political path, helped by $27.5 billion in oil and gas revenues in the 2022/23 fiscal year. And so, it is easy to chide the budget for populist policies like freezing insurance rates and capping post-secondary tuition fee increases at 2 per cent and for industrial policy measures for politically favoured industries (such as agricultural processing and film and television production). And there is the usual scattering of minor tax credits instead of a general cut in personal taxes – with no mention of a tax review geared to major reform, which the United Conservative Party proposed when it took office.
Pre-election budgets are rarely admirable. Money is spread around like pixie dust to curry the support of voters and to knee-cap opposition parties by borrowing their ideas. To a certain extent, the pre-election good news budget that Alberta Finance Minister Travis Toews delivered Tuesday follows this time-honoured political path, helped by $27.5 billion in oil and gas revenues in the 2022/23 fiscal year. And so, it is easy to chide the budget for populist policies like freezing insurance rates and capping post-secondary tuition fee increases at 2 per cent and for industrial policy measures for politically favoured industries (such as agricultural processing and film and television production). And there is the usual scattering of minor tax credits instead of a general cut in personal taxes – with no mention of a tax review geared to major reform, which the United Conservative Party proposed when it took office.
