Alberta
$30 million investment to help develop national transportation logistics hub at Red Deer Regional Airport
News release from the Province of Alberta
Investing in the Red Deer Regional Airport
Budget 2023 is investing $30 million to expand the Red Deer Regional Airport, clearing the way to develop a national transportation logistics hub in central Alberta.
As Alberta’s government continues its focus on growing and diversifying the economy, an investment in the Red Deer Regional Airport will provide new opportunities in central Alberta. Improvements will support the development of a shipping and receiving hub in central Alberta and attract new investment opportunities to create high-paying jobs.
“Alberta’s airports play a critical role in strengthening and diversifying our economy by expanding access to markets, as we don’t have direct access to tidewater. This investment will allow additional aviation cargo and logistics services, which will not only provide new travel options and get more products to market but also create jobs and help attract new investment to central Alberta.”
The expansion will support the growth of rural communities in central Alberta while enhancing the safety of local residents and airport users by creating an additional emergency access to the airport and the Hamlet of Springbrook. This new funding builds on a $7.5-million grant from Alberta’s government in 2022-23 for the airport to repair and upgrade its runway.
“This is definitely exciting news. The Red Deer Regional Airport is situated along one of the busiest transportation hubs in the province. This expansion will provide huge economic benefits to central Alberta.”
“The city and county recognize the Red Deer Regional Airport as an economic catalyst. The city, as a joint appointer for the airport with the county, is working together to be a key logistics hub based on our prime location. Thank you to the Province of Alberta for their investments in central Alberta.”
“We are glad this government has recognized the unique opportunity the airport and central Alberta can play in expanding our economic impact through diversification. We already have a tenant looking to expand their business as a result of this positive development. By building the road north, we now have the opportunity to access the additional 220 acres, which we hope will bring in cargo, aircraft repair and other airline-related services. This expansion project will also result in a new passenger terminal allowing for 737 aircraft passenger service.”
“Air Spray has partnered with the Red Deer airport for over 50 years. We are the largest business at the airport, employing over 150 highly trained aviation professionals. Air Spray is delighted with the news of this major investment at the Red Deer airport. This investment allows Air Spray to move forward with our expansion plans to add additional hangar space at the airport.”
Funding through Budget 2023 will support north end road construction and civil works, including water sanitation, stormwater and fibre optics, to Township Road 374 to support new business opportunities for the north end land development. The development of the north end road will also create additional emergency access to the airport and will increase safety for the community as it continues to grow.
“As the MLA for Red Deer-North and as a resident of Red Deer, I know this expansion will be a welcomed addition for the community. This expansion will be an asset to the transportation corridor, as it will attract new passenger and cargo services, improve tourism and create jobs. I am happy to see further investments that will support our booming community.”
“Centrally located on the dynamic Calgary-Edmonton corridor, the Red Deer Regional Airport enjoys great competitive advantages. This transformative $30-million capital investment for the airport will leverage those advantages, increasing the economic capacity of the airport, thereby increasing economic activity and prosperity in Red Deer and central Alberta.”
Budget 2023 secures Alberta’s future by transforming the health-care system to meet people’s needs, supporting Albertans with the high cost of living, keeping our communities safe and driving the economy with more jobs, quality education and continued diversification.
Quick facts
- Alberta’s aviation and aerospace industries employ more than 18,000 people (2022, Statistics Canada).
- These industries contributed $1.5 billion to the province’s GDP in 2021.
- The province is home to three low-cost Alberta-based carriers – Lynx Air, Swoop and Flair Airlines.
- Alberta’s government created the Strategic Aviation Advisory Council in 2020 to provide expert advice to government on how aviation and aerospace can increase economic development opportunities, expand markets and create jobs in the province.
Alberta
Alberta government should create flat 8% personal and business income tax rate in Alberta
From the Fraser Institute
By Tegan Hill
If the Smith government reversed the 2015 personal income tax rate increases and instituted a flat 8 per cent tax rate, it would help restore Alberta’s position as one of the lowest tax jurisdictions in North America
Over the past decade, Alberta has gone from one of the most competitive tax jurisdictions in North America to one of the least competitive. And while the Smith government has promised to create a new 8 per cent tax bracket on personal income below $60,000, it simply isn’t enough to restore Alberta’s tax competitiveness. Instead, the government should institute a flat 8 per cent personal and business income tax rate.
Back in 2014, Alberta had a single 10 per cent personal and business income tax rate. As a result, it had the lowest top combined (federal and provincial/state) personal income tax rate and business income tax rate in North America. This was a powerful advantage that made Alberta an attractive place to start a business, work and invest.
In 2015, however, the provincial NDP government replaced the single personal income tax rate of 10 percent with a five-bracket system including a top rate of 15 per cent, so today Alberta has the 10th-highest personal income tax rate in North America. The government also increased Alberta’s 10 per cent business income tax rate to 12 per cent (although in 2019 the Kenney government began reducing the rate to today’s 8 per cent).
If the Smith government reversed the 2015 personal income tax rate increases and instituted a flat 8 per cent tax rate, it would help restore Alberta’s position as one of the lowest tax jurisdictions in North America, all while saving Alberta taxpayers $1,573 (on average) annually.
And a truly integrated flat tax system would not only apply a uniform tax 8 per cent rate to all sources of income (including personal and business), it would eliminate tax credits, deductions and exemptions, which reduce the cost of investments in certain areas, increasing the relative cost of investment in others. As a result, resources may go to areas where they are not most productive, leading to a less efficient allocation of resources than if these tax incentives did not exist.
Put differently, tax incentives can artificially change the relative attractiveness of goods and services leading to sub-optimal allocation. A flat tax system would not only improve tax efficiency by reducing these tax-based economic distortions, it would also reduce administration costs (expenses incurred by governments due to tax collection and enforcement regulations) and compliance costs (expenses incurred by individuals and businesses to comply with tax regulations).
Finally, a flat tax system would also help avoid negative incentives that come with a progressive marginal tax system. Currently, Albertans are taxed at higher rates as their income increases, which can discourage additional work, savings and investment. A flat tax system would maintain “progressivity” as the proportion of taxes paid would still increase with income, but minimize the disincentive to work more and earn more (increasing savings and investment) because Albertans would face the same tax rate regardless of how their income increases. In sum, flat tax systems encourage stronger economic growth, higher tax revenues and a more robust economy.
To stimulate strong economic growth and leave more money in the pockets of Albertans, the Smith government should go beyond its current commitment to create a new tax bracket on income under $60,000 and institute a flat 8 per cent personal and business income tax rate.
Author:
Alberta
Province to stop municipalities overcharging on utility bills
Making utility bills more affordableAlberta’s government is taking action to protect Alberta’s ratepayers by introducing legislation to lower and stabilize local access fees. Affordability is a top priority for Alberta’s government, with the cost of utilities being a large focus. By introducing legislation to help reduce the cost of utility bills, the government is continuing to follow through on its commitment to make life more affordable for Albertans. This is in addition to the new short-term measures to prevent spikes in electricity prices and will help ensure long-term affordability for Albertans’ basic household expenses.
Local access fees are functioning as a regressive municipal tax that consumers pay on their utility bills. It is unacceptable for municipalities to be raking in hundreds of millions in surplus revenue off the backs of Alberta’s ratepayers and cause their utility bills to be unpredictable costs by tying their fees to a variable rate. Calgarians paid $240 in local access fees on average in 2023, compared to the $75 on average in Edmonton, thanks to Calgary’s formula relying on a variable rate. This led to $186 million more in fees being collected by the City of Calgary than expected.
To protect Alberta’s ratepayers, the Government of Alberta is introducing the Utilities Affordability Statutes Amendment Act, 2024. If passed, this legislation would promote long-term affordability and predictability for utility bills by prohibiting the use of variable rates when calculating municipalities’ local access fees. Variable rates are highly volatile, which results in wildly fluctuating electricity bills. When municipalities use this rate to calculate their local access fees, it results in higher bills for Albertans and less certainty in families’ budgets. These proposed changes would standardize how municipal fees are calculated across the province, and align with most municipalities’ current formulas.
If passed, the Utilities Affordability Statutes Amendment Act, 2024 would prevent municipalities from attempting to take advantage of Alberta’s ratepayers in the future. It would amend sections of the Electric Utilities Act and Gas Utilities Act to ensure that the Alberta Utilities Commission has stronger regulatory oversight on how these municipal fees are calculated and applied, ensuring Alberta ratepayer’s best interests are protected.
If passed, this legislation would also amend sections of the Alberta Utilities Commission Act, the Electric Utilities Act, Government Organizations Act and the Regulated Rate Option Stability Act to replace the terms “Regulated Rate Option”, “RRO”, and “Regulated Rate Provider” with “Rate of Last Resort” and “Rate of Last Resort Provider” as applicable. Quick facts
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