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Alberta

Alberta Budget 2024 – Employment

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Budget 2024: Maintaining Alberta’s economic advantage

Budget 2024 is a responsible plan that maintains Alberta’s competitive advantage so businesses and industry can continue to innovate, thrive and create jobs.

Budget 2024 puts Alberta on a path of continued economic growth through funding that supports creating jobs, attracting investment and developing a skilled and diversified workforce. Strategic investments will empower job creators and innovators to invest, grow and flourish in Alberta’s diversifying economy.

“Budget 2024 reaffirms our commitment to diversify, attract new investment and provide more jobs that keep Alberta’s engine humming. Strategic investments that support the growth of Alberta cities and promote apprenticeship programming and emission reduction technology will help create more opportunities to build an even stronger Alberta.”

Nate Horner, President of Treasury Board and Minister of Finance

Alberta remains a key driver of Canada’s economic prosperity, accounting for 22 per cent of all jobs created in the country last year, despite having just 12 per cent of the population. Compared with other provinces, Alberta has the highest weekly earnings and the lowest taxes, offering many incentives to newcomers seeking a great place to call home.

To further build on these advantages, Budget 2024 introduces the Alberta is Calling attraction bonus, a $5,000 refundable tax credit aimed at attracting out-of-province workers in the skilled trades. A total of $10 million will be provided to workers.

“The Alberta is Calling attraction bonus will support our government’s commitment to build a skilled and resilient labour force that helps businesses and the economy thrive. We will continue to foster the conditions for growth to ensure Alberta remains the best place to live, work, invest, do business and raise a family.”

Matt Jones, Minister of Jobs, Economy and Trade

Budget 2024 supports the sustainable growth of Alberta’s cities and communities. In addition to $724 million in municipal infrastructure funding through the Local Government Fiscal Framework in 2024-25, Budget 2024 launches the new Local Growth and Sustainability Grant, an application-based program that provides $60 million over three years to enable municipalities to fund infrastructure that supports economic development and addresses unique and emergent needs in their communities.

“We’re pleased to see so many people choosing to move to Alberta to experience the advantages this province has to offer, thanks in part to the strong communities we are supporting through predictable, sustainable funding. We also recognize the pressure this growth can put on local communities. The Local Growth and Sustainability Grant is part of our responsible plan to support a vibrant province and help communities respond to growth opportunities and acute sustainability challenges.”

Ric McIver, Minister of Municipal Affairs

As Alberta’s economy continues to grow, so does the need to sustain a vibrant and robust workforce to meet the needs of Alberta employers. Budget 2024 addresses current and future potential labour shortages by expanding skills and knowledge in key areas.

More than $100 million in new funding for apprenticeship programs will add 3,200 seats to help meet growing demand at Alberta’s post-secondary institutions. Another $361 million from the Budget 2024 Capital Plan will build and upgrade research and learning facilities in some of the province’s world-class post-secondary institutions. Investments include $63 million to renovate and expand the W.J. Elliott agricultural mechanics building at Olds College and $55 million to increase STEM programming capacity at the University of Calgary.

“Supporting growth in Alberta’s economy means ensuring no region is left behind. Our funding commitments to STEM programming at the University of Calgary and agriculture at Olds will create new opportunities for students in our rural economy and those studying in our largest urban centre.”

Rajan Sawhney, Minister of Advanced Education

The Alberta Petrochemicals Incentive Program (APIP) is helping turn the province into a top global producer of petrochemicals. The APIP provides grants to cover 12 per cent of eligible capital costs for Alberta-based petrochemicals projects. In 2023-24, three projects are expected to receive APIP grant payments totalling $116 million, helping to diversify Alberta’s economy and create jobs.

“Royalties collected from oil and gas fund the things Albertans rely on, like health, education and social services. Budget 2024 supports the government’s mission to strengthen investor confidence and support job creation in communities all while lowering emissions through the use of new technologies.”

Brian Jean, Minister of Energy and Minerals

 

Budget 2024 highlights

  • $597 million over three years from the province’s TIER (Technology Innovation and Emissions Reduction) fund to support a suite of programs that reduce emissions, support clean technology development, enhance climate resiliency and create jobs for Albertans.
  • $1.5 billion for child-care services, an increase of $200 million, enabling more Albertans with young children to participate in the workforce.
  • $32 million to build three new water intakes in the Designated Industrial Zone in Alberta’s Industrial Heartland, which will support long-term private investment opportunities in the area.
  • Almost $30 million over three years for the Aboriginal Business Investment Fund, an increase of nearly $8 million, to help fund business startup and expansion costs in Indigenous communities.

Budget 2024 is a responsible plan to strengthen health care and education, build safe and supportive communities, manage the province’s resources wisely and promote job creation to continue to build Alberta’s competitive advantage.

 

Alberta

Provinces should be cautious about cost-sharing agreements with Ottawa

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From the Fraser Institute

By Tegan Hill and Jake Fuss

According to Premier Danielle Smith, Alberta will withdraw from the federal government’s dental care plan by 2026 mainly because the plan would duplicate coverage already provided to many Albertans (although she plans to negotiate unconditional funding in lieu of being in the program). Indeed, all provinces should be wary of entering into such agreements as history has shown that Ottawa can reduce or eliminate funding at any time, leaving the provinces holding the bag.

In the 1990s, for instance, the federal government reduced health and social transfers to the provinces amid a fiscal crisis fuelled by decades of unrestrained spending and persistent deficits (and worsened by high interest rates). Gross federal debt increased from $38.9 billion in 1970/71 to $615.9 billion in 1993/94, at which point debt interest costs consumed roughly $1 in every $3 of federal government revenue.

In response to this debt crisis, the Chrétien Liberal government reduced spending across nearly all federal departments and programs. Over a three-year period to 1996/97, health and social transfers to the provinces were 51 per cent ($41.0 billion) less than what the provinces expected based on previous transfers. In other words, the provinces suddenly got a lot less money from Ottawa than they anticipated.

This should serve as a warning for the provinces who may find themselves on the hook for Ottawa’s big spending today. In the case of dental care, an area of provincial jurisdiction, the Trudeau government has earmarked $4.4 billion  annually for the provinces on an ongoing basis. However, any change in federal priorities or federal finances could swing the financial burden from Ottawa to the provinces to maintain the program.

The current state of federal finances only heightens this risk to the provinces. The federal government has run uninterrupted budget deficits since 2007/08, with total federal debt climbing from $707.3 billion in 2007/08 to a projected $2.1 trillion in 2024/25. The current government—or perhaps a future reform-minded government focused on balancing the budget—could reduce transfers to the provinces.

The Trudeau government has committed to significant new funding in areas of provincial jurisdiction, but provincial policymakers would do well to understand the risks of entering into such agreements. Ottawa can unilaterally reduce or eliminate funding at any point, leaving provinces to either assume the unexpected financial burden through higher taxes or additional borrowing, or curtail the programs.

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Alberta

Just in time for Canada Day weekend! Crescent Falls ready to be enjoyed again

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The new staircase structure and viewing platform are among many upgrades that visitors can look forward to at the reopening Crescent Falls Provincial Recreation Area. (Credit: Alberta Parks).

The popular Crescent Falls Provincial Recreation Area reopens following a significant capital investment to improve visitor safety and experiences.

Crescent Falls Provincial Recreation Area is ready to welcome visitors back to enjoy one of the most remarkable, accessible waterfall viewing opportunities in Alberta. The upgrades at Crescent Falls will help improve the park’s visitor experience. Guests can expect expanded parking, improved access roads, trails and day use areas, new and improved viewing areas to take in the falls and upgraded safety measures, including signage and wayfinding.

The Provincial Recreation Area (PRA) is reopening over the July long weekend after being closed since 2023. Visitors will notice increased public safety upgrades through additions such as new parking lots, a new stair structure to access the lower falls, new pedestrian trails, a new vehicle bridge to access the camping area and a viewing platform to enjoy the Crescent Falls.

“We are thrilled to welcome visitors back to Crescent Falls Provincial Recreation Area in time for the Canada Day long weekend. These additions will help visitors to safely access and enjoy the area’s natural beauty. Parks are for people and Alberta’s government will continue to invest in high-quality outdoor recreation opportunities.”

Todd Loewen, Minister of Forestry and Parks

“Today marks a significant milestone for our community as we reopen the Crescent Falls Provincial Recreation Area following extensive upgrades. Our province is well known for its incredible natural beauty, and these improvements will make our backcountry more accessible and ensure that Albertans and those visiting our great province can continue to explore our stunning landscapes for years to come.”

Jason Nixon, MLA for Rimbey-Rocky Mountain House-Sundre
This project is part of an investment of more than $12 million to upgrade 13 sites along the David Thompson Corridor. The improvements at Crescent Falls will provide improved safety measures and better visitor access to and from popular tourist destinations in the area. Partners from Clearwater County, Rocky Mountain House and other organizations were critical in helping to move the upgrades forward. Clearwater County and its officials worked with Alberta Parks staff to advise on the upgrades needed around the area.

Alberta’s government is committed to reconciliation and acknowledges the significance of the land around Crescent Falls Provincial Recreation Area to the Stoney Nakoda First Nation. The completed upgrades reflect an ongoing commitment to creating more outdoor recreation opportunities while protecting the land’s natural and cultural values so it can be enjoyed by current and future generations.

“The Alberta Government’s reopening of Crescent Falls is a remarkable achievement for our region. This project not only enhances recreational opportunities, natural beauty and accessibility in our area but also means safer, more enjoyable visits for our citizens and visitors alike.”

Michelle Swanson, councillor, Clearwater County

“The Town of Rocky Mountain House is where adventure begins, and we are thrilled that Crescent Falls Provincial Recreation Area has reopened to the public in time for the summer adventure season. This is a wonderful day trip destination for visitors and residents alike setting out from Rocky Mountain House. The provincial investment has only improved its accessibility and safety, making it a must-see destination if you are in the area.”

Dale Shippelt, incoming deputy mayor, Rocky Mountain House

“Westward Bound Campgrounds is the proud facility operator of the Crescent Falls Provincial Recreation Area and we are very excited to see our campers and visitors return to its beauty. These upgrades will have a significant impact on enhancing guest satisfaction levels, providing unique and memorable camper and visitor experiences while providing a safe environment to enjoy spectacular scenery.”

Lonnie and Edena Earl, Westward Bound Campgrounds

This work is part of an ongoing commitment to creating more outdoor recreation and camping opportunities, building trails and facilities and ensuring Alberta’s provincial parks can be enjoyed by all Albertans.

Quick facts

  • The upgrades at Crescent Falls PRA include the following improvements:
    • Enlarging the existing parking area
    • Developing a new parking area for large RV vehicles
    • Upgrading the access roads down to the lower area
    • Installing a new pedestrian trail to the lower day use area
    • Installing a new vehicle crossing from the day use to the camping site
    • Upgrading and expanding the day use areas
    • Increasing signage
    • Installing additional toilets and bear-proof garbage bins
    • Developing a new stair structure to access the lower falls areas with a viewing platform
  • Enhancing safety features throughout the PRA. The upgrades were part of a significant capital investment of $12.3 million by Alberta’s government to address safety and experience opportunities in 13 key provincial recreation sites along the David Thompson Corridor. Along with Crescent Falls PRA, other sites that were upgraded include:
    • Bighorn Dam Recreation Area
    • The following 11 Public lands and parks sites:
    • Coliseum
    • Allstone
    • Abraham Slabs
    • Hoo Doo Creek
    • Coral Creek
    • Pinto Creek
    • Preachers Point
    • Cavalcade
    • Kinglet/Tuff Puff
    • Wildhorse
    • Owen Creek
  • Crescent Falls PRA is located 22 km west of Nordegg on Highway 11 and 6 km north on a gravel access road. Crescent Falls PRA has a first-come, first-served campground with 12 tent-only sites and 22 RV sites. The day use area includes multiple viewing platforms of the upper and lower falls and picnic tables with views of the river. Access to the lower day use area is available on a 0.8 km trail from the main parking area or, alternatively, from the Bighorn Canyon lookout via a 3 km trail. The lower day use area also has accessible-only parking stalls adjacent to the viewing platforms with an accessible vault toilet and picnic areas.

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