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Alberta

Apply for Provincial Inflation Relief: Portal for families, seniors, vulnerable Albertans opens January 18

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Inflation relief portal and payments coming soon

Monthly $100 affordability payments for families, seniors, and vulnerable Albertans will be released soon, and Albertans can act now to get ready.

Alberta’s economy has recovered strongly, but many people are struggling to heat their homes and feed their families. Alberta’s government has responded with the largest inflation relief package in Canada, with significant broad-based and targeted supports. Starting this month, six months of affordability payments will begin for Albertans through an application and distribution system that is fast, effective and safe.

Starting January 18, seniors 65 or older who are not receiving the Alberta Seniors Benefit and eligible parents with children under 18 can apply online through the government portal or in person at locations across the province for $600 in monthly affordability payments.

In order to use the portal, eligible parents and seniors will be required to have a Verified Account. To ensure that the application process is as smooth as possible, Albertans should sign-up for their Verified Account or confirm they have an existing Verified Account with accurate information as soon as possible.

Many Albertans receiving these targeted relief payments are automatically enrolled for the program and do not need to apply to receive the benefit.

Along with Foster and Kinship Caregivers, anyone currently receiving regular monthly benefits through Assured Income for the Severely Handicapped (AISH), Income Support or Alberta Seniors Benefit, or receiving services through the Persons with Developmental Disabilities (PDD) program will automatically receive their first payment starting January 31.

Affordability payments for AISH, Income Support and PDD clients

All clients accessing AISH, Income Support or PDD are automatically enrolled in the program and do not need to sign up to receive their benefits. They will receive their first $100 payments starting January 31.

  • Payments will be delivered the same way as a client’s regular monthly benefits, whether by automatic deposit or a physical cheque.
  • Payments will be delivered by physical cheque for existing PDD clients who are not receiving AISH or Income Support benefits.
  • Beneficiaries will also be notified directly about their enrollment in the payment program and related information.
  • These payments will be treated as exempt income by the AISH and Income Support programs and will not impact eligibility or financial benefits.
  • Parents in these programs with children under 18 can also receive $600 in additional payments per child. They will need to apply online or in person for these payments starting January 18.

Affordability payments for seniors

All Albertans 65 or older with household incomes below $180,000 will soon be eligible for $600 over six months in monthly affordability payments.

Albertans receiving the Alberta Seniors Benefit are automatically enrolled in the program and do not need to sign up to receive their benefits. The distribution of additional monthly payments will begin January 31.

Eligible seniors who are not receiving the Alberta Seniors Benefit will need to apply for affordability payments by creating or confirming their Verified Account and applying for benefits via the online portal or in person at a registry office or through Alberta Supports when the portal opens on January 18.

Affordability payments for parents or guardians caring for children under 18

Families with household incomes below $180,000 per year will soon receive a total of $600 for each dependent child under 18 over six months. Eligible parents can apply for affordability payments by creating or confirming their Verified Account and applying for benefits via the online portal or in person at a registry office or through Alberta Supports when the portal opens on January 18.

Affordability payments for foster and kinship caregivers caring for children under 18

Eligible kinship or foster caregivers caring for a child under the age of 18 are automatically enrolled in the program and do not need to sign up to receive their affordability payments. They will receive their first payments at the end of January.

  • Payments will be delivered the same way as regular monthly benefits, whether by automatic deposit or physical cheque.
  • Monthly payments will be rolled out starting January 31.

Alberta’s government is delivering immediate cost of living and inflation relief while also working to support long-term affordability. Albertans can learn more about all the broad-based and targeted affordability relief programs online.

Quick facts:

  • Alberta’s government will use CRA 2021 tax data to verify eligibility based on income.
  • Applications can be submitted until June 30, with payments being retroactive to include previous months when a person was eligible.
  • Once the application process is successfully completed, most Albertans will receive payments at the end of that month. Exact timing will vary for each individual.
  • Alberta has had verified accounts since 2015 as a way for Albertans to safely and securely access a growing number of government services.
  • As with all online accounts, Albertans should use strong passwords and not share their password with anyone else. Tips on how to create a strong password are available on the Government of Alberta site.
  • The Alberta government will not send texts or emails asking Albertans to submit personal or banking information to receive payments.

Additional information, including a video and answers to questions, is available at alberta.ca/affordable.

“Our government is committed to keeping Alberta affordable. By the end of January, most Alberta seniors and families will be able to apply for and receive monthly affordability payments that will provide real relief and help to offset inflationary pressures.”

Matt Jones, Minister of Affordability and Utilities
Alberta’s government has heard loud and clear that families, seniors and vulnerable Albertans need relief, and the approach we’ve taken ensures they get that support now. We have designed a secure system that will allow eligible Albertans to apply for benefits quickly and easy. Our top priorities during development of the inflation relief portal were privacy, security and accessibility. I’m proud of the work our civil servants have done over the last two months to bring this much-needed program to life.”
Nate Glubish, Minister of Technology and Innovation

“As we all know, rising prices are putting pressure on household budgets, making it harder for families to pay their bills. Alberta’s government refuses to allow children to pay the price of inflation. The inflation relief payment will help reduce some of the financial pressures on Alberta families so that all parents, including foster and kinship caregivers, will not have to choose between buying food and paying bills. We are hoping that this additional support will allow kids to be kids and enjoy the fun activities they love.”

Mickey Amery, Minister of Children’s Services

“Affordability for Albertans is a top priority for our government, especially for seniors and those living with disabilities. With critical steps such as targeted relief payments, we are helping millions of individuals and families meet their basic needs and offset the impact of today’s inflation.”

Jeremy Nixon, Minister of Seniors, Community and Social Services

Alberta

Game changer: Trans Mountain pipeline expansion complete and starting to flow Canada’s oil to the world

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Workers complete the “golden weld” of the Trans Mountain pipeline expansion on April 11, 2024 in the Fraser Valley between Hope and Chilliwack, B.C. The project saw mechanical completion on April 30, 2024. Photo courtesy Trans Mountain Corporation

From the Canadian Energy Centre

By Will Gibson

‘We’re going to be moving into a market where buyers are going to be competing to buy Canadian oil’

It is a game changer for Canada that will have ripple effects around the world.  

The Trans Mountain pipeline expansion is now complete. And for the first time, global customers can access large volumes of Canadian oil, with the benefits flowing to Canada’s economy and Indigenous communities.  

“We’re going to be moving into a market where buyers are going to be competing to buy Canadian oil,” BMO Capital Markets director Randy Ollenberger said recently, adding this is expected to result in a better price for Canadian oil relative to other global benchmarks. 

The long-awaited expansion nearly triples capacity on the Trans Mountain system from Edmonton to the West Coast to approximately 890,000 barrels per day. Customers for the first shipments include refiners in China,  California and India, according to media reports.  

Shippers include all six members of the Pathways Alliance, a group of companies representing 95 per cent of oil sands production that together plan to reduce emissions from operations by 22 megatonnes by 2030 on the way to net zero by 2050.  

The first tanker shipment from Trans Mountain’s expanded Westridge Marine Terminal is expected later in May.

Photo courtesy Trans Mountain Corporation

 The new capacity on the Trans Mountain system comes as demand for Canadian oil from markets outside the United States is on the rise.  

According to the Canada Energy Regulator, exports to destinations beyond the U.S. have averaged a record 267,000 barrels per day so far this year, up from about 130,000 barrels per day in 2020 and 33,000 barrels per day in 2017. 

“Oil demand globally continues to go up,” said Phil Skolnick, New York-based oil market analyst with Eight Capital.  

“Both India and China are looking to add millions of barrels a day of refining capacity through 2030.” 

In India, refining demand will increase mainly for so-called medium and heavy oil like what is produced in Canada, he said. 

“That’s where TMX is the opportunity for Canada, because that’s the route to get to India.”  

Led by India and China, oil demand in the Asia-Pacific region is projected to increase from 36 million barrels per day in 2022 to 52 million barrels per day in 2050, according to the U.S. Energy Information Administration. 

More oil coming from Canada will shake up markets for similar world oil streams including from Russia, Ecuador, and Iraq, according to analysts with Rystad Energy and Argus Media. 

Expanded exports are expected to improve pricing for Canadian heavy oil, which “have been depressed for many years” in part due to pipeline shortages, according to TD Economics.  

Photo courtesy Trans Mountain Corporation

 In recent years, the price for oil benchmark Western Canadian Select (WCS) has hovered between $18-$20 lower than West Texas Intermediate (WTI) “to reflect these hurdles,” analyst Marc Ercolao wrote in March 

“That spread should narrow as a result of the Trans Mountain completion,” he wrote. 

“Looking forward, WCS prices could conservatively close the spread by $3–4/barrel later this year, which will incentivize production and support industry profitability.”  

Canada’s Parliamentary Budget Office has said that an increase of US$5 per barrel for Canadian heavy oil would add $6 billion to Canada’s economy over the course of one year. 

The Trans Mountain Expansion will leave a lasting economic legacy, according to an impact assessment conducted by Ernst & Young in March 2023.  

In addition to $4.9 billion in contracts with Indigenous businesses during construction, the project leaves behind more than $650 million in benefit agreements and $1.2 billion in skills training with Indigenous communities.   

Ernst & Young found that between 2024 and 2043, the expanded Trans Mountain system will pay $3.7 billion in wages, generate $9.2 billion in GDP, and pay $2.8 billion in government taxes. 

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Alberta

Alberta government should eliminate corporate welfare to generate benefits for Albertans

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From the Fraser Institute

By Spencer Gudewill and Tegan Hill

Last November, Premier Danielle Smith announced that her government will give up to $1.8 billion in subsidies to Dow Chemicals, which plans to expand a petrochemical project northeast of Edmonton. In other words, $1.8 billion in corporate welfare.

And this is just one example of corporate welfare paid for by Albertans.

According to a recent study published by the Fraser Institute, from 2007 to 2021, the latest year of available data, the Alberta government spent $31.0 billion (inflation-adjusted) on subsidies (a.k.a. corporate welfare) to select firms and businesses, purportedly to help Albertans. And this number excludes other forms of government handouts such as loan guarantees, direct investment and regulatory or tax privileges for particular firms and industries. So the total cost of corporate welfare in Alberta is likely much higher.

Why should Albertans care?

First off, there’s little evidence that corporate welfare generates widespread economic growth or jobs. In fact, evidence suggests the contrary—that subsidies result in a net loss to the economy by shifting resources to less productive sectors or locations (what economists call the “substitution effect”) and/or by keeping businesses alive that are otherwise economically unviable (i.e. “zombie companies”). This misallocation of resources leads to a less efficient, less productive and less prosperous Alberta.
And there are other costs to corporate welfare.

For example, between 2007 and 2019 (the latest year of pre-COVID data), every year on average the Alberta government spent 35 cents (out of every dollar of business income tax revenue it collected) on corporate welfare. Given that workers bear the burden of more than half of any business income tax indirectly through lower wages, if the government reduced business income taxes rather than spend money on corporate welfare, workers could benefit.

Moreover, Premier Smith failed in last month’s provincial budget to provide promised personal income tax relief and create a lower tax bracket for incomes below $60,000 to provide $760 in annual savings for Albertans (on average). But in 2019, after adjusting for inflation, the Alberta government spent $2.4 billion on corporate welfare—equivalent to $1,034 per tax filer. Clearly, instead of subsidizing select businesses, the Smith government could have kept its promise to lower personal income taxes.

Finally, there’s the Heritage Fund, which the Alberta government created almost 50 years ago to save a share of the province’s resource wealth for the future.

In her 2024 budget, Premier Smith earmarked $2.0 billion for the Heritage Fund this fiscal year—almost the exact amount spent on corporate welfare each year (on average) between 2007 and 2019. Put another way, the Alberta government could save twice as much in the Heritage Fund in 2024/25 if it ended corporate welfare, which would help Premier Smith keep her promise to build up the Heritage Fund to between $250 billion and $400 billion by 2050.

By eliminating corporate welfare, the Smith government can create fiscal room to reduce personal and business income taxes, or save more in the Heritage Fund. Any of these options will benefit Albertans far more than wasteful billion-dollar subsidies to favoured firms.

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