Alberta
Premier Smith urges Albertans to watch her full remarks on new gender identity policies
Preserving choice for children and youthAlberta’s government is introducing policies to make sure children are supported as they grow into adults to become the people they want to be. The government is introducing policies across several ministries to preserve the choices children and youth have before potentially making life-altering and often irreversible adult decisions involving the alteration of their biological sex while also ensuring women and girls have the opportunity to participate safely and meaningfully in sport. In addition, the government will improve access to health services for Alberta’s transgender community and social supports for children identifying as transgender and their families. Supports for transgender adultsHealth care supports for transgender Albertans are critically important, which is why the government is working to bring medical professionals who specialize in pre- and post-operative transgender care for adults to Alberta. Having this expertise in the province will ensure transitioning Albertans have improved access to an Alberta-based medical expert to assist them with their unique and complex medical needs without having to travel to Quebec, which is currently the practice. In addition, Alberta Health will develop a private registry of medical professionals who specialize in this field to make it easier for transgender Albertans to access needed medical treatment and care. Child-and youth-centred policiesIn the coming months, Alberta’s government will implement the following health policies related to children identifying as transgender:
As it relates to Alberta’s education system, the following reforms will be implemented:
Alberta’s government is also developing a counselling pilot project to help youth identifying as transgender and their families work through often difficult and complex issues and discussions. Women, girls and transgender athletesFinally, as it relates to women, girls and transgender female athletes, Alberta’s government will work with sporting organizations in the province to ensure biologically born female athletes are able to compete in a biological female-only division without having to compete against transgender female athletes while also expanding co-ed or other gender-neutral divisions for athletic competitions to ensure that transgender athletes are able to meaningfully participate in the sport of their choice. |
Alberta
Alberta government should eliminate corporate welfare to generate benefits for Albertans
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.
Authors:
Alberta
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