Non-renewable resources are public resources, and companies who extract them for a profit should pay the public for them.
An earlier version of this article misrepresented data from the 2020–2021 fiscal update.
Through royalty adjustments, the provincial government reduces royalty rates for fossil fuel companies, which they hope will encourage new oil and natural gas reserves and improve the longevity of already existing reserves.
The person who wanted to limit access to some aspects of palliative care in Alberta will be responsible for determining how funding is spent on palliative care, potentially including end-of-life care.
And with lower demands driven by a still ongoing pandemic, we might not see oil prices rising significantly for some time.
We’ve received roughly the same amount in federal transfer payments over the last 13 years as we have royalties, with each of them bringing in a little over 15.5% of the total revenue.
10 industries generated 83.5% of corporate income tax revenue collected by the Alberta government in 2019. Guess which one didn’t make the list.
Personal income tax and transfer payments from Ottawa will be the largest sources of income for the UCP government this year. If it wasn’t for them, the provincial debt would be much higher.
The federal government announced upcoming changes to income support benefits it’s providing to Canadian workers. But something’s still missing.
Conservative governments cut expenses to save money from reduced revenues, because of their tax cuts, which are cut to increase profits for companies.