If passed, the Financial Statutes Amendment Act (No. 2), 2025 will improve government efficiency and advance government priorities to attract investment, support vulnerable Albertans and strengthen the economy.
These changes will help serve Albertans better by improving program delivery, adding protections for investors, combating issues around contraband tobacco and better supporting vulnerable Albertans.
“This legislation reflects our commitment to responsible fiscal management and ensures Alberta’s programs, investments and institutions continue to deliver results that matter to Albertans.”
Protecting investors, combating contraband tobacco
Included in the Financial Statutes Amendment Act are amendments to the Securities Act that would improve investor protection. Changes would include tools to help the Alberta Securities Commission prevent stocks from being impacted by the spread of false or misleading financial information online. These amendments would modernize Alberta’s securities laws to promote industry disclosure compliance.
Alberta’s government is also taking action to remove contraband tobacco from the province. Proposed changes to the Tobacco Tax Act would impose two new administrative penalties for the purchase, storage or sale of contraband tobacco. In addition, enforcement agencies would be mandated to report all seizures of illegal tobacco products to ensure consistent data collection and enforcement.
Support for vulnerable Albertans
If passed, this legislation would enable the new Alberta Disability Assistance Program (ADAP), offering increased flexibility and support for disabled Albertans. ADAP would allow disabled Albertans to receive the highest level of employment income in the country while continuing to receive financial benefits.
This legislation would also modernize the Adult Guardianship and Trusteeship Act and Public Trustee Act to better serve vulnerable individuals requiring assistance with personal or financial matters.
"With these amendments, we’re opening the door for people with disabilities to build the careers they want without having to sacrifice the supports they rely on, and we’re cleaning up outdated processes so families can get the help they need, when they need it."
Introducing Alberta’s AI data centre levy
The proposed bill includes a levy on data centre computer hardware of up to two per cent that would apply to data centres of 75 megawatts or greater, to be deductible from corporate income taxes paid in Alberta. This levy supports Alberta’s data centre strategy, which strengthens the province’s position as Canada’s most reliable, cost-competitive location for digital investment.
Expanding Alberta’s data centre capacity supports long-term economic growth by enabling innovation, creating high-quality jobs, and ensuring the province remains a leader in digital services and emerging technologies.
Support for first responders
The proposed legislation would increase the annual funding limit for the Alberta Heroes’ Fund for First Responders, to recognize the sacrifices of fallen first responders and secure stable funding for the years ahead.
Additional changes
If passed, the proposed amendments would also certify that Alberta’s government will financially backstop the payment of any liabilities of the Alberta Indigenous Opportunities Corporation (AIOC). These clarifications do not reflect a new position or approach. This is meant to provide certainty that Alberta’s government will continue to financially backstop the AIOC.
Proposed amendments to the Alberta Investment Management Corporation Act (AIMCo Act) would support AIMCo’s new leadership in delivering the best returns at low cost for clients, while also protecting taxpayer money. This change will protect taxpayers from financial risk arising from past investment decisions made by the prior AIMCo leadership.
Other housekeeping amendments are being proposed for the Alberta Personal Income Tax Act, Employment Pension Plans Act, Ensuring Fiscal Sustainability Act, Legislative Assembly Act and Joint Governance of Public Sector Pension Plans Act.
The Financial Statutes Amendment Act, 2025 aims to make practical, targeted updates to ensure Alberta’s laws remain modern, efficient and responsive to the needs of Albertans.
Related information
- Financial Statutes Amendment Act, No. 2, 2025
- Alberta Disability Assistance Program
- Alberta Investment Opportunities Corporation