COVID-19 Updates: Taking steps to return to normal.
“It’s welcome to see job increases for the third straight month, with 187,000 Albertans returning to work over this period.
“But we know that far too many Alberta families are still out of work and worried about their futures. The global pandemic and the opportunistic Russia-Saudi oil price war has sent shock waves throughout the world economy, and Alberta is not immune from the effects. What’s more, many Albertans have never fully recovered from the downturn in 2014-15.
“We must remain vigilant in combatting COVID-19. At the same time, Alberta’s government is pursuing our ambitious recovery plan, including:
- A record-setting $10 billion investment in infrastructure spending.
- Accelerating the Job Creation Tax Cut (the lowest corporate tax in Canada) to ensure Alberta remains the best place for employer investment in Canada.
- Introducing the Innovation Employment Grant, a refundable tax credit targeted at smaller companies to encourage technology and investment in Alberta.
- Investing almost $28 million to create jobs and spur investment in the agriculture and agri-food industries.
- Launching the Invest Alberta Corporation to boost investment attraction efforts in key markets, such as energy, agriculture, tourism, technology, aviation, aerospace and financial services, with major partners around the globe.
“While some demand that Alberta hike taxes on job creators by a whopping 50 per cent, we’ve seen before the disastrous effects of such policies in economically uncertain times. Alberta’s government will not pursue the destructive policies of the past.”