Proposed amendments to the Financial Statutes Amendment Act, 2026 will focus supports on those most in need, attract investment, improve government efficiency and ensure Alberta’s laws remain responsive. The bill will also help build a solid insurance framework ahead of the new care-first auto insurance system being implemented in 2027.
“We’re focusing supports on those who need them most, creating the conditions for investment and laying the groundwork for a care-first auto insurance system. This legislation helps update our current frameworks, delivers real results and keeps this province strong and competitive.”
The Automobile Insurance Act and the Insurance Act
Alberta’s government is implementing a care-first auto insurance system to ensure Albertans receive better, faster and more reliable insurance coverage. To implement care-first, the province is making the necessary legislative changes to transition to the new model by Jan. 1, 2027.
If passed, amendments to the Automobile Insurance Act and the Insurance Act will strengthen Alberta’s insurance framework by improving clarity, transparency and consumer protections. This made-in-Alberta approach will reduce the time and money spent on litigation, helping deliver more stable and predictable auto insurance rates for drivers.
The Alberta Enterprise Corporation Act and the Alberta Research and Innovation Act
As part of Budget 2026, Alberta’s government is introducing amendments to the Alberta Enterprise Corporation Act and the Alberta Research and Innovation Act to enable Alberta Innovates and the Alberta Enterprise Corporation to co-invest as a minority partner in Alberta-based knowledge-based industry companies.
If passed, these amendments give Alberta Innovates and the Alberta Enterprise Corporation a new tool to help Alberta technology companies access the growth capital they need to scale, create jobs and compete globally while ensuring government investments are market-validated and generate returns for Albertans.
“Alberta’s best technology companies shouldn’t have to leave the province to find the growth capital they need to scale. These amendments enable Alberta Innovates and Alberta Enterprise Corporation to co-invest as minority partners alongside qualified private-sector investors who have already committed their own capital and completed their own due diligence. Public dollars follow private dollars into market-validated opportunities that create jobs, generate returns for Albertans and keep our most promising talent and intellectual property right here at home.”
The Seniors Benefit Act
Alberta’s government is supporting Alberta’s most vulnerable citizens while ensuring the long-term sustainability of critical social programs. Alberta’s seniors population is growing at an unprecedented pace, with more than one million Albertans projected to be seniors by 2035. Within 20 years, one in five Albertans will be over the age of 65; however, Alberta will continue to have the highest low-income threshold for seniors in Canada and offers amongst the highest benefit rates in the country.
If passed, amendments to the Seniors Benefit Act would enact the nine per cent threshold adjustment announced in Budget 2026 for non-deductible income under the seniors low-income threshold. Low-income seniors will continue to receive robust support through multiple programs, including monthly income supplements, accommodation supports and assistance for health expenses, home repairs and property taxes. This adjustment balances fiscal responsibility while protecting the long-term sustainability of programs seniors rely on.
“Alberta seniors built this province, and we’re backing them with more than $6.6 billion in supports this year alone. The unprecedented growth of our senior population is putting real pressure on the system, which is why we’re making sure that support goes to the people who need it most while still maintaining amongst the highest and most robust supports in the country – so all Albertans, including our most vulnerable, can live and age with dignity.”
Budget 2026 is focused on what matters, makes disciplined choices, and takes decisive action.
Related information
- Financial Statutes Amendment Act, 2026
- Alberta Seniors Benefit
- Alberta Enterprise Corporation
- Alberta Innovates
- Care-first auto insurance