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Part of New and proposed legislation

Updating financial laws

Bill 12 would make practical, targeted updates to ensure Alberta’s laws remain modern, efficient and responsive to the needs of Albertans.

Status: Bill 12 was introduced on November 25, 2025
Ministry responsible: Treasury Board and Finance

Overview

If passed, the Financial Statutes Amendment Act (No. 2), 2025 will improve how government works and advance government priorities to attract investment, support vulnerable Albertans and strengthen the economy.

These changes will help us serve Albertans better by improving program delivery, adding protections for investors, combating issues around contraband tobacco and better supporting vulnerable Albertans.

Key changes

If passed, Bill 12, the Financial Statutes Amendment Act (No. 2), will amend the following legislation:

  • Securities Amendment Act

    Proposed changes would:

    • protect companies from unfair lawsuits related to climate disclosures
    • create penalties for spreading misinformation that could harm the stock market
    • enable the Alberta Securities Commission to halt trading when false information is circulating

  • Tobacco Tax Amendment Act

    Proposed changes would:

    • introduce fines for contraband tobacco products of 3 times the tax normally paid on legal tobacco
    • require law enforcement to report seizures of illegal tobacco to the Ministry of Treasury Board and Finance

  • Alberta Corporate Tax Amendment Act

    Proposed changes would implement the provincial data centre levy framework, which includes a levy on the value of computer equipment for large data centres (with 75 megawatts of power or more).

  • AIMCo Amendment Act

    Proposed amendments to the AIMCo Act would protect taxpayers from financial risk arising from past investment decisions made by the prior AIMCo leadership.

  • Heroes’ Compensation Amendment Act

    Proposed changes would increase the annual funding limit for the Alberta Heroes’ Fund for First Responders from $1.5 million to $3 million.

  • Alberta Indigenous Opportunities Corporation Amendment Act

    Proposed changes would confirm government financial backing for any potential financial liabilities of the Alberta Indigenous Opportunities Corporation.

  • Assured Income for the Severely Handicapped Amendment Act

    Proposed changes would provide legislative authority for the new Alberta Disability Assistance Program, alongside the Assured Income for the Severely Handicapped (AISH) program, empowering Albertans with disabilities to pursue fulfilling job opportunities while continuing to receive supports they need.

  • Public Trustee and Adult Guardianship Amendment Acts

    Proposed changes would:

    • modernize these 2 key pieces of legislation that guide decision-making and asset management for vulnerable Albertans
    • improve services for vulnerable Albertans, refine asset management powers and enable more timely support

  • Minor amendments

    Proposed changes would:

    • enable the Legislative Assembly Office to issue remuneration to Parliamentary Secretaries at rates prescribed by the Lieutenant Governor in Council
    • update personal income tax, pension plans and fiscal sustainability legislation for clarity and alignment with federal rules

Read the Bill 12 Financial Statutes Amendment Act (No. 2), 2025 fact sheet for a complete list of proposed changes.

Next steps

If passed, Bill 12, the Financial Statutes Amendment Act (No. 2), 2025 will take effect upon various dates.

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