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Alberta's Prosperity Bonus, nicknamed Ralph bucks after then-premier Ralph Klein, was a one-time $400 payment paid out to almost 3 million Albertan residents in 2006. [1] The Government of Alberta paid a dividend to residents of Alberta due to a massive oil-fuelled provincial budget surplus.
GCSurplus is a Canadian government department responsible for handling moveable Crown assets that a federal department or agency has declared as surplus under the Surplus Crown Assets Act (R.S., c. S-20, s. 1). [1] Surplus assets are typically auctioned off to the public through the GCSurplus website. [2]
In spite of the high incomes and large income from corporate taxes, Alberta has an income tax rate that is much lower than the Canadian average, but by 2017, it also had a $10.5-billion deficit. Tombe said that if Alberta had a tax rate similar to the Canadian average, the province would have a surplus not a deficit. [28]
Alberta still initially enjoyed an economic surplus due to high oil prices, but the surplus was heavily reduced by the NEP, which, in turn, stymied many of Lougheed's policies for economic diversification to reduce Alberta's dependence on the cyclical energy industry, such as the Alberta Heritage Savings Trust Fund, and also left the province ...
Public agencies in Alberta are organizations linked to particular government ministries of the Executive Council of Alberta, operating under their direction and mandate.. Their functions are roughly equivalent to federal crown corporat
One of the Alberta's government's major legislations in terms of jurisdiction over the Energy Resources and Conservation Board (ERCB) was the 1960 Gas Utilities Act. [15] In 1961, new provincial air-quality standards were introduced limiting hydrogen sulphide and sulphur dioxide emissions. [15]
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In response to the provincial government's 2013-2014 budget, Anderson and the Official Opposition authored and released the Wildrose Financial Recovery Plan, which claimed it would eliminate operating deficits restore a government surplus by 2014. [6]
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