Notes on the British Columbia and Alberta Provincial Budgets
On Tuesday, February 21, 2017, Finance Minister Michael De Jong delivered British Columbia’s fifth consecutive balanced budget. On Thursday, March 16th, Alberta Finance Minister Joe Ceci delivered the 2017 Provincial Budget, which contains a number of provisions aimed at providing relief for Albertans despite a projected $10.3 billion deficit. Both budgets highlighted a number of initiatives aimed at providing support to provincial residents in the form of improved health care funding and tax credits designed to aid small and medium businesses, employment, and economic recovery. This memo presents some of the main features of these budgets that may be of interest to employers, plan sponsors, and employees.