Alberta Budget News and Responses

Budget 2018
Read the budget speech
Budget Highlights
Watch the budget livestream
Watch the pre-budget news conference
Listen to the pre-budget news conference

CCVO’s pre-budget submission – informed by nonprofit sector input – asked the Government to think and spend differently in the provincial budget. The value and importance of the nonprofit sector was highlighted in Budget 2018 released yesterday, however, there continues to be more opportunity to move beyond the status quo and think differently about public finances to more sustainably serve Alberta’s communities. Click here to read more about CCVO’s initial reaction to Alberta Budget 2018 and what it means for our communities.

Drache Aptowitzer LLP Crisis Averted By:  Adam Aptowitzer

In our review of Budget 2018, we made some comments related to the concept of prescribed universities. Readers may recall that the Income Tax Act has, for many years, contained an allowance that certain foreign universities would be considered as qualified donees in Canada (akin to registered charities) if they met certain requirements. Several years ago, Parliament effectively created a secondary registration mechanism for these types of foreign universities. And in the most recent budget Parliament effectively removed the designation of ‘prescribed universities’ so that there was only one process. Our concern, as noted here, was that the technical…

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