Financial Statutes Amendment Act, 2026 (Unproclaimed and Not in Force Sections Only)

FINANCIAL STATUTES AMENDMENT ACT, 2026 Chapter 8 HIS MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: Alberta Enterprise Corporation Act Amends SA 2008 cA‑17.5 1 (1) The Alberta Enterprise Corporation Act is amended by this section. (2) Section 3 is amended (a) in subsection (2) by striking out “and” at the end of clause (a), by adding “and” at the end of clause (b) and by adding the following after clause (b): (c) to improve access to growth capital for knowledge‑based industries. (b) by repealing subsection (3)(a) and substituting the following: (a) make investments, including the purchase of shares or other forms of equity, (a.1) enter into joint ventures or partnerships, and (3) The following is added after section 3: Investments 3.1 For the purpose of section 3(3)(a), the Corporation may make investments only in accordance with (a) this Act, (b) the regulations, and (c) any terms and conditions imposed under section 5(2). (4) The following is added after section 13: Directives 13.1 The Minister may issue directives that the Corporation or the board, or both, must follow in carrying out their powers and duties under this Act and the regulations. Complying with directives 13.2 (1) In this section, “directive” means (a) a directive issued under section 13.1, (b) a directive issued by Treasury Board under the Financial Administration Act , (c) a policy set under section 10 of the Alberta Public Agencies Governance Act , and (d) any other directive or direction issued under another enactment. (2) The board shall ensure that any directive issued to or required to be followed by the board, and the Corporation shall ensure that any directive issued to or required to be followed by the Corporation, is implemented in a prompt and efficient manner and in accordance with section 12(1)(a), and compliance by the board or the Corporation, as the case may be, with any directive is deemed to be in compliance with section 12(1)(b). (5) Section 16 is amended (a) in clause (b) by adding “in relation to investment” after “entered into by the Corporation”; (b) by adding the following after clause (b): (b.1) respecting the entering into of joint venture or partnership arrangements by the Corporation; (6) This section comes into force on Proclamation. Alberta Research and Innovation Act Amends SA 2009 cA‑31.7 2 (1) The Alberta Research and Innovation Act is amended by this section. (2) Section 6.1(4) is repealed and the following is substituted: (4) Subject to any regulation made under section 7(2)(a)(ii) after the coming into force of this subsection, the objects of the research and innovation corporation established by subsection (3) are (a) to support research and innovation activities aligned with Government priorities, including, without limitation, activities directed at (i) the discovery, commercialization and application of knowledge, and (ii) the discovery, commercialization, monetization and protection of intellectual property, and (b) to increase access to growth capital for Alberta‑based companies whose research and innovation activities align with Government priorities. (3) Section 7 is amended (a) in subsection (1) (i) by striking out “either or both” and substituting “any”; (ii) by adding the following after clause (b): (c) to improve access to growth capital for Alberta‑based companies whose research and innovation activities align with Government priorities; (d) to foster the discovery, commercialization, monetization and protection of intellectual property developed by Alberta‑based companies whose research and innovation activities align with Government priorities by providing services and supports related to intellectual property to those companies. (b) in subsection (2) (i) by adding the following after clause (a): (a.1) respecting investment by the corporation and the terms and conditions of agreements entered into by the corporation in relation to investment; (a.2) respecting the use of investment returns received by the corporation; (ii) by adding the following after clause (c): (c.1) respecting the application of this Act and the regulations to any subsidiaries of the corporation; (4) The following is added after section 7: Research and innovation corporation funding 7.1 (1) The Minister may transfer to a research and innovation corporation money voted by the Legislature for the purposes of the corporation. (2) A transfer under subsection (1) is subject to any terms and conditions that the Minister considers advisable, including terms and conditions requiring the research and innovation corporation to pay returns earned on its investments to the General Revenue Fund. Investment 7.2 (1) Subject to the regulations, a research and innovation corporation may, for the purposes of achieving its objects or carrying out its functions, (a) make investments, including the purchase of shares or other forms of equity, and (b) enter into joint ventures or partnerships. (2) For the purpose of subsection (1)(a), a research and innovation corporation may make investments only in accordance with (a) this Act, (b) the regulations, and (c) any terms and conditions imposed under section 7.1(2). (5) Section 10 is repealed and the following is substituted: Directives 10 The Minister may issue directives that a research and innovation corporation or the board of directors of the corporation, or both, must follow in carrying out their powers and duties under this Act and the regulations. Complying with directives 10.1 (1) In this section, “directive” means (a) a directive issued under section 10, (b) a directive issued by Treasury Board under the Financial Administration Act , (c) a policy set under section 10 of the Alberta Public Agencies Governance Act , and (d) any other directive or direction issued under another enactment. (2) The board of directors of a research and innovation corporation shall ensure that any directive issued to or required to be followed by the board, and a research and innovation corporation shall ensure that any directive issued to or required to be followed by the corporation, is implemented in a prompt and efficient manner and in accordance with section 8(3)(a), and compliance by the board or the corporation, as the case may be, with any directive is deemed to be in compliance with section 8(3)(b). (6) This section comes into force on Proclamation. Seniors Benefit Act Amends RSA 2000 cS-7 5 (1) The Seniors Benefit Act is amended by this section. (2) Section 2.1 is amended (a) by repealing subsection (3) and substituting the following: (3) The maximum annual cash benefit referred to in section 4 of the Schedule is, (a) effective July 1, 2026, the amounts set out in the Schedule, and (b) effective January 1, 2027, the amounts adjusted annually in accordance with the Schedule. (3.1) The maximum annual supplementary accommodation assistance component referred to in section 5 of the Schedule is, (a) effective January 1, 2025, the amount set out in the Schedule or determined in accordance with the Schedule, and (b) effective January 1, 2026, the amount adjusted annually in accordance with the Schedule. (b) in subsection (7) by adding “(3.1),” after “subsections (3),”. (3) Section 2.2 is amended (a) by repealing subsection (4) and substituting the following: (4) A discontinuous special needs component of a benefit may be classified into primary funded items and secondary funded items and the following matters relating to the funded items may be designated in accordance with the regulations: (a) categories of primary funded items and secondary funded items; (b) additional eligibility criteria, factors and conditions that must be met in respect of each funded item; (c) the maximum number of each funded item that may be provided and the frequency with which each funded item may be provided to a person either annually or in a lifetime, or both. (b) by adding the following after subsection (5): (5.1) The maximum amount that may be paid for a primary funded item or a secondary funded item referred to in subsection (4), including whether that amount is subject to adjustment under subsection (5), may be designated in accordance with the regulations. (4) Section 6(i) and (j) are repealed and the following is substituted: (i) classifying, or authorizing the Minister to, by order, classify a discontinuous special needs component of a benefit into primary funded items and secondary funded items and designating, or authorizing the Minister to, by order, designate the matters referred to in section 2.2(4); (j) respecting the maximum amount that may be paid for a primary funded item or a secondary funded item referred to in clause (i), including authorizing the Minister to designate, by order, the maximum amount that may be paid for each funded item and whether that amount is subject to adjustment under section 2.2(5); (5) The Schedule is amended (a) in section 2 (i) by adding “, (3.1)(b)” after “section 2.1(3)(b)”; (ii) in clause (a) by striking out “for the previous calendar year” and substituting “as of December 31 of the previous calendar year”; (b) in section 4 by repealing Table 1 and substituting the following: Table 1 Accommodation and Relationship Category Percentage Maximum Annual Cash Benefit Homeowner Single senior Senior couple 17.14% 17.17% $3946 $5918 Renter Single senior Senior couple 17.14% 17.17% $3946 $5918 Lodge Resident Single senior Senior couple 17.14% 17.17% $3946 $5918 Continuing Care Home Single senior Senior couple 17.14% 17.17% $3946 $5918 All other Accommodation Single senior Senior couple 11.94% 15.94% $2749 $5496 (c) in section 5(5) by striking out “section 2.1(3)(b)” and substituting “section 2.1(3.1)(b)”; (d) in section 7(4) by striking out “by the formula” and substituting “by the following formula:”; (e) in section 8(1) (i) in clause (a) by striking out “$21 030” and substituting “$23 020”; (ii) in clause (b) by striking out “$31 480” and substituting “$34 460”; (f) in section 9 (i) in subsection (2) (A) in clause (b) (I) in subclause (i) by striking out “$28 150” and substituting “$32 690”; (II) in subclause (ii) by striking out “adjusted annually,”; (B) in clause (c) (I) in subclause (i) by striking out “$45 720” and substituting “$53 800”; (II) in subclause (ii) striking out “adjusted annually,”; (C) in clause (d) (I) in subclause (i) by striking out “$23 750” and substituting “$28 290”; (II) by repealing subclause (ii) and substituting the following: (ii) effective the benefit adjustment date of each benefit adjustment year, an amount calculated in accordance with the formula in subsection (2.1), (D) in clause (e) (I) in subclause (i) by striking out “$37 520” and substituting “$45 600”; (II) by repealing subclause (ii) and substituting the following: (ii) effective the benefit adjustment date of each benefit adjustment year, an amount calculated in accordance with the formula in subsection (2.1). (ii) by adding the following after subsection (2): (2.1) The amounts referred to in subsection (2)(d)(ii) and (e)(ii) for a benefit adjustment year are the amounts calculated by the following formula: H = I + (J – K) where H is the amount calculated for the purposes of subsection (2)(d)(ii) and (e)(ii) for a single senior or senior couple, as the case may be, for that benefit adjustment year; I is the amount in subsection (2)(d)(i) or (e)(i) or the amount calculated under subsection (2)(d)(ii) or (e)(ii) for a single senior or senior couple, as the case may be, for the benefit adjustment year immediately preceding that benefit adjustment year; J is the amount determined under subsection (2)(b)(ii) or (c)(ii) for a single senior or senior couple, as the case may be, for that benefit adjustment year; K is the amount in subsection (2)(b)(i) or (c)(i) or the amount determined under subsection (2)(b)(ii) or (c)(ii) for a single senior or senior couple, as the case may be, for the benefit adjustment year immediately preceding that benefit adjustment year. (6) This section comes into force on July 1, 2026.