Alberta premier announces $2.4-billion affordability package

Assured income for the severely handicapped, seniors benefits to be re-indexed to inflation come January Janet French · CBC News · Posted: Nov 22, 2022 6:30 PM MT | Last Updated: 2 hours ago Alberta Premier Danielle Smith is introducing $100 monthly payments for six months to seniors, people with disabilities, and for each child under 18 in a family to assist with rising costs. (Jason Franson/The Canadian Press) 1221 comments Most Alberta families will get $600 for each child and senior citizen as part of a new affordability package coming from the provincial government. In a televised address Tuesday evening, Premier Danielle Smith also said the government will re-index social support programs to inflation in January. They include assured income for the severely handicapped (AISH), persons with developmental disabilities (PDD) and income support. It's part of a $2.4-billion affordability package Smith says will help all Albertans. "We can't solve this inflation crisis on our own, but due to our strong fiscal position and balanced budget, we can offer substantial relief so Albertans and their families are better able to manage through the storm," Smith said in her first televised address since becoming premier on Oct. 11. High oil and gas prices and increased tax revenue are expected to leave Alberta with a $13-billion surplus at the end of this fiscal year, according to first-quarter estimates. The government will release its second-quarter fiscal update this Thursday. High oil, gas prices put Alberta on track for $13.2B surplus, Kenney says In her address, Smith said her government will introduce an Inflation Relief Act in the legislature after it reconvenes next week. She said the steps her government is taking include: Seniors and families with dependent children under 18 will get $100 installations for six months for each child and senior. Only families with incomes below $180,000 per year are eligible PDD, AISH and income support recipients will also get the cash instalments The government will suspend all of the provincial fuel tax for at least the next six months. Right now, there is a discounted tax of 4.5 cents per litre on gasoline and diesel. Thereafter, the province will adjust the provincial gas tax depending on the price of oil, as in the existing relief program As previously promised by Smith's predecessor, Jason Kenney, the government will re-index provincial tax brackets to inflation. The move makes it less likely that a worker would be penalized on their taxes when receiving a slight bump in pay. The government will re-index for inflation AISH, PDD, income support, the seniors benefit and the Alberta Child and Family benefit starting in January 2023 An increased rebate on electricity bills for consumers that total $200 per household. Smith did not supply further details Smith pledged to "limit spikes" in electricity prices in winter and continue with a promised natural gas rebate program that would kick in if the price exceeds $6.50 per gigajoule. Invest in food banks and expand low-income transit passes. An announcement on food bank funding is scheduled for Wednesday in Calgary Alberta to partially reinstate provincial fuel tax, finance minister says Alberta using record-breaking resource windfall to pay back $13.4B in debt University of Calgary economics professor Trevor Tombe said the cash benefits to seniors and families with children will have the biggest benefit for the lowest-income Albertans who have been hit hardest by inflation. He said families with a couple of children could zimeye news zee news live hindi zuma latest news zelensky news news 0n 6 news 06 news 09 news 08 news 01040 news 03 news 01201 news 08690 news 08902 news 08/29/22 0pera news 0dia news 01 news hong kong 02 arena news 02 news 0bbc news 013 news 007 news 0404 news news 12 news 12 long island news 12 nj news 13 news 10 news 12 westchester news 12 bronx news 12 brooklyn news 12 hudson valley news 12 ct 1440 news 12 news 10tv news 19 action news 13 news 14 news 1011 news 1130 news

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