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Industry leader lauds Edmonton's proposed industrial investment plan
Source: Alberta - Edmonton Journal (Legislature & Capital)
Date: 2026-10-21 20:53:29.0
Tags: [Alberta, Municipal, Economy, Taxation, Industry, Infrastructure]The City of Edmonton is considering a new industrial investment plan during its upcoming four-year budget deliberations to stimulate non-residential tax growth and job creation. Proposed incentives include a 25 per cent property tax forgiveness for three years for new industrial builds—costing the city roughly $1 million annually while opening up 15 hectares of land per year—and a $23 million four-year 'first mover' plan allowing developers to apply for municipal infrastructure cost reimbursements. Panattoni Development vice-president Mark Edwards lauded the initiatives, noting they will help overcome investment freezes and competition from surrounding municipalities with lower service costs. Currently, only 2.6 per cent of Edmonton's industrial land is shovel-ready, falling short of the city's 4.5 per cent target.
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Minister Pardy Tables 2025-26 Public Accounts
Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-16 16:05:45.0
Tags: [Newfoundland and Labrador, Finance, Economy, Taxation, Infrastructure]The Government of Newfoundland and Labrador released its independently audited 2025-26 Public Accounts ahead of the November 1 statutory deadline, revealing a deficit of $377.6 million, which is $5.8 million higher than originally budgeted. Total revenue exceeded the budget by $420.8 million, bolstered by offshore royalties reaching $1.7 billion—approximately $350 million higher than the previous year—along with increased taxation and federal revenues. The province invested approximately $774 million in capital acquisitions for public infrastructure, transportation assets, health care facilities, and schools, while net debt at year-end was approximately $434 million lower than originally budgeted and the unfunded pension liability declined by approximately $483 million.
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B.C. economy shows resilience in first quarterly report
Source: British Columbia - Government News
Date: 2026-09-14 19:30:00.0
Tags: [British Columbia, Economy, Finance, Taxation, Infrastructure, Emergency]British Columbia's First Quarterly Report for 2026-2027 projects a provincial deficit of $13.8 billion—$450 million higher than Budget 2026—driven by an intense wildfire season with fire-management expenditures forecast at $614 million higher than budget and $458 million in higher refundable tax credits. Total provincial revenue is forecast at $86.3 billion, bolstered by corporate and personal income taxes, while real GDP growth for 2026 is forecast at 0.9% amid U.S. tariffs and global volatility. Taxpayer-supported capital spending is maintained at $12.9 billion for projects including the Quw’utsun Valley Hospital, the new St. Paul’s Hospital, and Highway 1 Colquitz River Bridges widening, alongside eight newly approved major capital projects.
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'Balancing act': City juggles split views and steep costs in budget feedback
Source: Alberta - Edmonton Journal (Legislature & Capital)
Date: 2026-09-08 22:38:09.0
Tags: [Municipal, Finance, Taxation, Economy, Infrastructure]The City of Edmonton presented its city-wide budget feedback report for the upcoming four-year budget cycle, highlighting competing public priorities between maintaining infrastructure like roads and keeping property taxes low. City planners reported a current year-to-date financial surplus of $106.4 million, projected to narrow to roughly $500,000 by year-end, while acknowledging that impending U.S. tariffs and heavy summer rain damage present emerging cost risks. Mayor Andrew Knack and city councillors noted ongoing tensions regarding funding levels for police, public transit, and core services amid rising operational inventories and inflationary pressures.
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