Advertisement

Alberta budget 2020 winners and losers

Click to play video 'Alberta budget 2020: Everything you need to know in 1 minute' Alberta budget 2020: Everything you need to know in 1 minute
WATCH ABOVE: The 2020 Alberta budget was tabled Thursday afternoon. Here is everything you need to know in less than one minute. – Feb 27, 2020

Alberta’s United Conservative government tabled its 2020-21 budget Thursday. Here is a look at who might be pleased and who won’t be so happy:

Winners

Techies: The province is investing $200 million to fund innovation and leverage partners in areas like artificial intelligence, machine learning, aviation, tourism and financial tech.

READ MORE: Highlights from Alberta budget 2020

Filmmakers: There will be $97 million over three years for an Alberta Film and Television Tax Credit to attract medium and large TV and film productions to Alberta.

Airlines: Alberta will enact regulatory changes to permit increased airline traffic and services with airlines that have a significant presence in the province, and will work with post-secondary schools to address a shortage of pilots.

READ MORE: Alberta Budget 2020: What does it mean for Edmonton?

Story continues below advertisement

Tourists: Alberta is developing a 10-year tourism strategy with the goal of doubling tourism spending to $20 billion by 2030.

Losers

Vapers: A new 20 per cent tax is to be introduced on vaping devices and liquids to discourage youth.

Online renters: The four per cent tourism levy will be extended to online marketers, like Airbnb, to level the playing field with traditional rentals.

Click to play video 'Notley says budget deficit ‘does not inspire confidence’' Notley says budget deficit ‘does not inspire confidence’
Notley says budget deficit ‘does not inspire confidence’ – Feb 27, 2020

Public sector workers: The government plans to hold the line on salary hikes for public sector workers, while continuing to reduce jobs, mainly through attrition.

READ MORE: Public sector supporters rally at Alberta legislature as provincial budget is tabled

Story continues below advertisement

Fairs: Money for the Calgary Stampede and Edmonton’s Northlands, which hosts K-Days, drops to $9 million from $11.2 million.

Click to play video 'A closer look at Alberta’s 2020 budget' A closer look at Alberta’s 2020 budget
A closer look at Alberta’s 2020 budget – Feb 27, 2020