Improving Albertans' Quality of Life
Putting Alberta’s growing savings to work for our future
Bill 1 creates the largest social innovation endowment in Canada, supports agriculture innovation and apprentices, and saves for future strategic opportunities.
The Alberta government is creating two new endowments to provide funding for social and agricultural innovation and enhancing the Alberta Heritage Scholarship Fund to support Alberta’s apprentices. Bill 1 also establishes the Alberta Future Fund, which will provide the government with the financial resources to take full advantage of new opportunities in the future. Read the news release (March 4, 2014).
Another strong quarter – Heritage Fund posts a 7.3 per cent return
in third quarter of 2013-14
The Alberta Heritage Savings Trust Fund posted an 11.6 per cent return for the first nine months of the 2013-14. Fiscal year to date, the fund earned $1.73 billion in gross income. At December 31, 2013, the Heritage Fund was valued at $17.3 billion. The Alberta Heritage Savings Trust Fund 2013-14 Third Quarter Update was released on February 26, 2014.
Since 1976, the Fund has contributed $34 billion to fund Albertans’ priorities like health care and education.
See the left-side menu above for more information about the Heritage Fund, or use the quick links below to access highlighted topics.
March 4, 2014: Putting Alberta’s growing savings to work for our future
February 26, 2014: 2013-14 Third Quarter Update
November 26, 2013: 2013-14 Second Quarter Update
August 29, 2013: 2013-14 First Quarter Update
June 27, 2013: 2012-13 Government and Heritage Fund Annual Reports