AB-012: Bill 12: Financial Statutes Amendment Act, 2025 (No. 2) ($)

The most significant business-facing change is the new Data Centre Levy in Part 9.1 of the Alberta Corporate Tax Act, which affects operators of large data centres or co-location facilities in Alberta with 75 MW or more of electricity capacity — think hyperscale cloud providers, AI computing farms, crypto mining operations, and large digital infrastructure companies. These operators will face an annual levy calculated on the cost of their computing equipment, with rates varying based on equipment age and how much of their power comes from the grid versus new generation capacity, and must file returns and pay the levy within 14 months after each calendar year end. Separately, tobacco retailers, distributors, and importers in Alberta face tightened penalty rules for possessing or selling unmarked or black-market tobacco products. Businesses involved in securities disclosure in Alberta — particularly public issuers and their advisors — should note expanded definitions of forward-looking information and new regulation-making powers around trading communications and climate-related disclosure liability.