Alberta Heritage Savings Trust Fund Meeting

The Alberta Heritage Savings Trust Fund was created in 1976 with savings from Alberta’s nonrenewable resources. It is Alberta’s main long-term savings account. For almost 50 years the Fund has been invested, with the aim to deliver the greatest financial returns for Alberta. The Fund is required to keep pace with inflation by retaining a portion of its net income every year. Historically, additional income earned by the Fund has been transferred to the province’s main operating fund, the General Revenue Fund, and used to diversify the economy and meet current needs. Since its inception it has contributed more than $45.8 billion to support spending in areas such as health care, education, infrastructure and social programs. In March 2023, the Alberta Heritage Savings Trust Fund Act was amended to allow additional income earned by the Heritage Fund to be retained in the Fund. This change contributed to record growth of the Fund in 2023-24. For more information about the Fund, including copies of its most recent quarterly and annual reports, visit Alberta Heritage Savings Trust Fund.