She says the payment will be made instead of the province reducing its tax on gasoline at the pumps.

Reductions in gas taxes don't ensure savings flow to consumers, she says.

"Our government recognizes that families are feeling the pinch, which is why we're taking action to put more money back in their pockets," Smith told reporters at a news conference in Calgary on Wednesday.

"This approach will ensure elevated oil revenues deliver real benefits to Albertans, benefits that don't disappear at the pumps."

People can start applying for the payments starting July 1.

Smith said nearly 3.4 million adults -- with a maximum household income of $225,000 or less -- will be eligible.

Her announcement comes after the U.S.-Iran military conflict choked global energy supply chains and sent prices at the gas pump soaring, which in turn boosted the bottom line for Alberta's petro-powered economy.

Alberta's budget is in need of good news.

The Middle East war began in late February, two days after Smith's government announced this year's budget would have a $9.4-billion deficit due mainly to low oil prices.

This report by The Canadian Press was first published June 17, 2026.

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