EDMONTON, Alberta – The Alberta Heritage Savings Trust Fund (AHSTF) has reached a significant milestone, surpassing $30 billion in market value as of July 18, 2025. This achievement comes as the province reaffirms its ambitious goal to grow the fund to at least $250 billion by 2050, a target highlighted by public figures like Candice Malcolm, who stated on social media, "Alberta Heritage Fund hits $30B, eyes $250B goal by 2050." The fund, established in 1976, was created to save a portion of Alberta's non-renewable resource revenue for future generations.
The recent surge in the fund's value is largely attributed to a substantial $2.8 billion investment from the province's 2024-25 surplus cash. This record contribution has propelled the fund from $27.2 billion at the end of the last fiscal year to its current $30 billion mark. Finance Minister Nate Horner emphasized that this investment underscores the commitment to Alberta's future financial security.
The long-term objective of reaching $250 billion by 2050 aims to provide enduring financial stability and reduce the province's reliance on volatile resource revenues. Premier Danielle Smith stated that achieving this goal would allow future governments to withdraw income from the fund to support core services like healthcare and education, and maintain low taxes, without depleting the principal. This strategic vision positions the AHSTF as a cornerstone for Alberta's economic resilience.
To facilitate this growth, the government established the Heritage Fund Opportunities Corporation (HFOC) in late 2024. This new Crown corporation is tasked with directing policy and independently managing new deposits, working alongside the Alberta Investment Management Corporation (AIMCo), which continues to manage the majority of the fund's assets. The plan outlines a path for strategic investments and robust governance to ensure the fund's sustained growth and long-term benefit for Albertans.