 Fiscally the founding document lays out that Alberta should "collect no more revenue than is needed and spend no more revenue than is required".The Freedom Conservative Party took over the legal shell of the former Alberta First Party.After changing its name to the Freedom Conservative Party of Alberta on June 22, 2018, it gained its first MLA after Derek Fildebrandt changed his affiliation from Independent Conservative and crossed the floor after being barred from running as a candidate for the United Conservative Party.