Capital Investment Tax Credit (CITC): Non-refundable tax credit of 10% of eligible capital expenditures, up to $5 million. The CITC is available to companies involved in the activities of manufacturing, processing and tourism infrastructure making an investment of $1 million or more. The eligible costs under this program include the purchase of machinery, equipment and buildings.
Scientific Research and Experimental Development Tax Credit (SR&ED): Refundable tax credit available to qualifying companies for up to 10% of eligible research and development activities performed in Alberta up to $4 million.
The Alberta Investor Tax Credit (AITC): The Alberta Investor Tax Credit (AITC) encourages investment in non-traditional sectors with strong job creation potential. A 30% tax credit is provided to investors who provide equity capital to Alberta small businesses (less than 100 employees) doing research, development or commercialization of new technology, new products or new processes.
Interactive Digital Media Tax Credit (IDMTC): Refundable tax credit equivalent to 25% of the labour costs associated with an interactive digital media activity. Eligible corporations who hire employees from under-represented groups may also qualify for an additional tax credit of up to 5% of all eligible costs through the diversity and inclusion program component if all conditions are met. Corporations that have claimed an Alberta Scientific Research and Experimental Development Tax Credit in the current taxation year are not eligible for the IDMTC
Canada-Alberta Job Grant: Under the Canada-Alberta Job Grant, employers receive up to two-third of direct training costs per employee up to a maximum of $15,000 per employee per year. Individual employers will have a cap of $300,000 for the amount of grant funding they can receive per fiscal year.
Opportunity Calgary Investment Fund: Discretionary cash grant available to projects locating in Calgary. A total of $100 million is available to catalytic projects to support high-growth and high-wage industries.
Last updated: May 2019