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04 January 2017

New Alberta tax credit to stimulate investment and create jobs

Effective January 1, 2017, companies can apply for the Capital Investment Tax Credit (CITC) outlined in Bill 30: Investing in a Diversified Alberta Economy Act, which was announced in April 2016 and received Royal Assent on December 9, 2016. The two-year credit will provide $70 million in investment credits for manufacturing, processing and tourism infrastructure to spur economic diversification and job creation in Alberta.

A Tax Alert prepared by Ernst & Young Canada, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2017-0004

Document ID: 2017-0004

 

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