Tax Alert – Canada

Tax Alert – Canada

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Tax Alerts cover significant tax news, developments and changes in legislation that affect Canadian businesses.

Budget information: For up-to-date information on the federal, provincial and territorial budgets, visit And follow us on Twitter @EYCanada.

New Alberta tax credit to stimulate investment and create jobs
No. 01, 3 January 2017

Effective 1 January 2017, companies can apply for the new Capital Investment Tax Credit (CITC). The two-year credit will provide $70m in investment credits for manufacturing, processing and tourism infrastructure to spur economic diversification and job creation in Alberta.

Alberta's Venture Capital Tax Credit
No. 02, 12 January 2017

The Alberta Government has introduced the Alberta Investor Tax Credit (AITC) to stimulate investment in certain industries with strong job-creation potential. The AITC offers a 30% tax credit to investors who provide venture capital to eligible companies during the three-year period in which the AITC program is in force, and is offered on a first come, first served basis. The program will start accepting applications on 16 January 2017.