On December 15, 2016, the Government of Alberta (“Government”) released guidelines providing details of the Alberta Investor Tax Credit (“AITC”) program created under the Investing in a Diversified Alberta Economy Act (the “Act”). The Act came into force January 1, 2017 and provides tax credits for certain investments in qualified small businesses.The Government has allocated $90 million to the program over its initial three-year term ending in 2019. The Government expects the program to support up to 4,400 new jobs over three years and contribute $500 million to Alberta’s GDP.
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