As part of the Alberta Jobs Plan, the Alberta government has invested $90 million towards an Alberta Investor Tax Credit (AITC) to encourage investment in non-traditional sectors with strong job creation potential.
The 3-year AITC is applicable across sectors, offering a 30% tax credit to investors who provide capital to Alberta small businesses doing research, development or commercialization of new technology, new products or new processes. It is also applicable to businesses engaged in interactive digital media development, video post-production, digital animation or tourism.
Businesses interested in registering with the AITC program are required to do so through the online application portal. Investments made as of April 14, 2016, may be retroactively eligible for the AITC.
An investor can either invest directly in an Eligible Business Corporation (EBC), or invest in an Approved Venture Capital Corporation (VCC).
View an updated list of Approved Venture Capital Corporations
For more information, please visit https://www.alberta.ca/alberta-investor-tax-credit.aspx