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Corporate income tax special notice Vol. 5 No. 54 : Budget 2019 elimination of corporate tax credits

Description

As announced in Budget 2019, the Job Creation Tax Cut and enhancements to Capital Cost Allowance rates are moving Alberta toward a low-rate, broad-based corporate tax system. If Bill 20: The Fiscal Measures and Taxation Act, 2019 is passed, the Alberta Investor Tax Credit, Community Economic Development Corporation Tax Credit, Capital Investment Tax Credit, Interactive Digital Media Tax Credit and the Scientific Research and Experimental Development Tax Credit (SR&ED) will be eliminated.

This special notice provided by Tax and Revenue Administration (TRA) announces changes to, or clarifies, administrative policies and practices. These notices are time-specific, and meant to be transitory in nature. The information may eventually be incorporated into other publications such as information circulars or web content.

Updated

November 4, 2019

Tags
Alberta Investor Tax Credit Capital Investment Tax Credit Community Economic Development Corporation Tax Credit Interactive Digital Media Tax Credit SRED Scientific Research and Experimental Development Tax Credit corporate tax corporate tax credits sred

Title and publication information

Frequency

Irregular

Publisher / Creator Information

Publisher

Treasury Board and Finance

Place of Publication

Edmonton

Subject Information

Topic
Government
Spatial Coverage

Alberta

Resource Dates

Date Created

2019-07-04

Date Added

2019-11-05T17:50:55.236056

Date Modified

2019-11-04

Date Issued

2019-07-04

Audience information

Identifiers

Usage / Licence

Contact

Contact Name

Treasury Board and Finance. Tax and Revenue Administration.

Contact Email

tra.revenue@gov.ab.ca