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

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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... More ≫

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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.

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Alberta Corporate Income Tax Act information circular SRED-1 : Alberta Scientific Research and Experimental Development (SR&ED) Tax Credit

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Provides information on the Alberta Scientific Research and Experimental Development (SR&ED) tax credit program, which provides a refundable tax credit to qualified corporations that incur... More ≫

Description

Provides information on the Alberta Scientific Research and Experimental Development (SR&ED) tax credit program, which provides a refundable tax credit to qualified corporations that incur eligible expenditures in respect of SR&ED activities carried out in Alberta. Tax and Revenue Administration information circulars discuss procedural matters and administrative policies and practices and are updated as necessary. If updated, a revision number is assigned. Please refer to the CURRENT version.

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