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Alberta Corporate Tax Act special notice vol. 5 no. 67 : mandatory electronic filing of AT1 returns

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The Alberta Corporate Tax Act (ACTA) requires prescribed corporations to file the Alberta Corporate Income Tax Return − AT1 (AT1 Return) by way of electronic filing. For consistency with federal... More ≫

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The Alberta Corporate Tax Act (ACTA) requires prescribed corporations to file the Alberta Corporate Income Tax Return − AT1 (AT1 Return) by way of electronic filing. For consistency with federal filing requirements in respect of the T2 Corporation Income Tax Return (T2 Return), the definition of ‘prescribed corporation’ in the Alberta Corporate Tax Regulation has been amended to remove the exception for corporations whose gross revenue exceeds $1 million. Accordingly, effective in respect of AT1 Returns for taxation years that begin after December 31, 2024, all corporations will be required to file their AT1 Return with Alberta Treasury Board and Finance, Tax and Revenue Administration (TRA), by way of electronic filing, with the exception of insurance corporations, non-resident corporations, corporations reporting in functional currency, and corporations that are exempt from taxation under section 35 of the ACTA.

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Alberta Corporate Tax Act special notice vol. 5 no. 66 : agri-processing investment tax credit

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The Investing in a Diversified Alberta Economy Act and the Alberta Corporate Tax Act were amended effective April 16, 2023, to implement the agri-processing investment tax credit (APITC) program.... More ≫

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The Investing in a Diversified Alberta Economy Act and the Alberta Corporate Tax Act were amended effective April 16, 2023, to implement the agri-processing investment tax credit (APITC) program. This new program offers a 12 per cent non-refundable tax credit based on eligible capital expenditures to corporations investing $10 million or more to build or expand agri-processing facilities in Alberta.

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Alberta Corporate Tax Act special notice vol. 5 no. 65 : changes to the Alberta Innovation Employment Grant for Associated Corporations

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Notification that the Alberta Corporate Tax Act has been retroactively amended effective January 1, 2021, to correct the calculation of the Innovation Employment Grant for associated corporations.

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Alberta Corporate Tax Act special notice vol. 5 no. 63 : allocation of immediate expensing limit between associated corporations

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This special notice is intended to explain legislation and provide specific information. Every effort has been made to ensure the contents are accurate. However, if a discrepancy should occur in... More ≫

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This special notice is intended to explain legislation and provide specific information. Every effort has been made to ensure the contents are accurate. However, if a discrepancy should occur in interpretation between this special notice and governing legislation, the legislation takes precedence.

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Alberta Corporate Tax Act special notice vol. 5 no. 64 : electronic filing of insurance premiums tax returns

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TRA has transitioned to electronic filing for the Insurance Premiums Tax (IPT) Program. All insurers liable to pay the IPT for taxation years ended after December 31, 2021 must file the IPT return... More ≫

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TRA has transitioned to electronic filing for the Insurance Premiums Tax (IPT) Program. All insurers liable to pay the IPT for taxation years ended after December 31, 2021 must file the IPT return electronically, using the Tax and Revenue Administration Client Self-Service (TRACS) secure online portal, on or before the 75th day following the respective taxation year. A return filed using TRACS is considered filed on the date it is submitted through TRACS.

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Alberta Corporate Tax Act special notice vol. 5 no. 62 : application of Federal budget 2021 tax incentives for immediate expensing and capital cost allowance

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Notification that the Alberta Corporate Tax Act will automatically adopt proposed changes to federal legislation that affect the capital cost allowance regime as outlined in the Government of... More ≫

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Notification that the Alberta Corporate Tax Act will automatically adopt proposed changes to federal legislation that affect the capital cost allowance regime as outlined in the Government of Canada's Budget 2021. The changes will apply for Alberta tax purposes in the same manner and during the same periods of time that they apply for federal tax purposes.

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Corporate income tax special notice Vol. 5 No. 61 : Alberta Innovation Employment Grant

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Bill 35, Tax Statutes (Creating Jobs and Driving Innovation) Amendment Act, 2020, received Royal Assent on December 9, 2020. The bill includes the addition of Division 7 to Part 6 of the Alberta... More ≫

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Bill 35, Tax Statutes (Creating Jobs and Driving Innovation) Amendment Act, 2020, received Royal Assent on December 9, 2020. The bill includes the addition of Division 7 to Part 6 of the Alberta Corporate Tax Act in order to implement the new Innovation Employment Grant (IEG). This special notice from Tax and Revenue Administration provides information on the IEG, which is effective January 1, 2021.

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Alberta Corporate Tax Act special notice Vol. 5 No. 60 : extended deadlines for claims for the Alberta Scientific Research and Experimental Development (SR&ED) Tax Credit and extensions of time to serve a notice of objection

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The Government of Alberta recognizes the challenges that corporations are facing in these exceptional times and will continue to take action to support Alberta businesses. Further to the federal... More ≫

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The Government of Alberta recognizes the challenges that corporations are facing in these exceptional times and will continue to take action to support Alberta businesses. Further to the federal Time Limits and Other Periods Act (COVID-19) and associated Ministerial Orders made by the Government of Canada, Alberta will also be extending the filing deadlines for claims for the Alberta SR&ED tax credit and extensions of time to file a Notice of Objection.

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Alberta Corporate Tax Act special notice Vol. 5 No. 59 : revised deferral of corporate income tax payments and waiver of interest on existing debts

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Further to the deferral of corporate income tax payments explained in Special Notice Vol. 5 No. 56, Deferral of Corporate Income Tax Payments, Alberta corporations with income tax balances owing... More ≫

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Further to the deferral of corporate income tax payments explained in Special Notice Vol. 5 No. 56, Deferral of Corporate Income Tax Payments, Alberta corporations with income tax balances owing on or after March 18, 2020, or installment payments due between March 18, 2020 and September 30, 2020, may defer making these payments until September 30, 2020 (formerly August 31, 2020). Penalties and interest will not be charged if the payments are made by the extended deadline of September 30, 2020. TRA will waive arrears interest accruing from March 18, 2020 to September 30, 2020 on existing debts owing pursuant to the Alberta Corporate Tax Act. Note: this special notice amends special notice Vol. 5 No. 56.

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Alberta Corporate Tax Act special notice Vol. 5 No. 58 : accelerated job creation tax cut

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As announced in Special Notice Vol. 5 No. 52, Job Creation Tax Cut, the general income tax rate on businesses was scheduled to be reduced from 10% to 9% effective January 1, 2021, and then to 8%... More ≫

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As announced in Special Notice Vol. 5 No. 52, Job Creation Tax Cut, the general income tax rate on businesses was scheduled to be reduced from 10% to 9% effective January 1, 2021, and then to 8% effective January 1, 2022. However, as part of Alberta’s Recovery Plan, the Job Creation Tax Cut will be accelerated in order to decrease the general income tax rate on businesses from 10% to 8%, effective July 1, 2020.

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