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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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Alberta Corporate Tax Act special notice Vol. 5 No. 57 : extension to Alberta corporate income tax return (AT1) filing deadline

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The Government of Alberta has announced additional tax relief measures in response to the economic impacts of the COVID-19 pandemic. The filing due date for an Alberta Corporate Income Tax Return... More ≫

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The Government of Alberta has announced additional tax relief measures in response to the economic impacts of the COVID-19 pandemic. The filing due date for an Alberta Corporate Income Tax Return (AT1) has been extended to June 1, 2020 (for an AT1 that would otherwise have a filing deadline after March 18 and before June 1, 2020); and September 1, 2020 (for an AT1 that would otherwise have a filing deadline in June, July or August 2020). See related: Special Notice Vol. 5 No. 56 : Deferral of corporate Income Tax Payments (Related tab).

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Alberta Corporate Tax Act special notice Vol. 5 No. 56 : deferral of corporate income tax payments

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The Government of Alberta announced new business tax relief measures on March 18, 2020 in response to the current oil price shock and the economic impacts of the COVID-19 pandemic. Alberta... More ≫

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The Government of Alberta announced new business tax relief measures on March 18, 2020 in response to the current oil price shock and the economic impacts of the COVID-19 pandemic. Alberta businesses with corporate income tax balances that become owing on or after March 18, 2020, or installment payments coming due between March 18, 2020 and August 31, 2020, can defer making these payments until August 31, 2020. Alberta will waive penalties and interest that would otherwise be payable in respect of these payments. NOTE: special notice Vol. 5 No. 59 revises this special notice. See Related tab.

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Alberta Corporate Tax Act special notice Vol. 5 No. 55 : film and television tax credit

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As announced in Budget 2019, the Government of Alberta’s continuing support of the film industry is moving from grant-based support to a tax credit program. The Film and Television Tax Credit Act... More ≫

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As announced in Budget 2019, the Government of Alberta’s continuing support of the film industry is moving from grant-based support to a tax credit program. The Film and Television Tax Credit Act (FTTC Act) was enacted as part of the Fiscal Measures and Taxation Act, 2019, which was proclaimed in force effective January 28, 2020. The FTTC Act established the Film and Television Tax Credit (FTTC), a new refundable tax credit for corporations. Sections 26.94 has been added to the Alberta Corporate Tax Act (ACTA) in order to implement the FTTC. The former Screen-based Production Grant is now closed.

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