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Alberta government offering 30% tax credit through new investor program

Economic Development Minister Deron Bilous speaks at the Alberta legislature Wednesday, March 16, 2016.
Economic Development Minister Deron Bilous speaks at the Alberta legislature Wednesday, March 16, 2016. Global News

EDMONTON – The Alberta government announced Monday morning investors who throw their money behind non-traditional sectors will benefit from the new Alberta Investor Tax Credit.

The program is offering a 30 per cent tax credit to investors  who provide capital to small- and medium-sized Alberta businesses in information technology, clean technology, health technology, interactive digital media and game products, and post-production, visual effects and digital animation.

“In challenging times, more people look to start or grow their own business, and the government is taking action to give these Albertans the capital they need to succeed,” Economic Development and Trade Minister Deron Bilous said.

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The government said the tax credit will give incentives to invest in non-traditional sectors that offer skilled employment.

“Through the Alberta Jobs Plan, our government is taking action to encourage Albertans to invest in local small and medium-sized businesses that create employment opportunities for Albertans,” Finance Minister Joe Ceci said. “Better access to capital will help local businesses expand, innovate and great jobs – to benefit all Albertans.”

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The AITC will provide $90 million to investors over two years. Applications will begin being accepted in January 2017.