Provincial Tax Credit encouraging capital investment in Alberta

Applications open for Capital Investment Tax Credit

The Alberta government is accepting applications for the third intake of the Capital Investment Tax Credit (CITC).
The application period runs from Jan. 15 until March 16, 2018.
“Per capita private-sector investment in Alberta rose to more than twice the national average last year, during the first round of our CITC,” said Alberta’s Minister of Economic Development and Trade Deron Bilous.
“That’s why we are building on that momentum with a second round of credits for businesses upgrading or expanding their facilities across the province,” he said.
The goal of the program is to help Alberta companies embark on new construction and capital projects by returning to businesses up to 10 per cent of the cost of new machinery, equipment or buildings.
Claims for credit under the CITC can be made after the capital purchases are in use.
The CITC is part of the government’s plan to diversify the Alberta economy.
The CITC Credits from both the first and second round are predicted to support over 3,000 jobs, and encourage companies to invest more than $1.2 billion in the province to either upgrade current facilities or build new ones.
For more information on the Capital Investment Tax Credit go to https://www.alberta.ca/capital-investment-tax-credit.aspx.

In response to Canada's Online News Act and Meta (Facebook and Instagram) removing access to Canada's local news from their platforms, Anchor Media Inc encourages you to get your news directly from your trusted source by bookmarking this site and downloading the Rogue Radio App. Send your news tips, story ideas, pictures, and videos to info@anchormedia.ca.

About the author

Staff Writer

Staff Writer

In response to Canada's Online News Act and Meta (Facebook and Instagram) removing access to local news from their platforms, Anchor Media Inc encourages you to get your news directly from your trusted source by bookmarking this site and downloading the Rogue Radio App. Send your news tips, story ideas, pictures, and videos to info@anchormedia.ca


What's Playing on CFTR

Launch Player in New Window 

RSS BLANKET CLASSIFIEDS – Alberta-Wide Weekly Classified Ads

  • CRIMINAL RECORD? Think: Criminal Pardon
    CRIMINAL RECORD? Why suffer employment/licensing loss? Travel/business opportunities? Be embarrassed? Think: Criminal Pardon. US entry waiver. Record purge. File destruction. Free consultation. 1-800-347-2540. www.accesslegalmjf.com. Ad Category: Services
  • CASH IN UNWANTED GOLD!
    CASH IN YOUR GOLD!BUYING your unwanted and broken jewelry, coins, coin collections, nuggets, dust, all gold, etc. ALSO BUYING ALL SILVER, STERLING & PLATINUM!I MAKE HOUSE CALLS ALL OVER ALBERTA & PAY YOU CASH.Call Todd 780-504-7995 Ad Category: Wanted
  • BEST Cash Payouts for Gold
    Canadian Prairie Pickers. Buying Gold, Silver, Jewelry & cois, mint sets BEST Cash Payouts for Gold | BEST Cash Payouts for SilverBEST Customer Service | MOST Friendly StaffNever any fees to pay. No obligation to sell.Let us come to visit you in the comfort and privacy of your home. Your satisfaction is #1Call Ted or […]