Investor Presentaiton
Program Overview
The Alberta Investor Tax Credit (AITC) encourages investment in
businesses that are bringing new products and services to market and
creating jobs in Alberta.
The AITC offers a 30 per cent tax credit to Alberta investors who provide equity capital to small
Alberta businesses substantially engaged in:
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tourism activities such as resorts, skiing facilities, amusement and recreation facilities
hunting and fishing camps, scenic and sightseeing transportation;
research, development and commercialization of proprietary technology, products and
processes;
development of interactive digital media and game products;
post-production, visual effects and digital animation.
The AITC is offered on a first-come, first-served basis.
In summary, there are six key steps
to the program:
1. An Eligible Business Corporation (EBC) or
Venture Capital Corporation (VCC) creates
a user profile through the AITC's online
application portal.
2. EBC/VCC applies for registration with the
AITC program.
3. Once registration is approved, the
AITC Program
Eligibility
Only Eligible Business Corporations
(EBCs) and eligible Venture Capital
Corporations (VCCS) are eligible to apply
to the AITC program.
registered EBC or VCC applies for approval to raise equity capital.
4. Once approval to raise equity capital has been granted, the EBC or VCC will
independently raise equity.
5. The EBC or VCC will then apply for the Tax Credit Certificate on behalf of the investor.
6. Once approved, the Tax Credit Certificate will then be provided to the EBC or VCC who
will provide it to the investor.
EBCs and VCCs that have been approved for Tax Credit Certificates on behalf of their
investors are required to provide annual reports and ensure that the shares are not redeemed
for a period of five years.
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Alberta Investor Tax Credit Program | January 2019View entire presentation