Investor Presentaiton
application portal on the AITC program webpage. Once the report is complete, the EBC or VCC
will submit it through the online application portal for the issuance of Tax Credit Certificates.
As of February 1, 2019, all tax credit requests for eligible investments made in a calendar year
must be submitted no later than 90 days following the end of that calendar year. This means that:
• Tax credit requests for all investments made into eligible business corporations (EBCs) or
venture capital corporations (VCCs) in the 2019 calendar year must be requested by
March 31, 2020.
Tax credit requests for investments made into EBCs and VCCs in subsequent years must
be made by March 31 of the following calendar year.
To ensure investments made prior to the introduction of this new deadline are not disrupted, there
will be a grace period for investments made in the 2017 and 2018 calendar year:
•
Tax credit requests for all eligible investments made into EBCs or VCCs in the 2017 or
2018 calendar years must be requested no later than December 31, 2019.
Please note:
EBCs and VCCs cannot guarantee their investors will receive a tax credit as the Tax Credit
Certificates are issued on a first-come first-served basis.
Step 6: Delivery of Tax Credit Certificates
Once a tax credit has been approved, registered EBCs and VCCs will be able to access and
download their investors' Tax Credit Certificates through their online application portal user
account. The EBCS and VCCs are responsible for distributing Tax Credit Certificates to their
investors.
Holding and Reporting Requirements
Eligible Business Corporations (EBCs):
Shares issued by the EBC for which tax credit was approved must be held (not sold, transferred
or redeemed) by the investor for five years from the date of issuance.
If the shares are disposed of (sold or transferred) by the investor or redeemed by the EBC prior to
this date, the tax credit will be revoked and the tax credit must be re-payed.
Registered EBCs must prepare and file an annual report with the Minister of Economic
Development and Trade within six months following their fiscal year end.
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Alberta Investor Tax Credit Program | January 2019View entire presentation