Investor Presentaiton

Ineligible Business Activities The AITC program does not support the following: 1. Exploration or extraction of minerals or the operation of a mine This category involves the exploration or extraction of oil, gas, bitumen, coal and other minerals or the operation of a mine. A company in this sector may still qualify if it is a small business that is substantially engaged (at least 50 per cent of the company's activities) in research, development and commercialization of proprietary technologies, products and processes. 2. Financial services Financial services such as providing loans, selling insurance or real estate or trading in securities are ineligible business activities under this program. However, the research, development and commercialization of financial services technologies including software and applications that improve the offering of financial services are eligible business activities (at least 50 per cent of the company's activities). An example of eligible financial services includes the development and commercialization of mobile payment applications. 3. Agricultural activities other than non-traditional agricultural activities Traditional agricultural activities such as the cultivation and tillage of the soil, dairy production, cultivation, growing and harvesting of any agricultural or horticultural commodities and raising of livestock, bees, fur-bearing animals or poultry, are ineligible under this program. Activities such as research, development and commercialization of proprietary technologies, products and processes that include the use of specialized small crops, small livestock and small poultry production are eligible (at least 50 per cent of the company's activities). While the development of high technologies that support traditional agricultural activities are eligible, activities that involve the simple purchase and use of high-technology products or services are considered ineligible under this program. High technology enterprises are businesses involved in research and development of proprietary technologies. They offer products or services for agricultural producers based on application of advanced technologies. 13 Alberta Investor Tax Credit Program | January 2019

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