Investor Presentaiton
Diversity and Inclusion Supplement
Starting February 1, 2019, the AITC program will offer an additional 5 per
cent tax credit to investors who invest in registered EBCs that meet the
diversity and inclusion (D&I) eligibility criteria.
To be eligible for the D&I supplement:
•
The EBC must have three or more directors (i.e. Board of Directors) as defined by the
Business Corporations Act. If the Chief Executive Officer is not a director, they will be
counted as such for the purposes of the supplement.
The majority of the directors (greater than 50 per cent) must be under-represented
individuals. This includes the those who identify as a:
О female;
member of a sexual or gender minority;
person of Canadian Indigenous ancestry;
person with a long-term or recurring physical or mental disability; or
person of visible minority.
The EBC must have a diversity and inclusion policy that is approved by its directors.
The approved diversity and inclusion policy must be publicly accessible on the EBC's
website.
This additional tax credit will be available to Alberta investors who make eligible investments after
February 1, 2019.
For an investment to be eligible for the additional 5 per cent tax credit, investors must invest in an
EBC that is registered with the AITC program and meets all the D&I eligibility criteria on the date
the investment was made.
The implementation of the diversity and inclusion supplement requires changes to the AITC
online application portal. These changes are targeted for completion in spring/summer 2019. In
the meantime, AITC program staff will approve all eligible tax credit applications for a tax credit
certificate valued at 30 per cent. Once the changes to the online application portal are completed,
AITC program staff will contact all EBCs with investments made after February 1, 2019, and will
determine eligibility for the D&l supplement. If eligible, a separate tax credit certificate will be
issued for the 5 per cent supplement amount.
The D&I supplement was enabled by the Growth and Diversification Act in an effort to encourage
and support diversity in Alberta's small- and medium-sized businesses.
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Alberta Investor Tax Credit Program | January 2019View entire presentation