Alberta's New Scientific Research & Experimental Development Credit

To encourage investment in research and development and make Alberta a more attractive option for knowledge intensive companies a new tax credit has been announced. Alberta’s Scientific Research & Experimental Development (SR&ED) credit will be effective for all expenditures incurred after December 31, 2008 that are also eligible for the federal SR&ED Credit. Eligible activities can include experimental development, applied research, basic research, and support work.

The credit will be worth 10% of a company’s eligible expenditures up to $4 million. The credit will be refundable for all companies.

The combined federal and provincial credit rate is for large Canadian and foreign-controlled corporations is 28%.

Send this to a friend   More info...
 

 





This Newsletter is published bi-monthly by the Consulate General of Canada in Minneapolis and the Canada-Minnesota Business Council

Contact:
 Franco Manarin
Consul & Trade Commissioner

Tel: (612) 492-2913
Fax: (612) 332-4061
www.investincanada.gc.ca


Subscribe someone you know:
You can introduce News to friends and colleagues who can decide to subscribe: Click here

Send this news to a friend:
Click here


Print Version

Important notice
Department of Foreign Affairs and International Trade is committed to respecting the privacy rights of individuals who participate in on-line program activities. Participation in the Department of Foreign Affairs and International Trade E-newsletter Program is voluntary and you may unsubscibe or opt-out of this mailing at any time. Whether your contact information was received via e-newsletter subscription form or indirectly (receipt of a business card during an event), you should be aware that this information is being collected and used for the purpose of administering this Program. An invitation contact list could be developed from this data and used to seek your participation at appropriate events. It will not be linked with any other databases nor will it be used for any other purpose without first obtaining your explicit consent. Also, you should know that the E-Newsletter data is used to assist us to better understand your needs. Your personal information is protected from disclosure to unauthorised persons/agencies pursuant to the provisions of the Privacy Act. You should also know that third party commercial information may be subject to requests under the Access to Information Act, but that no information will be released without first consulting with you.