The program offers a 12 per cent non-refundable tax credit based on eligible capital expenditures to corporations investing $10 million or more to build or expand agri-processing facilities in the province.
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The program offers a 12 per cent non-refundable tax credit based on eligible capital expenditures to corporations investing $10 million or more to build or expand agri-processing facilities in the province.
To be eligible for the program, companies must be incorporated, registered or continued under Alberta’s Business Corporations Act, with the proposed investment plan having a minimum of $10 million in new capital expenditures.
The project must also be physically located in Alberta, be a new project or a significant expansion of an existing value-added agricultural processing facility, and project expenditures must directly support an eligible value-added agricultural activity.
Corporations with other provincial funding sources may also be eligible for the tax credit.
Tax credit.
The Agri-processing Investment Tax Credit (APITC) program operates on a continuous intake basis. Businesses apply for conditional approval first, then for the 12% non-refundable tax credit once their eligible project (investing $10 million or more to build or expand agri-processing facilities in Alberta) is complete and operational. Recent updates simplify the application process for registered partnerships. Visit the official Government of Alberta website for detailed eligibility and application guidelines.
Contact Name: Agri-processing Investment Tax Credit program
E-mail Address: APITC@gov.ab.ca
Website: https://www.alberta.ca/release.cfm?xID=870110B266F6A-C479-024E-8B75EDD103E74413
Industry:
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