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Alberta Business Grants Ltd.

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Alberta Agri-Processing Investment Tax Credit (APITC)

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Value

12% non-refundable tax credit

Description

The Agri-Processing Investment Tax Credit (APITC) provides a 12% non-refundable tax credit when corporations invest $10 million or more in a project to build or expand a value-added agri-processing facility in Alberta. Up to $175 million in tax credits is available for each project. Corporations have 10 years to claim the tax credit against their provincial income tax.

Eligible Applicants

Corporations may apply to the APITC program if they:

Eligible Expenses

A project may be considered for the APITC program if:

  • at least CAD $10 million is invested in new capital expenditures such as land, facility construction and processing equipment
  • a new agricultural processing facility is built and operationalized or an existing facility is expanded and production capacity is increased
  • the new build or expansion creates capacity to produce a new or upgraded product by physically transforming or upgrading:
    • any raw or primary agricultural product
    • any agricultural by-product or waste
    • previously transformed or upgraded product
  • the facility is physically located within Alberta
  • capital expenses are made on or after February 7, 2023 and meet the conditions in the Investing in a Diversified Alberta Economy Act (Part 2.1)

Deadline Date

Ongoing. Please click the link indicated below for update.

Contact

Contact Name: Agri-Processing Investment Tax Credit program

Phone Number: 403-742-7901 or 310-FARM (3276) (in Alberta)

E-mail Address: apitc@gov.ab.ca

Website: https://www.alberta.ca/alberta-agri-processing-investment-tax-credit

Industry:

Agriculture

Location:

Alberta

Tags:

ABmunis

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Contact

1-780-297-6177
davidk@albertabusinessgrants.ca

Alberta Business Grants
Edmonton, Alberta
Canada

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There is grant money waiting for YOU! BUT if you step in a “grant trap,” your application is a NO! Learn the FIVE most common errors to AVOID in government grants! Get the 5 Grant Gotchas now to save you countless hours.

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