Early in November, the Alberta Government introduced the Diversified Alberta Economy Act (Bill 30) which is intended to drive innovation, diversification and job creation in Alberta (Government announcement here). This initiative created both the Capital Investment Tax Credit (CITC) which is aimed at attracting large capital investments; and the Alberta Investor Tax Credit (AITC) aimed at bringing Alberta investors and small businesses together. The CITC offers a 10 per cent, non-refundable tax credit of up to $5 million to Alberta companies involved in manufacturing and processing infrastructure, as well as tourism. It is to have a budget of $70 million over two years and beRead More →