Investor Tax Credits (AITC and CITC)
About the policy
A lack of early stage capital had been a significant barrier to growth for many small businesses in Alberta. Our province lacked an incentive structure an incentive structure aimed specifically at encouraging the private sector to invest in local businesses in need of capital.
Despite this need, Alberta remained one of the only provinces in Canada without an income tax credit for those looking to invest in local small businesses.
What we are doing
The Calgary Chamber advocated strongly for the creation of a tax credit program to address the difficulties Alberta small businesses had when trying to attract investment.
In line with our tax credit recommendations, we were extremely pleased to see the Alberta Government announced the Alberta Investor Tax Credit as part of Budget 2016.
- [Blog] Knocking down barriers to growth: Helping your business gain access to capital
- [Blog] Alberta has an investor tax credit, now what?
- [Video] Creating new opportunities with the Minister of Economic Development and Trade for Alberta's economy
- [Blog] 2016 Alberta Budget Priority: Jumpstarting small business investment
- [Blog] It's time for the NDP to take a new approach to job creation
- [Blog] Building a venture capital ecosystem: Jump-starting small business investment and growth
- [Resolution] Alberta Investor Tax Credit: Solving the Venture Capital Drought (PDF)