COVID-19 Response Plan - Alberta Government - Support for Canadians

COVID-19 Response Plan - Alberta Government - Support for Canadians

Synopsis
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COVID-19 Response Plan
Alberta Government – Support for Canadians
Last updated January 19, 2022, 11:00 a.m. MST

Insight
Insight

AB Support for Business

Alberta Job Now Program

Eligibility

  • Employers can apply for a grant to offset salary or training costs, or both, equal to:
    • 25% of a new hire’s salary up to $25,000 per employee
    • 5% of a new hire’s salary up to $37,500 per employee with a disability
  • Employers can apply for up to 20 full-time new hires per intake period
    • 1st intake: May 20, 2021 to August 31, 2021
    • 2nd intake: September 15, 2021 to December 31, 2021
    • 3rd intake: TBA
  • Employers can choose to have payments issued in 1 or 2 payments

Benefit

  • Due dates for filing corporate income tax returns due after March 18, 2020 and before June 1, 2020 have been extended to June 1, 2020.
  • Amounts due between March 18, 2020 and August 31, 2020 are deferred until August 31, 2020.

Action Needed

Application portal is available; information on process can be found here


Small and Medium Enterprise Relaunch Grant (closed)

Eligibility

  • Alberta businesses, cooperatives and non-profits that were ordered to close or curtail operations, and that experienced a revenue reduction of at least 30%, as a result of COVID-19, may be eligible

Benefit

  • Due dates for filing corporate income tax returns due after March 18, 2020 and before June 1, 2020 have been extended to June 1, 2020.
  • Amounts due between March 18, 2020 and August 31, 2020 are deferred until August 31, 2020.

Action Needed

  • No action required

Alberta Innovation Employment Grant (IEG)

Eligibility

  • Corporations with a permanent establishment in Alberta at any time during the taxation year
  • Corporations with taxable capital (for federal tax purposes) over $50 million, partnerships, trusts and individuals are not eligible to claim the grant

Benefit

  • The refundable tax credit offers an 8% recovery on eligible expenditures related to scientific research and experimental development activities carried out in Alberta
  • Corporations can claim an additional 12% credit in excess of the base amount

Action Needed

  • Tax credit covers eligible expenditures incurred after December 31, 2020
  • IEG tax form is prepared on a project-by-project basis and filed with the corporation’s income tax return
  • Details available here

Authorizations (E-Signature)

Eligibility

  • Applicable to Alberta Form AT4930

Benefit

  • Electronic signatures now allowed

Action Needed

  • No action required


Tourism Levy Abatement Extension

Eligibility

  • Temporary accommodation providers

Benefit

  • For tourism levy amounts collected between April 1, 2022 and June 31, 2021
  • Deferred remittances not subject to penalties or interest

Action Needed

  • Hotels and other lodging providers still must file returns, as required by legislation, and must continue to collect tourism levy from property guests
  • More details available:

Education Property Tax Freeze

  • Applicable to Alberta homeowners

Benefit

  • Residential education property tax rates frozen at 2019 level – reversing the 3.4% increase added in Budget 2020

Action Needed

  • No action required

Restrictions Exemption Program Implementation Grant

Eligibility

  • on the list of eligible in-scope operators
  • implementing the Restrictions Exemption Program consistently as part of daily operations
  • verifying proof of vaccination, negative test results or medical exemption for patrons 12 and over
  • a permanent establishment in Alberta
  • employing fewer than 500 employees

Benefit

  • The grant provides $2,000 for eligible small- and medium-sized organizations that choose to implement the Restrictions Exemption Program

Action Needed

  • Application portal is available; information on process can be found here

Federal Support Support for Canadians

  • For our summary of the Federal support programs for businesses and individuals, please visit HERE

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