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

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

Synopsis
7 Minute Read

COVID-19 Response Plan
Alberta Government – Support for Canadians
Last updated September 29, 2021, 4:00 pm 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

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

  • For information on the application process, see here
  • Application is through online portal

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

Education Property Tax Deferral (closed)

Eligibility

  • Non-residential property owners

Benefit

  • Six-month deferral of non-residential education property tax or a combined municipal and education property tax deferral effectively equivalent to a six-month deferral of education property tax

Action Needed


Workers’ Compensation Board (WCB) Premium Relief (closed)

Eligibility

  • All private sector employers are eligible 2020

Benefit

  • WCB premiums deferred to 2021
  • When invoicing resumes, 50% of 2020 premiums will be waived for small- and medium-sized private sector employers

Action Needed


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:

AB Support for Individuals

Emergency Isolation Support (closed)

Eligibility

  • Albertans who were required to isolate or had to care for a dependent who was isolating

Benefit

  • Benefit was a one-time payment; program now closed

Action Needed

  • No action required; program only intended to bridge gap until the Federal Government announced Canada Emergency Response Benefit (CERB)

Utility Payment Deferral (closed)

Eligibility

  • Albertans experiencing financial hardship and unable to make regular payments as a result of COVID-19
  • Applies to bills for residential, farm and small commercial:
    • Electricity consumers, who consume less than 250,000 kilowatt hours of electricity per year
    • Natural gas consumers, who consume less than 2,500 gigajoules per year

Benefit

  • Deferral of electricity and natural gas bill until June 19, 2020 without late fees or added interest payments

Action Needed

  • Contact natural gas or electricity provider directly to arrange for deferral and repayment plan
  • 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

Federal Support Support for Canadians

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

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