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

AB Support for Business

Alberta Jobs Now Program

Eligibility

• Private sector businesses and non-profit organizations in Alberta can apply

Benefit

• 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 choose to have payments issued in 1 or 2 payments

Action Needed

• Employers can apply for up to 20 full-time new hires per intake period
• First intake – May 20-July 23, 2021 (closed)
• Second intake – Nov 10-Dec 17, 2021 (closed)
• Third intake to be announced at a later date
• Further details are available here

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