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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 May 9, 2022, 4:00 pm MST

Insight
Insight

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

Federal Support Support for Canadians

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

For closed programs, click here

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