Program Update

Alberta announces new

Innovation Employment Grant (IEG)

The new Innovation Employment Grant (IEG) is a functional replacement of the previous Alberta SR&ED tax credit. With two tiers (8 and 20%) respectively applicable to base-level and incremental R&D spending, the IEG aims to incent Small and Medium Enterprises (SMEs) to ramp up technology development and innovation in Alberta. The program launched on Jan 1, 2021 and is applicable to spend incurred on or after that date.

The criteria for assessing a project's technical merit, as well as qualifying expenditures, are identical to the previous Alberta SR&ED and Federal SR&ED tax credit programs. In other words, projects and expenditures which qualify for the Federal SR&ED tax credit program will also qualify for the IEG.

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