Small Business Tax Credit

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By: Kelly-Anne Roberts

The Alberta government plans to introduce a new tax credit for investments in small businesses in the fall sittings of the legislature.

The tax credit is said to support up to 4400 new jobs over three years and contribute up to $500 million to the province’s GDP.

The tax credit is part of the government’s jobs plan.

Economic Development minister DeRon Bilous, says the 30 per cent tax credit will be made between April 14 of this year and December 31st, 2019.

The tax credit will be given to investors who provide capital to Alberta’s small businesses.

With the announcement today the province hopes that more small businesses who are thinking of starting up, do so.

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