Alberta doubles down on SR&ED, if you’re growing fast!

The new “Alberta Innovation Employment Grant” equals to up to 20% of your SR&ED expenditures. Alberta’s previous 10% SR&ED tax credit was eliminated for 2020, and replaced starting in 2021 with a refundable tax credit equal to 8% plus an additional 12% of your company’s average SR&ED-eligible expenditures during its two preceding fiscal periods.

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