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Alberta promises $90M in tax aid for SMEs

Program will be open to information, health and green technology companies.

April 18, 2016   by The Canadian Press

EDMONTON — Alberta’s economic development minister says a new investor tax credit will provide $90 million to help small- and medium-sized tech companies.

Deron Bilous says the program is to start in January.

It will be open to Alberta information, health and green technology companies.

Others to benefits include those working in interactive digital media and game products, digital animation, post-production and visual effects.

Bilous says the government will work out details such as the maximum amount that can be donated to receive the 30% credit.

The program is to run for two years and then be reassessed.

The tax credit is part of the government’s new jobs creation package outlined in last week’s budget.

© 2016 The Canadian Press


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