Alberta Agri-processing Investment Tax Credit

Overview

The Agri-processing Investment Tax Credit provides a 12 per cent non-refundable tax credit against eligible capital expenditures for corporations investing $10 million or more to build or expand agri-processing facilities in Alberta.

This program builds on Alberta’s other competitive advantages to make the province the preferred destination for large-scale agri-processing investments.

Eligibility

Detailed eligibility criteria for the program are currently under development and will be posted to the webpage as available.

The incentive program is available to corporations making a capital investment of $10 million or more to build or expand agri-processing facilities in Alberta. Capital investments made on or after February 7, 2023, may be considered in the calculation of a company’s total tax credit.

Companies looking to invest less than $10 million in Alberta may be eligible for funding through Alberta’s other programs that support the value-added agriculture sector.

How to apply

The Agri-processing Investment Tax Credit will be ready to accept applications in Spring 2023.

The program will be available to all qualifying applicants, including corporations that have received funding from other provincial sources.

Contact email: [email protected]