The Community Economic Development Corporation (CEDC) tax credit program will offer a 30 per cent tax credit to Albertans who invest in registered CEDCs. In turn, the corporations will provide capital to Alberta small businesses and co-operatives that focus on social improvement or rural economic development.
Examples of the types of activities the tax credit will support include:
Similar credits have been available in Manitoba and the Maritime provinces for several years. The program budget is $9 million over three years. Application intake for the program is now open. Additional program details, including eligibility criteria and information on when, where and how to apply, are available at alberta.ca/community-economic-development-corporation-tax-credit.aspx. |
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