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Alberta introduces new R&D tax credit

Briefs | 11/27/2008 6:36 pm EST

Alberta companies that conduct research and development will soon be able to apply for a 10% refundable tax credit on eligible expenditures up to $4 million annually. Modeled on the federal government Science Research and Experimental Development (SR&ED) tax credit, the new Alberta credit will come into effect Jan. 1, 2009 and apply to expenditures incurred in Alberta after Dec. 31, 2008.

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