Alberta to introduce VC legislation
Posted on 31 October, 2016 by Thierry Heles, editor
The autumn sitting of the province's legislature is expected to produce legislation that would offer a 30% tax credit to some investors.
The legislature of Canadian province Alberta is set to introduce legislation around the venture capital industry during its autumn sitting that begins today, local news publication iNews880 reported on Friday.
The Alberta Investor Tax Credit would offer investors a 30% credit when they provide venture capital funding to small businesses for the purposes of R&D in a range of vertical industries.
The government is also set to propose the Capital Investment Tax Credit, which would return 10% towards the purchase of machinery, buildings and other assets.
The government hopes the measures will foster economic growth in the province. The plans were announced by government house leader Brian Mason.
See more from this Government Report: Canada
Copyright Mawsonia Limited 2010. Please don't cut articles from www.globalgovernmentventuring.com or the PDF and redistribute by email or post to the web without written permission.
Latest magazinePast Issues
Get full online access, the monthly magazine, weekly news alerts, special reports and more.See all subscription options
September 18, 2017
September 11, 2017
September 06, 2017
September 14, 2017
September 12, 2017