Jul
01

Alberta’s Small and Medium Enterprise (SME) Relaunch Grant

AlbertaRelaunchGrant
The Government of Alberta announced the launch of the Small and Medium Enterprise Relaunch Grant, a new program that will provide financial assistance to Alberta businesses, cooperatives and non-profit organizations that were ordered to close and experienced a revenue reduction of at least 50% due to the COVID-19 pandemic. How does this program work? Eligible SMEs can apply for 15% of their pre-COVID-19 monthly revenue up to a maximum of $5,000 in funding. This funding can be used to help shoulder a portion of their relaunch costs such as implementing measures to minimize COVID-19 transmission. Relaunch costs can include those incurred...
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432 Hits
Mar
30

Alberta’s Emergency Isolation Support

Albertaisolationsupport
This program is now CLOSED.  This program provided funds to over 79,596 eligible Albertans since it launched for a total of approximately $91.7 million. What is Emergency Isolation Support? Eligible Albertans can receive a one-time emergency isolation support payment of $1,146 if they are required to self-isolate or are the sole caregiver of someone in self-isolation and they have no other source of income or compensation. Note that this is a temporary program to bridge the gap until the Federal Government’s Emergency Response Benefit is available in April. Who is eligible?You are eligible if have experienced total or significant loss of income...
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509 Hits
Nov
12

Alberta Budget 2019: The New Alberta Child and Family Benefit

benefits_20160717-043533_1
As we mentioned in previous blogs, Alberta’s Budget 2019 introduced the new Alberta Child and Family Benefit to replace both the Alberta Family Employment tax credit and the Alberta child benefit for the purpose of providing more benefits to lower income families and reducing administrative costs. Here are a few more details you should now about this new program:• The new Alberta Child and Family Benefit starting in July 2020 will provide eligible families as much as $4,995 annually. • Under the new program, a family with 2 children can receive up to $593 more per year while families with 4...
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4205 Hits
Apr
11

Alberta Budget 2018: Details of the Tax Plan

Alberta Budget 2018: Details of the Tax Plan
On our last blog, we listed the highlights of the tax plan. In this blog, we’ll look into the details of these highlights. - A new Interactive Digital Media Tax Credit worth 25% of eligible labour costs: The new refundable tax credit was created to attract and retain employment and investment in a growing global industry. This tax credit will provide eligible interactive digital media companies with a benefit worth 25% of eligible labour costs incurred after April 1, 2018. - An extension of the Alberta investor Tax Credit and Capital Investment Tax Credit to 2021-22: The Alberta Investor Tax Credit...
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998 Hits

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