The Government of Alberta has made some updates to the Agri-Processing Investment Tax Credit program, aiming to reduce red tape and streamline the application process for registered partnerships.
As of December 10, 2024, registered partnerships can now apply using a single application when investing at least $10 million to build or expand a value-added agricultural manufacturing facility in Alberta. Previously, each corporation within a partnership had to apply individually and meet the minimum investment amount.
RJ Sigurdson, Minister of Agriculture and Irrigation, emphasized the province’s commitment to fostering a competitive business environment and creating new jobs in the food manufacturing and bioprocessing industries.
“We’re encouraging all food manufacturers and bioprocessors to check it out and apply online,” says Minister Sigurdson.
Key features of the updated program include: