Alberta SR&ED

Alberta SR&ED is managed by Alberta Ministry of Finance and Enterprise.

Available to: Any corporation with permanent set-up in Alberta that is involved in SR&ED and qualified for federal SR&ED tax credit after December 31, 2008. It is refundable at 10% on up to $4 million in eligible expenditure. Please note that the definition of eligible expenditure was revised after December 31, 2012.

The deadline to claim the credit: 15 months after the corporation’s filing due date.

Carryback and carryforward: The tax credit cannot be carried back or forward.

Assistance: The federal pool of deductible and eligible SR&ED credit will be cut down by the Alberta SR&ED tax credit.

Recapture: Not required

Potential to renounce: Not required