Alberta unveils agricultural processing tax credit to spur investment - BNN Bloomberg

The Alberta Agri-Processing Investment Tax Credit will be available to the agricultural industry by the spring, according to a news release from Alberta’s provincial government on Tuesday. The province said the new tax credit attempts to capitalize on growing global demand for processed and packaged food.

Food was the largest manufacturing industry in the province in 2021, the release said, accounting for 23.8 per cent of manufacturing sales during that year. Through the Alberta Agri-Processing Investment Tax Credit, the release said eligible companies that make a minimum capital investment of $10 million into agricultural processing will receive a 12 per cent non-refundable tax credit.

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