Incentives

Learn about stackable incentives

Our goal in the AIH is to create the most favorable business climate possible to help your company grow and see a return on your investment. Leveraging incentives can help position your organization for stable, long-term growth and accelerate the potential revenues.  Within the AIH, we are fortunate to be able to leverage multiple stacking incentive opportunities present within the province and country. 

Alberta Carbon Capture Incentive Program

The Alberta Carbon Capture Incentive Program (ACCIP) will support and accelerate the development of new carbon capture, utilization and storage (CCUS) infrastructure by providing incentives for facilities to incorporate this technology into their operations. ACCIP will help hard-to-abate industries by providing a grant of 12 per cent for new eligible CCUS capital costs.

Alberta petrochemical incentive program

The Alberta Petrochemicals Incentive Program (APIP) is designed to enhance certainty and flexibility for investors and cut red tape for petrochemical projects. Grants worth 12% of a project’s eligible capital costs will be issued to companies after projects are operational. Grants allow companies to account for the full value of the incentive provided when calculating their project’s return on investment.

Heartland Incentive Program

The Heartland Incentive Program is a unique incentive program built to encourage industrial development in Alberta’s Industrial Heartland. This program offers incentives to new projects or expansions within the energy value chain. The program provides direct municipal tax incentives valued between 1 – 2.5% of the project’s total capital cost depending on the project’s qualities.

  • Click HERE to download the HIP Fact Sheet.

Stackable Incentive programs 

We understand the unique challenges and opportunities that exist within the petrochemical industry, and we are committed to helping businesses thrive in this dynamic sector. The wide array of incentive programs available in AIH are designed to provide support to companies, encouraging growth, innovation, and sustainable practices. By accessing these incentives, companies can enhance their competitiveness, accelerate their growth, and stay at the forefront of the industry.

Strategic Innovation Fund

The Strategic Innovation Fund (SIF) supports large-scale, transformative and collaborative projects. SIF can provide flexible supports for strategic projects in Business Innovation and Growth as well as Collaborations and Networks. Early engagement is recommended with the SIF administration team to ensure project alignment and application quality.

Scientific Research and Experimental Development Tax Credits

The Scientific Research and Experimental Development (SR&ED) tax incentives encourage businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada. These incentives include a deduction against income as well as an investment tax credit.

Accelerated Capital Cost Allowance

This Accelerated Capital Cost Allowance offers an accelerated depreciation for favourable tax treatment for approved companies. This program allows investors to write off a larger share of the costs of newly acquired capital assets in the year the investment is made, or the asset becomes available for use.

Learn more about Accelerated Capital Cost Allowance

Carbon Capture Utilization and Storage (CCUS) Tax Credit

The CCUS Tax Credit offers advantages for those looking to utilize this technology. The program offers 50% tax credits for carbon capture equipment and 37.5% tax credits for CO2 transportation, storage, and utilization.