Applications open for Alberta Agri-processing Investment Tax Credit program

Apr 26, 2023

The program provides a 12 per cent non-refundable tax credit

By Diego Flammini
Staff Writer
Farms.com

Alberta is accepting applications for a new tax credit program.

Corporations investing $10 million or more to build or expand agri-processing facilities in the province are eligible to apply for the Agri-processing Investment Tax Credit (APITC).

The program, which minister of agriculture and irrigation Nate Horner introduced in February, provides a 12 per cent non-refundable tax credit to businesses meeting the $10 million threshold.

The program “is an incredible opportunity that will diversify our economy and help eligible corporations from across North America and the world expand their operations, save money and grow their agri-food processing business here in Alberta,” Horner said in an April 24 statement.

Applying for the APITC occurs in two stages.

The first is to apply for conditional approval.

Applicants are required to prepare and submit an investment plan and engineering estimate.

Once conditional approval is granted, successful applicants must submit a progress report every 180 days until the completion of the project.

The second step in the application process is to apply for the tax credit certificate.

This happens after the new or expanded facility is up and running.

Video: A Farm Song (Busy) | Parody of A Bar Song (Tipsy) by Shaboozey

Lyrics:

My days begin with workin’, Alarm’s at 5 o’clock,
I Fill 5 gallon buckets, The feeders and the troughs,
This five to nine ain’t workin’, why the heck do I work so hard?,
I can’t worry ‘bout health problems, I can sleep in when I’m gone,

One, here comes the two to the three to the four,
Tell em’ ‘buy another cow, we need plenty more’,
Blue jeans are gettin’ dirty, what else could I ask for,
Oh my, more chores

Someone pour me up another shot of sweet tea,
They know me and working hard’s got a history,
There’s another flock of sheep that still needs feed,
Everybody on the farm gettin’ busy,

Everybody on the farm gettin’ busy,
Everybody on the farm gettin’ busy,

I’ve been working pretty stressed but,
I ain’t changing for some cash,
Lord knows that I’m very blessed (More chores),
But I gotta say it’s hard,
Workin’ outside gettin’ charred,
Living out here on the farm, (more chores)

One, here comes the two to the three to the four,
Tell em’ ‘buy another cow, we need plenty more’,
Blue jeans are gettin’ dirty, what else could I ask for,
Oh my, more chores

Someone pour me up another shot of sweet tea,
They know me and working hard’s got a history
There’s another 20 chickens that still need feed,
Everybody on the farm gettin’ busy,

Everybody on the farm getting’ busy,
Everybody on the farm gettin’ busy,

Fun, here on ranch that’s what you can’t ignore,
Might be pretty hard but I love it to its core,
Flannel’s gettin’ dirty, what else could I ask for,
Oh my, more chores (Tell ‘em sing with me)

Someone pour me up another shot of sweet tea,
They know me and working hard’s got a history,
There’s another flock of sheep that still needs feed,
Everybody on the farm gettin’ busy,
Someone pour me up another shot of sweet tea,
They know me and working hard’s got a history,
Watching cattle in the dark, don’t miss me,
Everybody on the farm gettin’ busy,
(Yeeeeeehaw)
Everybody on the farm gettin’ busy,
Everybody on the farm gettin’ busy,
It’s the best bro, go get yourself a farm