Alberta Corporate Tax Amendment Act Introduced to Remove “the Grind” from SR&ED

Because of the scheduled legislation to remove “the Grind” from Alberta SR&ED claims this fall, the Alberta Corporate Tax Act will be amended to address the forthcoming technical changes.  As a result, AT1 Schedule 9 has been revised and be used for the Alberta SR&ED tax credit for all taxation years.

The reduction in the federal investment tax credit when calculating the Alberta SR&ED tax credit (“the Grind”) will be eliminated for taxation years ending after March 31, 2012. For taxation years ending on or before March 31, 2012, a new form, AT1 Schedule 9 Supplemental, has been developed for calculating the Grind. Claimants are to use it with AT1 Schedule 9 for taxation years ending on or before March 31, 2012.

Claimants do not need to complete the new AT1 Schedule 9 Supplemental for taxation years ending after March 31, 2012.

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