The new Alberta Innovation Employment Grant (IEG), which came into effect on January 1, 2021, provides phased funding for qualifying small and medium-sized corporations. Corporations who qualify for the grant could receive an amount equal to 8% of their base R&D expenditures (calculated as the corporation's average qualifying R&D spending over the previous two years), and 20% of spending that is above that base amount. Taxpayers may qualify for the grant on up to $4 million in annual R&D spending.

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