Alberta banks on $90M Investor Tax Credit to expand tech industry

People who provide working capital to certain types of digital and technological companies in the province will qualify for the Alberta Investor Tax Credit, the province announced Monday.

Investors can claim a 30-per-cent tax credit if they help fund information technology, clean technology, health technology, interactive digital media and game products, and post-production, visual effects and digital animation companies.

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The program, known as AITC, was announced in Thursday's budget but few details were provided at the time.

The government is aiming the two-year $90-million program at these types of companies in hopes of diversifying the economy and creating new jobs.

Eligible investors can start applying for the credit in January 2017.