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Canada: Alberta announces Innovation Employment Grant to support R&D and reignite technology investment

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Canada

Executive summary

On 22 July 2020, Alberta premier Jason Kenney announced the launch of the Innovation Employment Grant (IEG) set to come into effect on 1 January 2021. The IEG will provide grants worth up to 20% of a company’s research and development (R&D) costs incurred in Alberta. Supporting legislation will be introduced in the fall of 2020. Qualifying corporations will receive an 8% …

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