Alberta has several incentive programs that may be of interest to foreign investors considering Alberta as a location for greenfield investment or business expansion. Programs include direct incentives such as grants, loan programs and tax credits in a broad range of sectors.
Calgary is Western Canada’s head office hub and has the highest concentration of head offices of any major city in Canada.
As a result, the city has become one of the country’s top global finance centres and many of the world’s most prominent firms have a presence in Alberta.
Led by capital intensive industries like oil and gas, Alberta invests more per capita than any other province. In 2022, Alberta’s per capita investment spending was $14,000 which was the highest per capita spending of all provinces and 78% higher than the Canadian average of $7,880 per capita.
Alberta has also seen record-high venture capital (VC) investments. Since 2013, over $2.6 billion VC dollars have been invested across over 231 Alberta companies. Alberta is also home to the second most private equity firms in the country.
INCREASING ACCESS TO CAPITAL
The Alberta Securities Commission (ASC) has amended the self-certified investor prospectus exemption to provide greater flexibility to businesses and investors. This exemption has been implemented on a three-year pilot basis expiring on March 31, 2024.