Atlantic Investment Tax CreditUp to 10% of project cost
The Atlantic Investment Tax Credit is a federal tax credit administered by the Canada Revenue Agency that provides up to 10% of qualifying investments in new buildings, machinery, and equipment.
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Chase Miller, Chief Business Development Officer and Co-Founder
Chase Miller is Chief Business Development Officer and Co-Founder of Impact Applications, the Calgary grant consultancy he co-founded in April 2023 after running Synced Digital, a web agency for Alberta startups. He works directly with the firm's clients on their federal and provincial applications and writes and reviews the program guides on this site. LinkedIn
- average funding secured per client
- $334,132 average funding secured per client
- approval rate
- 94% approval rate
About this program
The Atlantic Investment Tax Credit is a federal tax credit administered by the Canada Revenue Agency that provides up to 10% of qualifying investments in new buildings, machinery, and equipment. The program supports economic development in Atlantic Canada by incentivizing capital investments in key sectors including farming, fishing, logging, manufacturing, processing, grain storage, peat harvesting, and new energy generation. Eligible businesses can claim the credit for qualified property acquired primarily for use in the Atlantic provinces and the Gaspé Peninsula region of Quebec.
Who is eligible
Companies investing in new buildings, machinery, and equipment primarily for use in Atlantic Canada in sectors such as farming, fishing, logging, manufacturing and processing, grain storage, peat harvesting, and energy generation. Investments must meet specified percentage criteria for qualified properties under the Income Tax Act.
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Official program pageQuestions about Atlantic Investment Tax Credit
Who is eligible for Atlantic Investment Tax Credit?
Companies investing in new buildings, machinery, and equipment primarily for use in Atlantic Canada in sectors such as farming, fishing, logging, manufacturing and processing, grain storage, peat harvesting, and energy generation. Investments must meet specified percentage criteria for qualified properties under the Income Tax Act.
How much does Atlantic Investment Tax Credit provide?
Up to 10% of project cost. The program covers up to 90% of eligible costs.
What costs does Atlantic Investment Tax Credit cover?
New buildings for farming, fishing, logging, manufacturing, and processing; New machinery and equipment; Grain storage projects; Peat harvesting operations; New energy generation and conservation property; Electrical energy or steam production equipment; Oil and gas investments (subject to phase-out); Mining activities under transitional rules
When is the Atlantic Investment Tax Credit deadline?
Open continuously Deadline type: Rolling.
Is Atlantic Investment Tax Credit repayable?
No. Atlantic Investment Tax Credit is tax credit; the funding is not repaid.