It wasn’t so long ago that Calgary’s burgeoning tech sector was being held up as a potential case study in diversification, a lighthouse to chart a course toward in a province rocked from oil-and-gas downturns.

Six months ago, many technology companies even said they had multiple positions left unfilled, citing the high skill levels required of any potential hires.

But changes introduced in Alberta’s provincial budget — including the elimination of grants many tech companies relied on — have forced Calgary’s tech sector to wrestle with a very different future.

Five tax credits — including the Alberta Investor Tax Credit (AITC) and the Capital Investment Tax Credit — were axed in the budget, and are expected to save $400 million by 2022-23, according to the government.

Speaking at a Calgary Chamber of Commerce luncheon in October, Finance Minister Travis Toews said…

Read More


Leave a Reply

Your email address will not be published.