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ARTICLE · 11 AUGUST 2020

Reducing Red Tape: Restoring The Alberta Advantage

Cassels
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Cassels Brock & Blackwell LLP is a Canadian law firm focused on serving the transaction, advocacy,...

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The Government of Alberta has taken significant steps to promote and facilitate investment in the province by removing residency requirements for corporate directors and reducing the corporate tax...

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Evan Low
Evan Low
Corinne Grigoriu
Corinne Grigoriu
Natalie Thompson
Natalie Thompson
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The Government of Alberta has taken significant steps to promote and facilitate investment in the province by removing residency requirements for corporate directors and reducing the corporate tax rate.

Red Tape Reduction Implementation Act

On July 23, 2020 , Bill 22 – Red Tape Reduction Implementation Act 2020 (Bill 22) received Royal Assent and will come into force on various dates by proclamation. Bill 22 is an omnibus bill designed to remove unnecessary red tape and will amend 15 pieces of Alberta legislation with the purpose of encouraging investment and enhancing Alberta's competitiveness. These objectives are especially critical as the economy begins to reopen in the wake of COVID-19.

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