2016-17 Corporate Income Tax (CIT) Indicators

One of the programs that TRA administers is the Alberta Corporate Income Tax Program. The Alberta Corporate Tax Act (ACTA) provides for the calculation of:

  • Alberta corporate income tax for corporations with a permanent establishment in Alberta, including Alberta deductions and credits such as the Alberta small business deduction, Alberta foreign investment income tax credit, Alberta political contributions tax credit and scientific research and experimental development (SR&ED) tax credit; and

  • Insurance premiums tax payable by insurers carrying on the business of insurance in Alberta.

For more information about the administration of Corporate Income Tax, please visit the Corporate Income Tax Overview page.

The following indicators provide a snapshot of TRA’s 2016-17 fiscal year with respect to the administration of ACTA.


Of CIT Returns Filed, Percentage Filed on Time

Of CIT Returns Filed,
Percentage of Returns Filed on Time - TARGET
Of CIT Returns Filed,
Percentage of Returns Filed on Time - RESULT

85%

83%

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CIT Returns Filed Online using NetFile

TRA offers Alberta corporate income tax filers the option of filing returns in electronic format. See more information about NetFile.

If you are interested in other electronic self-service options, sign up for TRA Client Self-Service (TRACS), which allows you to view the progress of a return, verify your account balance and update your address.

Percentage of Returns Filed Online
using NetFile
Number of CIT Returns Filed Online
using NetFile

84%

210,140

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CIT Revenue Recorded and Returns Processed

CIT
Revenue Recorded
Number of
CIT Returns Processed

$3.69 billion

258,074

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Total Outstanding CIT Debt Resolved in 2016-17

Represents the dollar amount of debt related to corporate income tax that was closed within the fiscal year.

Total Outstanding CIT Debt
Resolved - TARGET
Total Outstanding CIT Debt
Resolved - RESULT

$185 million

$166 million

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Growth of Pursuable Alberta CIT Debt

Pursuable debt represents debt where TRA can take collection action. TRA strives to take collection action on all debt not under dispute, i.e., pursuable. TRA targets a 0% growth rate in the amount of pursuable debt outstanding.

Growth of Pursuable Alberta
CIT Debt - TARGET
Growth of Pursuable Alberta
CIT Debt - RESULT

< 0%

-8%

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Total CIT Debt Written-Off as a Percentage of CIT Revenue

Writing off a debt does not forgive or extinguish the legal right of TRA to collect the debt, nor does it release the debtor from the obligation to pay.

Total CIT Debt Written-Off as a
Percentage of Revenue - TARGET
Total CIT Debt Written-Off as a
Percentage of Revenue - RESULT

< 1.0%

0.65%

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Page last updated:  October 4, 2017