DIRECT FINANCIAL ASSISTANCE

Quebec Economic Development Program (QEDP): Provides forgivable and non-forgivable loans generally up to 50% of authorized costs.

TAX INCENTIVES

Scientific Research and Experimental Development Tax Credit (SR&ED): Refundable tax credit available to qualifying companies for up to 14% of eligible research and development activities.

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Tax Credit for Quebec Gaspésie and Maritime Regions: A refundable job creation tax credit for projects in Gaspésie and certain Québec maritime regions.  Tax credits range from 15% to 30% of payroll for eligible employees depending on project location and industry activity.‍

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Tax Credit for the Production of Multimedia Titles: A refundable tax credit of 26.25% to 37.5% is granted to corporations that produce eligible multimedia titles. To be eligible, a multimedia title must be produced in an electronic medium, be run using software that supports interactivity, and present, in significant proportions, at least three of the following four types of data: text, sound, still images, moving images.‍

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Tax Credit for E-Business: Tax credit equal to 30% (24% refundable and 6%non-refundable) of payroll to eligible employees in the information system design or software publishing field. The credit has an annual maximum amount of$25,000 per eligible employee. ‍

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Tax Credit for International Financial Centres: Refundable tax credits for 24% of new employee salaries up to $18,000 per job per year are available for projects involving an international financial centre in the City of Montréal.‍

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Financing of Refundable Tax Credits: Companies qualifying for a number of refundable tax credits can receive loans of up to 100% of future anticipated tax credits.  ‍

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Foreign Researchers and Experts Tax Holiday: Five-year personal income tax holiday is available to foreign-based employees engaged in R&D activities in Quebec. The tax holiday provides a 100% exemption from the Quebec provincial income tax for the first two years, then reducing by 25% for the remaining term.‍

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Major Investment Projects: A corporation or a partnership that carries out a large investment project of $100M or more in Québec may be entitled to an income tax holiday or a holiday from the employer contribution to the HealthServices Fund. This tax holiday consists of a deduction in the calculation of taxable income, in the case of a corporation, and an exemption from the employer contribution to the health services fund with regard to the eligible activities relating to such a project, in the case of a corporation or a partnership. The tax holiday can be up to 15%, 20%, or 25% of the total eligible investment expenditures. ‍

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Last Updated: July 2023