Interim Financing of Tax Credits

Investissement Québec

Businesses that qualify for one of the following tax credits:

• Knowledge-based economy: Development of E-Business (CDAE); Biotechnology Development Centres (CDB); Major Employment-generating Projects in the IT Sector (GPCE); Production of Multimedia Titles (PTM); Technological Adaptation Services (SAT); Information Technology Development Centres (CDTI); Cité Multimédia de Montréal (CMM); New Economy Centres (CNE); Centre national des nouvelles technologies de Québec (CNNTQ); E-Commerce Place (CCE).
• Payroll increase: Aluminum Valley (VA); Gaspésie and Certain Maritime Regions of Québec (GM); Processing Operations in Resource Regions (AT); E-Business Activities (AAE);
• Scientific research and experimental development (SRED): Federal and provincial sections;

Loan guarantee or loan.

Minimum amount of loan guarantee: $50,000 for the SRED tax credits and $20,000 for the other tax credits.

Minimum amount of loan guaranteed by Investissement Québec: $62,500 for the SRED tax credits and $25,000 for the other tax credits.

The loan guarantee can cover up to 80% of the net loss.

The maximum duration for financial assistance is 18 months.

For loans, the amount granted by Investissement Québec may cover up to 75% of refundable tax credits for a given fiscal year.

Businesses in Québec with 200 employees or less.

Non repayable contribution that can cover up to 40% of eligible expenditures (50% for specialized collaborative networks), without exceeding $50,000 per project.

Total government funding may not exceed 50% of total project expenditures (60% in the case of specialized collaborative networks).

Businesses in Québec with 200 employees or less.

Non repayable contribution covering 50% of the employee's wages, without exceeding:

• $15,000 a year for a college degree holder;
• $20,000 a year for a Bachelor's degree holder;
• $25,000 a year for a Master's degree holder or a PhD.

The maximum duration for financial assistance is two years.

Businesses in Québec with 200 employees or less.

Note: Regional priorities may apply.

Non repayable contribution of up to 40% of eligible expenditures. Maximum: specialist's wages for one year: $20,000.

Total government funding may not exceed 50% of total project expenditures.

Businesses in Québec.

Non repayable contribution that can cover from 30% to 50% of the wages involved.

Priority is given to processing companies and business service organizations devoted primarily to developing new markets.

Non repayable contribution that can cover up to 25% of training costs, but not exceed $4 million.

Non repayable contribution that can cover up to 50% of human resources management costs, but not exceed $100,000.

Businesses in Québec with a payroll between $250,000 and $5 million.

For the development and implementation of a training plan.

Non repayable contribution.

Gaspésie and Certain Maritime Regions of Québec

Investissement Québec

Eligible businesses:

• Business in the Gaspésie-Îles-de-la-Madeleine, Côte-Nord, Matane RCM or Bas-Saint-Laurent regions that carry on eligible operations or start carrying on eligible operations by no later than the 2015 calendar year and that create at least three full-time jobs.

Eligible operations:

• Processing of seafood products;
• Manufacturing and processing of finished or semi-finished marine biotechnology products;
• Production of wind energy and manufacturing of wind turbines;
• Aquaculture;
• Marketing activities that are incidental to the above-mentioned operations;
• All manufacturing operations carried on in the Gaspésie-Îles-de-la-Madeleine administrative region.
  

Refundable tax credit covering 20% of the payroll increase.

For businesses in the marine biology and aquaculture sectors, the tax credit is 40% of the total wages paid to eligible employees of the business and is not based on the payroll increase.

Available until December 31, 2015.

Aluminum Valley

Investissement Québec

Eligible businesses:

• Businesses in the Saguenay-Lac-Saint-Jean region that carry on eligible operations or start carrying on eligible operations by no later than the 2015 calendar year and that create at least three full-time jobs.

Eligible operations:

• Manufacturing of finished or semi-finished products from aluminum having already undergone primary processing;
• Reclamation and recycling of waste and residue from aluminum processing;
• Marketing activities that are incidental to the above-mentioned operations.

Refundable tax credit covering 20% of the payroll increase.
Available until December 31, 2015.  

Businesses that carry on operations related to the manufacturing sector.

Tax credit covering 30% of expenditures incurred after November 23, 2007 and before January 1, 2012 to train employees who primarily perform or supervise tasks involved in an eligible operation.

The training expenditures eligible for the 30% tax credit include the cost of training in which the employee is registered and the wages paid to the employee during training; such wages may not exceed twice the cost of the training.