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.

Eco-Financing

Investissement Québec

Business in one of the following sectors: Manufacturing; New economy (biotechnology, pharmaceuticals, information and computer technologies, aeronautics, aerospace, materials engineering and instrumentation); Research laboratories;  Tourism;  Recycling; Environmental restoration; Waste recovery and processing; Call centres; Aquaculture, sea farming, marine biotechnology and horticultural specialties.

Eligible Projects

• Acquisition of capital assets for greenhouse gas (GHG) reduction
• Working capital expenditures, including R&D for GHG reduction
• Expenditures for the qualification, quantification and certification of offset credits (carbon credits)
• Acquisition of offset credits to comply with your business sector standards

Loan or loan guarantee.

The minimum amount of the loan or loan guarantee provided by Investissement Québec is $50,000.

The maximum duration of the financial assistance is 10 years.

A loan guarantee can cover up to 70% of the net loss, or 75% in outlying regions.*

The maximum amount provided by the financial institution can be up to 100% of project-related expenses, depending on the nature of the project.

For loans granted directly by Investissement Québec, the amount provided can be up to 75% of the total project cost.

* Outlying regions include Abitibi-Témiscamingue, Bas-Saint-Laurent, Côte-Nord, Gaspésie-Îles-de-la-Madeleine, Mauricie, Nord-du-Québec, Outaouais (excluding the municipality of Gatineau) and Saguenay-Lac-Saint-Jean.