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SMBs and Large Corporations
Tax Credits
Gaspésie and Maritime Regions
This measure is designed to encourage job creation in certain maritime regions of Québec, including Bas-Saint-Laurent, Côte-Nord and Gaspésie–Îles-de-la-Madeleine. Eligible corporations can obtain a tax credit until December 31, 2025.
Details of Tax Assistance
Credit Rate
The refundable tax credit is calculated based on the total eligible payroll. The rate varies depending on the activity:
- 30% for marine biotechnology, mariculture and recreational and tourism activities.
- 15% for all other eligible activities.
Eligibility Criteria
Eligible Activities for Each Region
|
RÉGIONS ADMINISTRATIVES |
GASPÉSIE– |
CÔTE-NORD |
BAS-SAINT-LAURENT |
|---|---|---|---|
|
Manufacturing activities |
Yes |
No |
No |
|
Marine biotechnology and mariculture |
Yes |
Yes |
Yes |
|
Manufacturing or processing of finished or semi-finished products from slate or peat |
Yes |
Yes |
Yes |
|
Production of wind power and manufacturing of wind turbines |
Yes |
No |
La Matanie RCM only |
|
Processing of sea products |
Yes |
Yes |
La Matanie RCM only |
|
Recreational and tourism activities
|
Îles-de-la-Madeleine only
|
No
|
No
|
Eligible Employees
To be eligible, employees must work in a facility operated by an eligible corporation located in an eligible region and devote at least 75% of their time to tasks directly related to eligible activities, which exclude, for instance, general administrative tasks.
Eligible Wages
The eligible wage corresponds to employment income generally calculated pursuant to the Taxation Act, i. e. the salary or wages paid to an eligible employee up to an annual limit of $83,333.
Specific Requirements
To be entitled to the tax credit, your corporation must obtain an initial qualification certificate issued by Investissement Québec.
To obtain the certificate, your corporation must demonstrate, among other things, that it can, within a reasonable length of time, create the equivalent of at least three full-time positions in a facility located in an eligible region.
Each year, your corporation must also obtain from Investissement Québec a business qualification certificate for its activities along with an employee certificate for its eligible employees.
Eligibility Period and Duration
This tax credit is available until December 31, 2025. The recognized corporation’s operations in the eligible region must begin no later than December 31, 2025.
Fees
Investissement Québec charges a fee for issuing initial qualification or eligibility certificates. For more information, contact an Investissement Québec advisor or see the rates schedule on our website.
How to obtain the tax credit
- Complete the applications for an initial qualification certificate (in French) and a business qualification certificate and send them to us.
- Once it has completed its review, Investissement Québec will confirm whether your company is eligible.
- If you have any questions, call one of our experts at
1 844 474-6367.
Fees are charged for processing all eligibility certificate applications.
Documents
- Detailed Fact Sheet - Production, processing and manufacturing activities (in French)
- Detailed Fact Sheet - Marine biotechnology, mariculture and marine product processing activities (in French)
- Rates Schedule (in French)
Forms
- Application for an Initial Qualification Certificate (in French)
- Abridged Application for an Initial Qualification Certificate (merger)
(in French)
Application for a Business Qualification Certificate and an Employee Certificate:
- Eligibility Calendar Year (in French)
Want to receive your refund right away?
If your company is eligible for this tax credit, you may want to apply for financing for refundable tax credits to put your cash to work sooner. For more details, please contact one of our financing experts at
1 844 474-6367.
February 2021