This measure is designed to stimulate operations involving the manufacturing or processing of finished or semi-finished products from aluminium in the Saguenay–Lac-Saint-Jean region. Eligible corporations can obtain a tax credit until December 31, 2015.

ELIGIBILITY CRITERIA

Eligible Operations

• Manufacturing of finished or semi-finished products from aluminum having already undergone primary processing.
• Reclamation and recycling of wastes and residue from aluminum processing.
• Marketing of a product or equipment (marketing activities must be incidental to manufacturing or processing activities).

Eligible Employees

To be eligible, employees must work in a facility operated by an eligible corporation, located in the Saguenay— Lac-Saint-Jean 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 Income Tax Act.

Special Requirements

To be entitled to the tax credit, your corporation must be recognized; i.e., it must hold an eligibility 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 the Saguenay–Lac-Saint-Jean 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

Applications for this tax credit may be submitted until December 31, 2015. The recognized corporation's operations in the eligible region must begin no later than December 31, 2015.

DETAILS OF TAX ASSISTANCE

Nature of Assistance

Refundable tax credit based on payroll increase attributable to eligible employees of a recognized corporation, calculated as follows:

* In general, the base calendar year is that preceding the first calendar year of eligibility for the tax credit.

Fees

Fees are charged for the analysis of all eligibility certificate applications. For more information, contact an Investissement Québec advisor or see the rates schedule on our website.

PROCEDURE

Step 1

Contact an Investissement Québec advisor , who will answer your questions and tell you where to get a copy of the application form for an eligibility certificate on our website.

Step 2

Complete the form and send it to Investissement Québec. If your corporation is eligible, you will receive an eligibility certificate.

Step 3

At your financial year-end, submit your applications for an annual eligibility certificate. Remember: your application must be for a full calendar year.

You can also take advantage of our Financing of Refundable Tax Credits program.

December 2012