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.
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.
The eligible wage corresponds to employment income generally calculated pursuant to the Income Tax Act.
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 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.
Complete the form and send it to Investissement Québec. If your corporation is eligible, you will receive an eligibility certificate.
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.