Production, Processing and Manufacturing Activities

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, 2015.

 

ELIGIBILITY CRITERIA

 

Eligible Activities

• Wind power: wind-power production and manufacturing of wind turbines;

• Specifically for the Gaspésie–Îles-de-la-Madeleine administrative region: manufacturing activities classified under codes 31, 32 and 33 of the North American Industry Classification System (NAICS).

• Manufacturing and processing of finished or semi-finished products from peat or slate (Bas-Saint-Laurent and Côte-Nord);

• 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 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 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 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

 

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

This refundable tax credit is based on the increase in total payroll attributable to the 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, who will review it. 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 take advantage of our Financing of Refundable Tax Credits program.

 

December 2012

 

Marine Biotechnology, Mariculture and Marine Products Processing

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, 2015.

 

ELIGIBILITY CRITERIA

 

Eligible Activities

• Sea products: processing;

• Marine biotechnology: manufacturing and processing of finished or semi-finished products;

• Sea farming: cultivation of saltwater marine life (plant and animal);

• 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 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 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 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

 

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

This refundable tax credit is based on the increase in total payroll attributable to the eligible employees of a recognized corporation. The rate depends on the industry in question, as follows:

• 20% for marine product processing activities;
• 40% for marine biotechnology and mariculture activities.

 

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, who will review it. 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 take advantage of our Financing of Refundable Tax Credits program.

 

December 2012