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Financing of Refundable Tax Credits

If your company qualifies for a refundable tax credit and you need liquidity to carry out your project right away, we can provide financing in the amount of your anticipated tax credits.

Illustration indicating that financing can cover up to 100% of refundable tax credits

Did you know?


With refundable tax credit financing, you can receive up to 100% of the total anticipated amount of your refundable tax credits for one fiscal year, right away.





Put your tax credits to work today

We know every situation is unique. That’s why we offer flexible terms tailored to your needs.



A loan or loan guarantee

A financial product that meets your requirements


Minimum financing of $50,000 for SRED tax credits and $20,000 for other
tax credits

Financing for all your projects, large and small


Financing for up to 100% of the refundable tax credits anticipated in one fiscal year

The chance to put your refundable tax credits to work immediately


A loan guarantee for up to 80% of a net loss

The possibility of obtaining additional funding, if required


Repayment of capital directly from your tax credit payment

Worry-free repayment

Eligibility Criteria

You can receive financing if your company qualifies for one of the following refundable tax credits:


Scientific Research and Experimental Development (SRED)


Knowledge-based economy


  • Development of E-Business (CDAE)
  • Diversification of Québec Manufacturing Companies (CDEM)
  • Major Employment-generating Projects (GPCE)*
  • Production of Multimedia Titles


* Only companies holding eligibility certificates may be granted financing. This measure expires on December 31, 2016.





  • Aluminum Valley (ALU)
  • Gaspésie and Certain Maritime Regions of Québec (GAS)
  • Processing Operations in Resource Regions (RR)*


* Only companies holding an initial qualification certificate may be granted financing. This measure is available through the end of calendar year 2012 or 2015, depending on the region.



Other tax credits


  • Construction or Conversion of a Vessel (CTN)
  • Integration of information technologies in manufacturing and primary sector SBMs (CTIM)
  • Investments for Manufacturing and Processing Equipment
  • Technological Adaptation Services (SAT)
  • Any other refundable tax credit



Companies in all industries are eligible, with the following exceptions:


  • Agriculture
  • Finance and insurance
  • Real estate
  • Retail sales and comparable activities
  • Services to individuals, except for the tourism sector
  • Other sectors where the client base is made up primarily of individualsrs


April 2015


Contact your expert

Benoît Larouche

Director, Business Development, New York

212 843-0976