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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, 2020.

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

 


  ADMINISTRATIVE REGIONS


GASPÉSIE–
ÎLES-DE-LA-MADELEINE


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, 2020. The recognized corporation’s operations in the eligible region must begin no later than December 31, 2020.

 

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 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

 

 

Forms

 

 

Application for a Business Qualification Certificate and an Employee Certificate:

Want to receive your refund right away?

If your company qualifies for this tax credit, you can apply for our Financing of Refundable Tax Credits program to put your cash to work sooner. For more details, please contact one of our financing experts at 1 844 474-6367.

February 2016

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Benoît Larouche

Director, Business Development, New York

212 843-0976