This tax measure provides assistance for manufacturers that wish to extend the marketing of their products to locations outside Québec. Eligible companies receive a refundable tax credit on eligible certification expenses incurred up to December 31, 2015.
The refundable tax credit is equal to 24% of the eligible certification expenses. However, the maximum total amount of the tax credit is $45,000 for the credit application period.
Your company could qualify if the goods it produces are in the manufacturing sector covered by the measure and if they are made at an establishment in Québec.
Your company will be required to demonstrate:
1 The manufacturing sector activities covered by this credit are those classified under codes 321215, 321216, 321911, 321919, 326122, 326196, 326220, 331210, 332311, 332319, 332321, 332410, 332420, 332910, 3334, 333920, 335920 and 335930 of the North American Industry Classification System (NAICS) 2012.
Eligible goods mean a product that the company makes in Québec and for which it obtained certification that the product complies with the legal standards applicable outside Québec where the company intends to market the product. Such certification must be obtained before
January 1, 2017.
Eligible certification expenses for eligible goods mean the expenses incurred by the company within the year or in a prior taxation year that are directly attributable to certification of that good.
These expenses include fees paid to an external consultant who is dealing at arm’s length with the eligible company and directly related to product certification. All certification expenses for eligible goods must be related to the activities prescribed in the corporation certificate and carried on at an establishment of the eligible company located in Québec.
To qualify, your company must have a corporation certificate from Investissement Québec for every year for which it claims the tax credit.
Your company may claim the tax credit for eligible certification expenses incurred after March 20, 2012, but before January 1, 2016.
Fees are charged for the analysis of all eligibility applications. For more information, contact an Investissement Québec advisor or refer to the rates schedule on our website.
Fees are charged for processing all eligibility certificate applications.
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.