SMBs and Large Corporations
Tax Credits

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

 

RÉGIONS ADMINISTRATIVES

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 is eligible for this tax credit, you may want to apply for financing for refundable tax credits 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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André Williot

Client Service Officer

1 844 474-6367