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Benefiting from a tax holiday for a large investment project
Tax relief for major Québec investments
Last Update: May 14, 2026
Funding available
Up to 25% of project cost
Timeline
- Closing date : December 31, 2029
Location
Quebec, Canada
Overview
This measure provides a tax holiday for large investment projects in Québec. It supports eligible corporations and partnerships carrying out major investments, with a maximum eligible amount of $1 billion per project.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Improve governance or administrative structure
- Increase production or service capacity
- Increase operational productivity
Eligible Funding
- Up to 25% of project cost
Timeline
- Closing date : December 31, 2029
Eligible candidates
Eligible Industries
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Manufacturing
- Wholesale trade
- Transportation and warehousing
- Information and cultural industries
- Professional, scientific and technical services
- Arts, entertainment and recreation
Location
- Quebec
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Large investment projects carried out in Québec
- Projects related to critical and strategic minerals in the mining sector
Documents Needed
- Application for an initial certificate
- Application for an annual certificate
- Independent auditor’s report
- Board of directors’ resolution authorizing tax holiday management
Eligibility
Who is eligible?
- Corporations
- Partnerships
Who is not eligible
- Joint applications involving multiple businesses
- Projects led by entities other than a corporation or partnership
Eligible expenses
- New equipment purchases
- Construction costs
- Other eligible investment expenditures for the project
Ineligible Costs and Activities
- Applications submitted after the deadline
- Applications for multiple projects in one file
- Projects outside Québec
Eligible geographic areas
- Québec
- Montréal metropolitan community
- Québec City metropolitan community
- Territories with low economic vitality in Québec
Selection criteria
- Location of the project in Québec
- Size of eligible investment expenditures
- Sector eligibility under the program rules
- Territory where the project is carried out
How to apply
- Step 1: Prepare the initial certificate application
- Complete an application for each project.
- Submit it before project spending exceeds $1 million.
- Ensure the investment period began within 12 months of the application date.
- Step 2: Pay the application fee
- Pay the fee required for the type of application filed.
- Send payment information within 60 days of the invoice.
- Step 3: Submit the application
- File the application with the Ministère des Finances.
- Use the online tax holiday service if applicable.
- Step 4: Apply for annual certificates
- After the initial certificate is issued, file an annual certificate application for each taxation year or fiscal period.
- Include the required independent auditor’s report for the first annual certificate.
Processing and Agreement
- Applications are reviewed by the Ministère des Finances.
- Processing starts only after payment is received.
- Administrative fees are non-refundable if the application is denied.
- An initial certificate must be obtained before annual certificates can be issued.
Additional information
- Joint applications are not permitted.
- An initial certificate is required first.
- Administrative fees apply to applications.
- An independent auditor’s report is required for the first annual certificate application.
Contacts
Frequently Asked Questions about the Benefiting from a tax holiday for a large investment project Program
What is the Benefiting from a tax holiday for a large investment project?
This measure provides a tax holiday for large investment projects in Québec. It supports eligible corporations and partnerships carrying out major investments, with a maximum eligible amount of $1 billion per project.
How much funding can be received?
Benefiting from a tax holiday for a large investment project Funds up to 25% of admissible expenses.
Who is eligible for the Benefiting from a tax holiday for a large investment project program?
To be eligible for the Benefiting from a tax holiday for a large investment project program, you must:
Corporation or partnership
Project in Québec
Minimum $100 million investment
What expenses are eligible under Benefiting from a tax holiday for a large investment project?
Large investment projects carried out in Québec
Projects related to critical and strategic minerals in the mining sector
Who can I contact for more information about the Benefiting from a tax holiday for a large investment project?
You can contact Government of Québec by email at congefiscal@finances.gouv.qc.ca or by phone at 418-691-2227.
Where is the Benefiting from a tax holiday for a large investment project available?
The Benefiting from a tax holiday for a large investment project program is available the province of Quebec.
Is the Benefiting from a tax holiday for a large investment project a grant, loan, or tax credit?
Benefiting from a tax holiday for a large investment project is a Tax Credits