How much funding can be received?

Funds up to 30% of admissible expenses, capped at $225000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Capital Synergie?

Capital Synergie is funded by Investissement Québec (IQ)

What are Capital Synergie's eligibility criterias?

Must be a Canadian-controlled private corporation (CCPC) operating a business in Quebec. Must have a paid-up capital of less than $15 million and gross revenue under $10 million. Must be engaged primarily in eligible activities and have operated in these activities for at least 12 months.

Capital Synergie

Last Update: July 18, 2025

QC, Canada

Supports business investment in innovative, high-growth Quebec companies

Capital Synergie at a glance

Eligible Funding

Max. $225,000
Up to 30% of project cost

Timeline

Archived

Financing Type

Tax Credits

Eligible Industries

Manufacturing
Information and cultural industries
Professional, scientific and technical services

Grant Providers

Investissement Québec (IQ)

Status

Archived

Overview of the Capital Synergie program

The Capital Synergie tax credit offers up to $225,000 annually as a non-refundable tax credit to encourage business partnerships and synergy by supporting investments in innovative, growth-driven Quebec companies. Eligible activities include life sciences, manufacturing and processing, green technologies, artificial intelligence, and information technologies.

Financing terms and conditions

Non-refundable tax credit equal to 30% of eligible investments, up to a maximum annual credit of $225,000 per investor.
Each eligible investment is capped at $750,000 per year for the credit calculation.
The authorized placement amount for a company cannot exceed $1 million per 12-month period.

Eligible projects & activities

Research, development, production, and commercialization in life sciences, including human or animal health medications and medical products.
Manufacturing or processing activities, including the transformation of materials or goods.
Development and implementation of green technologies to enhance energy efficiency, reduce greenhouse gas emissions, or minimize environmental impact.
Design and development of artificial intelligence solutions.
Information technology projects, such as software publishing, video game development, data processing, data hosting, and related computing systems services.

Examples of admissible projects:

$ 182,500

Upgrade manufacturing facility with automation and safety equipment

$ 120,500

Launch coworking space with accessible infrastructure and digital services

$ 90,000

Digitize archives and develop mobile app for heritage education access

$ 80,500

Create an online bilingual e-commerce platform for local artisans

$ 65,000

Expand community kitchen by purchasing equipment and increasing capacity

$ 145,000

Implement solar panel systems and energy-efficient retrofits for offices

Eligibility criteria of the Capital Synergie program

The applicant must be a private corporation under Canadian control (SPCC) throughout its most recent completed fiscal year before application.
The company must operate a business and have an establishment in Quebec, carrying out at least 75% of its activities in Quebec during that fiscal year.
The corporation must have a paid-up capital of less than $15 million for the relevant fiscal year.
The gross revenue must be less than $10 million for the most recent fiscal year and the company must primarily be engaged in eligible activities.
The company must demonstrate it has been conducting eligible activities in Quebec for at least 12 months prior to applying.

Who is eligible?

Private Canadian-controlled corporations (SPCCs) operating in Quebec
Innovative and growing companies meeting financial and control criteria
Companies active primarily in Quebec (at least 75% of activities)
Businesses operating in sectors such as life sciences, manufacturing or processing, green technologies, artificial intelligence, and information technologies

Who is not eligible

Financial institutions, investment companies, mortgage investment corporations, or mutual fund corporations.
Companies primarily engaged in renting, developing, or selling real estate they own.
Companies mainly engaged in lending money or investing funds in shares, bonds, debentures, promissory notes, mortgages, or similar securities.
Crown corporations or wholly controlled subsidiaries of Crown corporations.

Eligible expenses

Use of funds for investments directly related to the operation of the company in connection with eligible activities, as described in the application for the authorized placement certificate and any modifications approved by Investissement Québec.
For companies primarily engaged in manufacturing and processing (excluding life sciences, green technologies, or information technologies): investments to improve the use or integration of new technologies, including the digitization or automation of business operations.

Eligible geographic areas

Québec

How to apply to the Capital Synergie program

Confirm company eligibility

Verify that your company is a Canadian-controlled private corporation (CCPC)
Ensure your principal activities are eligible (e.g., life sciences, manufacturing, green technologies)
Confirm the business is established and operating in Quebec
Check that your share capital and gross revenue limits are met
Demonstrate at least 12 months of eligible business activities

Prepare application documents

Gather required financial statements and income tax returns
Prepare a detailed business plan for use of funds from the share issuance
Assemble supporting documents specified in the application form annexes
Obtain any necessary authorizations for information sharing

Submit placement certificate request

Complete the prescribed application form for the authorized placement certificate
Ensure the form is signed and all annexes and supporting documents are included
Submit the entire application to Investissement Québec

Await placement certificate decision

Wait for Investissement Québec to analyze your application
Receive approval or requests for additional information
Obtain the authorized placement certificate if eligible

Issue shares to investor

Issue common voting shares to the eligible investor following certificate approval
Ensure shares are fully paid at fair market value
Respect the allocation limits and conditions set by Investissement Québec

Submit tax credit claim

Investor prepares and files tax credit application with Revenu Québec
Attach the authorized placement certificate and written confirmation of share issuance
Complete the prescribed Revenu Québec tax credit form
Submit documentation no later than 18 months after the end of the relevant fiscal year

Additional information

Investissement Québec charges fees for the analysis of applications and for attestations of eligibility.
There are penalties for providing false or inaccurate information, or for hindering the work of Investissement Québec representatives.
Periodic submission of financial statements and descriptions of fund utilization is required for compliance.
Investissement Québec may visit the applicant's facilities during the eligibility period to verify the information provided.