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Financing of Refundable Tax Credits

Q: How much funding can be received?

Financing of Refundable Tax Credits Funds up to 100% of admissible expenses, capped at $50000 per project.

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Is the Financing of Refundable Tax Credits a grant, loan, or tax credit?

Financing of Refundable Tax Credits is a Tax Credits

Q: Who are the financial supporters of the Financing of Refundable Tax Credits?

Financing of Refundable Tax Credits is funded by Investissement Québec (IQ), Gouvernement du Québec

Q: Who is eligible for the Financing of Refundable Tax Credits program?

To be eligible for the Financing of Refundable Tax Credits program, you must: • Your business is eligible for tax credit financing if it qualifies for a refundable tax credit. • Your business must submit a cash budget that will be deemed sufficient to support the business’s operations.

Q: Who can I contact for more information about the Financing of Refundable Tax Credits?

You can contact Investissement Québec (IQ) or by phone at 1-844-474-6367.

Q: Where is the Financing of Refundable Tax Credits available?

The Financing of Refundable Tax Credits program is available the province of Quebec.

Q: Are startups eligible for the Financing of Refundable Tax Credits program?

Yes, startups are eligible to apply for the Financing of Refundable Tax Credits program.

Last Update: October 27, 2025

QC, Canada

Tax credit advance loan in Quebec

Tax Credits

Investissement Québec

Gouvernement du Québec

At a glance

Funding available

Financing goals

Integrate new technologies

Research and experimental development

Eligible Funding

Maximum amount : 50,000 $
Minimum amount : 50,000 $
Up to 100% of project cost

Timeline

Open Date : November 14, 2019

Eligible candidates

Eligible Industries

Manufacturing
Information and cultural industries
Professional, scientific and technical services

Location

Quebec

Legal structures

For-profit business

Annual revenue

All revenue ranges

Organisation size

All organization sizes

Audience

Startups

Overview

The Financing of Refundable Tax Credits program offers financial aid covering up to 100% of eligible tax credits, with a minimum loan guarantee of $50,000. It aims to assist businesses involved in activities like scientific research, digital transformation, and knowledge-based economic development.

Activities funded

Tax credits for scientific research and experimental development (SR&ED).
Tax credits for the digital transformation of print media companies.
Tax credits related to the knowledge-based economy, such as the Development of E-Business (CDAE) and Production of Multimedia Titles (PMT).
Tax credits related to payroll for Gaspésie and certain maritime regions of Québec (GAS).
Other tax credits, such as investment in manufacturing and processing equipment, construction or conversion of vessels (CTN), technological adaptation services (SAT), and tax credits for the integration of IT (CTIM).

Examples of admissible projects:

$ 50,000

Development of a renewable energy dashboard for small businesses

$ 50,000

Digital transformation of local newspaper, transitioning to an online platform

$ 50,000

Developing AI software for media detection and classification

$ 50,000

Creating a virtual reality (VR) educational tool for middle school students

$ 50,000

Implementation of an e-commerce platform for a regional cooperative

$ 50,000

Development of an advanced water purification system using nanotechnology

Eligibility

Your business is eligible for tax credit financing if it qualifies for a refundable tax credit.

Your business must submit a cash budget that will have to be deemed to be sufficient to support the business’s operations.

Who is eligible?

Yes, there are eligible types of companies for this grant. The financing solutions provided by Investissement Québec are designed for businesses that qualify for specific refundable tax credits as per tax legislation.

Businesses eligible for scientific research and experimental development (SR&ED) tax credits
Businesses involved in the digital transformation of print media companies
Businesses within the knowledge-based economy sector, such as those developing E-Business (CDAE) or producing Multimedia Titles (PMT)
Businesses eligible for payroll-related tax credits in Gaspésie and Certain Maritime Regions of Québec (GAS)
Businesses investing in manufacturing and processing equipment
Businesses involved in the construction or conversion of vessels (CTN)
Businesses using technological adaptation services (SAT)
Businesses integrating IT systems (CTIM)

Eligible expenses

This financing solution supports projects eligible for various refundable tax credits in Quebec, aimed at research, digital transformation, economic development, and more. These activities reflect government incentives to foster innovation and economic growth in specific sectors.

Scientific research and experimental development (SR&ED).
Digital transformation of print media companies.
Development of E-Business under the knowledge-based economy.
Production of Multimedia Titles.
Projects related to payroll in Gaspésie and certain maritime regions of Québec.
Investment for manufacturing and processing equipment.
Construction or conversion of a vessel.
Technological adaptation services.
Integration of IT and other specific refundable tax credit projects.

Eligible geographic areas

This grant primarily targets businesses located in the province of Québec, as the funding body, Investissement Québec, focuses its support on this region. The specified tax credits are aimed at fostering economic development within Québec's diverse industries.

Businesses operating within the province of Québec.

Selection criteria

Your business is eligible for tax credit financing if it qualifies for a refundable tax credit and can submit a sufficient cash budget to support its operations. Specific requirements and consultation with an advisor may be necessary for further details.

Your business must qualify for a refundable tax credit.
Your business must submit a cash budget deemed sufficient to support operations.
Special requirements and consultations with advisors may apply.

How to apply

Verification of eligibility criteria

Confirm that your company is eligible for a refundable tax credit.
Assess whether your project falls under eligible categories such as R&D, or digital transformations.

Preparation of the cash budget

Develop a cash flow budget demonstrating the company's ability to sustain its operations.
Ensure that your budget is complete and meets the requirements of the organization.

Contact Investissement Québec

Use the number 1 844 IQINFOS or visit the website investquebec.com for additional information.
Speak to an advisor for detailed guidance on the application process.

Compilation of the application file

Gather all required documents, including the cash flow budget and any documentation proving the eligibility of tax credits.
Complete all sections of the application form provided by Investissement Québec.

Submission of the file

Send all completed documents and the application form to Investissement Québec through a prescribed method (not specified in the provided context).

Additional information

This grant provides immediate liquidity by transforming future refundable tax credits into cash, offering support primarily to businesses in Québec. The financing terms are flexible, and various types of projects and tax credits are eligible for this financial assistance.

Guaranteed repayment of the net loss suffered by a financial institution that granted a loan.
Loan guarantees with variable conditions depending on the business’s situation.
The usual securities are required.

Documents and links

Financing of Refundable Tax Credits

Contacts

1-844-474-6367

QC, Canada

Apply to this program

Frequently Asked Questions about the Financing of Refundable Tax Credits Program

Here are answers to the most common questions about the Financing of Refundable Tax Credits. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the Financing of Refundable Tax Credits?

How much funding can be received?

What expenses are eligible under Financing of Refundable Tax Credits?

The grant supports projects that are eligible for refundable tax credits according to tax legislation in Québec. These initiatives span various economic activities including scientific research, digital transformation, and industrial advancements. Tax credits for scientific research and experimental development (SR&ED). Tax credits for the digital transformation of print media companies. Tax credits related to the knowledge-based economy, such as the Development of E-Business (CDAE) and Production of Multimedia Titles (PMT). Tax credits related to payroll for Gaspésie and certain maritime regions of Québec (GAS). Other tax credits, such as investment in manufacturing and processing equipment, construction or conversion of vessels (CTN), technological adaptation services (SAT), and tax credits for the integration of IT (CTIM).