Financing of Refundable Tax Credits
Tax credit advance loan in Quebec
At a glance
Eligible Funding
- 100% of project cost
Timeline
- Open Date : November 14, 2019
Financing Type
Loans and Capital investments
Eligible Industries
- All industries
Grant Providers
- Investissement Québec
- Gouvernement du Québec
Status
Open
Overview
If you're eligible for a refundable tax credit and need the funds to carry out your project right away, you can get a loan of up to 100% of the anticipated amount, starting at $50,000 for scientific research and experimental development (SR&ED) tax credit
Eligibility criteria
Eligible businesses must qualify for a refundable tax credit to access financing through this program. Special requirements include submitting a sufficient cash budget to support the business's operations.
- Your business must be eligible for a refundable tax credit
- Your business must submit a cash budget deemed sufficient for operations
Who is eligible
Eligible companies for the grant include those that qualify for a refundable tax credit. Special requirements may apply, and a cash budget must be submitted to support the business's operations.
- Companies eligible for refundable tax credits pursuant to tax legislation
- Companies involved in scientific research and experimental development (SRED)
- Digital transformation of print media companies
- Those engaged in the knowledge-based economy, such as development of E-Business (CDAE) and production of Multimedia Titles
- Companies related to payroll, like Gaspésie and Certain Maritime Regions of Québec (GAS)
- Other types of companies eligible for various tax credits, such as Investments for Manufacturing and Processing Equipment, Construction or Conversion of a Vessel (CTN), and more
Eligible expenses
Yes, eligible expenses for this grant include tax credits for scientific research and experimental development (SRED), tax credits for the digital transformation of print media companies, tax credits related to the knowledge-based economy, tax credits related to payroll, and other refundable tax credits.
- Scientific research and experimental development (SRED)
- Digital transformation of print media companies
- Knowledge-based economy tax credits
- Payroll tax credits
- Other refundable tax credits
Eligible projects & activities
There are several projects eligible for the financing of refundable tax credits:
- Tax credits for scientific research and experimental development (SRED)
- Tax credits for the digital transformation of print media companies
- Tax Credit to Support Print Media Companies
- Tax credits related to the knowledge-based economy:
- Development of E-Business (CDAE)
- Production of Multimedia Titles
- Tax credits related to payroll:
- Gaspésie and Certain Maritime Regions of Québec (GAS)
- Other tax credits
- Investments for Manufacturing and Processing Equipment
- Construction or Conversion of a Vessel (CTN)
- Technological Adaptation Services (SAT)
- Tax credits for the integration of IT (CTIM)
- Any other refundable tax credit
Evaluation & selection criteria
There are evaluation and selection criteria for this grant:
- Your business must qualify for a refundable tax credit to be eligible for tax credit financing.
- Your business must submit a cash budget deemed sufficient to support operations.
How to apply
Step 1:
- Ensure your business qualifies for a refundable tax credit.
- Submit a cash budget that shows sufficient support for your business operations.
- Complete the application for a guarantee for financing of refundable tax credits, following the specific requirements for each tax credit category.
Apply to this program