Financing of Refundable Tax Credits
QC, Canada
Tax credit advance loan in Quebec
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateNovember 14, 2019
- grant_single|grantStatusClosed
grant_single|financingType
Tax Credits
grant_single|eligibleIndustries
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
grant_single|grantors
- Gouvernement du Québec
- Investissement Québec (IQ)
grant_single|status
grant_card_status|open
grant_single_labels|preview
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
grant_single_labels|projects
Yes, there are several projects or activities eligible for this grant.
- Tax credits for Scientific Research and Experimental Development (SR&ED)
- Tax credits for the Digital Transformation of Print Media Companies
- Tax credits for Development of E-Business (CDAE)
- Tax credits for Production of Multimedia Titles (PMT)
- Tax credits related to payroll for Gaspésie and Certain Maritime Regions of Québec (GAS)
- Tax credits for Investment in Manufacturing and Processing Equipment
- Tax credits for Construction or Conversion of a Vessel (CTN)
- Tax credits for Technological Adaptation Services (SAT)
- Tax credits for the Integration of IT (CTIM)
- Any other refundable tax credits
grant_single|admissibleProjectsExample
$50,000
Development of a renewable energy dashboard for small businesses
$50,000
Creating a virtual reality (VR) educational tool for middle school students
$50,000
Development of an advanced water purification system using nanotechnology
$50,000
Developing AI software for media detection and classification
$50,000
Digital transformation of local newspaper, transitioning to an online platform
$50,000
Implementation of an e-commerce platform for a regional cooperative
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
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)
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
The grant is applicable to businesses located in Québec, specifically in Gaspésie and certain maritime regions.
- Québec
- Gaspésie
- Certain Maritime Regions of Québec
grant_single_labels|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.
grant_single_labels|register
- Step 1: Determine Eligibility
- Ensure your business qualifies for at least one refundable tax credit mentioned.
- Confirm your cash budget is sufficient to support ongoing business operations.
- Step 2: Contact Investissement Québec
- Call 1 844 IQINFOS (1 844 474-6367) for more information or clarification.
- Visit INVESTQUEBEC.COM to explore detailed requirements and guidelines.
- Step 3: Prepare Application Documents
- Gather all necessary financial documents, including tax credit eligibility proofs.
- Prepare a comprehensive cash budget to demonstrate the business's sustainability.
- Step 4: Submit Application
- Access Investissement Québec's portal to fill in the application form.
- Attach all required supporting documents, including financial proofs and cash budgets.
- Submit the completed application through the provided online portal or as per specified instructions.
- Step 5: Await Confirmation
- Watch for confirmation of receipt from Investissement Québec.
- Retain any confirmation details provided for your records.
grant_single_labels|otherInfo
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.
grant_single_labels|contact
1-844-474-6367
Apply to this program
Expand Your Business Capabilities with Refundable Tax Credit Financing
Investissement Québec's financing program provides businesses with immediate access to future cash flows from refundable tax credits. This solution helps organizations in Québec transform their fiscal credits into real-time capital, fostering growth and development.
Unlocking Financial Flexibility: How Investissement Québec Supports Business Growth
In the dynamic business landscape of Québec, financial support mechanisms like the refundable tax credit financing by Investissement Québec play a pivotal role in empowering enterprises to harness cash flow effectively. This premier financing solution allows companies to receive advancements of up to 100% on their refundable tax credits, turning prospective benefits into immediate financial agility. The adaptable offering covers a range of tax credits including those for Scientific Research and Experimental Development (SR&ED), digital transformation, and knowledge-based economic activities, making it a versatile tool for diverse sectors.
The structure of the loan guarantees from Investissement Québec is meticulously crafted to complement various fiscal needs. Starting at a minimum guarantee amount of $50,000 for SR&ED credits and $20,000 for other credit types, businesses can leverage significant portions of their fiscal entitlements. The targeted assistance spans up to 18 months post the fiscal year end for general tax credits, extending to 24 months for entities engaged in knowledge-based economy segments, thereby offering ample temporal cushioning to stabilize financial planning.
This financial strategy is particularly designed to catalyze growth for companies exploring high-potential R&D projects, digital transformation initiatives, and innovative endeavors within technology spheres. By advancing tax credits in real-time, businesses can undertake capital-intensive projects without the immediate financial burden. The reassurance that repayment mechanisms are synced directly with the fiscal credits ensures a streamlined approach to manage financial liabilities effectively, reducing operational stress associated with conventional loans.
Furthermore, Investissement Québec places a strong emphasis on risk mitigation for participating financial institutions, backing them via repayment guarantees in the event of net loss scenarios. This not only secures the lender’s position but also adds an additional layer of confidence for businesses as they engage in more daring financial strategies.
Eligible projects span a broad spectrum, including manufacturing equipment investment, multimedia production, vessel construction, payroll tax credits, and various technological adoption avenues. This breadth ensures that virtually any innovative project aligned with enhancing business capabilities and efficiency can qualify, provided it meets the streamlined criteria of refundable tax credits.
For companies aiming to accelerate their financial mobilization and operational capacity, aligning with Investissement Québec opens a suite of strategic opportunities. Tailored financial products, combined with professional advisement and fiscal forecasting support, empower businesses to not only stabilize but thrive in competitive environments.
By bridging the gap between future financial rewards and present-day operational needs, this initiative from Investissement Québec is more than just a financing option; it's a strategic partnership aimed at fostering industry competitiveness and sustainable economic growth. For businesses ready to translate their innovative ideas into concrete outcomes, exploring these financial products could be the catalyst for transformative development and success.
