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Payroll tax credit – CFI - Montreal - Quebec - Canada
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Payroll tax credit – CFI

Payroll tax incentive for international financial sector employers in Montreal
Revenu Québec
Last Update: March 4, 2026
Funding available
No Condition
Timeline
  • Open continuously
Location
Montreal, Montréal, Quebec, Canada

Overview

The Payroll Tax Credit – CFI provides financial support to eligible corporations specializing in international financial transactions established in the Montreal area, offering a tax credit on eligible salaries for full-time employees engaged in qualifying activities. The program is designed to encourage job creation in the international financial sector, though the maximum funding amount is not specified.

/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Attract or retain talent
Eligible Funding
  • No Condition
Timeline
  • Open continuously

Eligible candidates

Eligible Industries
  • Finance and insurance
Location
  • Montreal
  • Montréal
  • Quebec
Legal structures
  • For-profit business
Annual revenue
  • All revenue ranges
Organisation size
  • 6 employees minimum
Audience
  • Startups

Next steps

1
Determine your project
2
Validate your eligibility

Activities funded

  • Conducting eligible international financial transactions as part of ongoing business operations.
  • Carrying out administrative support activities directly linked to qualified international financial transactions.
  • Undertaking activities related to contracts primarily focused on executing qualified international financial operations.
  • Engaging in a combination of the above administrative and contractual activities within international financial services.

Eligibility

Who is eligible?

  • Corporations specializing in international financial transactions
  • Businesses operating as International Financial Centres (CFI) in the Montreal area

Who is not eligible

  • Tax-exempt companies.
  • Crown corporations or wholly owned subsidiaries of Crown corporations.

Eligible expenses

  • Salaries paid to eligible employees related to international financial transactions or contracts.

Eligible geographic areas

  • Companies operating within the agglomeration of Montreal.

Additional information

  • If transmitting documents by mail, include the company name, identification numbers, and fiscal year-end date on each document.
  • All documents should be sent together in a single package to expedite processing.
  • Applications can also be submitted online through authorized software providers; physical documents are not required in this case.
  • Requests will be processed only upon receipt of all required certificates, even if sent after the applicable deadline.

Frequently Asked Questions about the Payroll tax credit – CFI Program

Here are answers to the most common questions about the Payroll tax credit – CFI. 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 Payroll tax credit – CFI?

The Payroll Tax Credit – CFI provides financial support to eligible corporations specializing in international financial transactions established in the Montreal area, offering a tax credit on eligible salaries for full-time employees engaged in qualifying activities. The program is designed to encourage job creation in the international financial sector, though the maximum funding amount is not specified.

Who is eligible for the Payroll tax credit – CFI program?

To be eligible for the Payroll tax credit – CFI program, you must: Must have a valid certificate as an operator of an International Financial Centre (CFI) from the Minister of Finance. Must carry out exclusively eligible international financial transactions or related administrative support activities within the Montreal area. At all times, must employ at least six eligible full-time employees.

What expenses are eligible under Payroll tax credit – CFI?

Conducting eligible international financial transactions as part of ongoing business operations. Carrying out administrative support activities directly linked to qualified international financial transactions. Undertaking activities related to contracts primarily focused on executing qualified international financial operations. Engaging in a combination of the above administrative and contractual activities within international financial services.

Where is the Payroll tax credit – CFI available?

The Payroll tax credit – CFI program is available Montréal, Quebec.

Is the Payroll tax credit – CFI a grant, loan, or tax credit?

Payroll tax credit – CFI is a Tax Credits

Who are the financial supporters of the Payroll tax credit – CFI?

Payroll tax credit – CFI is funded by Revenu Québec

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