Quebec book publishing tax credit
QC, Canada
Tax credit for publishing Quebec books and international sales
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateNovember 14, 2019
grant_single|financingType
Tax Credits
grant_single|eligibleIndustries
- Information and cultural industries
grant_single|grantors
- Société de développement des entreprises culturelles (SODEC)
- Gouvernement du Québec
grant_single|status
grant_card_status|open
grant_single_labels|preview
Credit of 27% to 50% on various costs associated with publishing books, comic strips and collections of poetry in Quebec, including developing foreign markets, major publishing projects, translation into other languages and creation of digital versions.
grant_single_labels|projects
The grant is aimed at supporting the international market development of Quebec productions, undertaking large-scale publishing projects, boosting translation market exploitation, and supporting digital versions of eligible works.
- Developing foreign markets for Quebec productions
- Undertaking large-scale publishing projects
- Exploiting the translation market further
- Supporting digital versions of eligible books
grant_single|admissibleProjectsExample
$50,000
Toronto
Development of a digital library of Quebec literary works for worldwide access including translation and adaptation
$22,500
Quebec
Publishing a major anthology of contemporary Quebec poetry with digital adaptations and international distribution
$37,500
Calgary
Translation of Quebec children's books into German for the European market with digital versions available
$30,000
Montreal
Expanding market reach of Quebec comic books to European countries through translation and digital versions
$50,000
Vancouver
Large-scale digital adaptation and international marketing of Quebec science-fiction novels
$25,000
Ottawa
Publishing an extensive historical novel adapting it into Spanish for the Latin American market
grant_single_labels|admissibility
The grant aims to develop foreign markets for Quebec productions and support large-scale publishing projects, increasing the exploitation of the translation market and supporting digital versions.
- Developing foreign markets for Quebec productions
- Realizing large-scale publishing projects
- Exploiting the translation market
- Supporting digital versions of otherwise eligible works
grant_eligibility_criteria|who_can_apply
Eligible companies for the refundable tax credit for book publishing are specified. These include:
- Companies engaged in the publishing and production of books.
- Companies focusing on expanding foreign markets for Quebec productions.
- Companies executing significant publishing projects.
- Companies exploring the translation market.
- Companies supporting digital versions of eligible works.
grant_eligibility_criteria|eligible_expenses
Yes, there are eligible expenses for this grant, focusing on supporting the publishing sector in Quebec.
- Foreign market development costs for Quebec productions
- Extensive publishing project costs
- Translation market exploitation costs
- Digital version adaptation costs
grant_eligibility_criteria|zone
The eligible geographic zone for this grant is Quebec.
- Quebec, Canada
grant_single_labels|criteria
There are evaluation and selection criteria for this grant.
- Complete and compliant applications will be considered for analysis, while incomplete submissions will be declared non-receivable.
- Applicants must ensure all required documents are attached and follow the guidelines outlined in the submission process.
grant_single_labels|register
- Step 1:
- Create your user profile on SOD@ccès if you are a new user or log in with existing credentials.
- Step 2:
- Select the appropriate program number in SOD@ccès (for example, 50-29-00-01 for preliminary decision).
- Step 3:
- Fill out the application form in SOD@ccès and transfer all required documents.
- Step 4:
- Prepare and upload the documentation needed for the company's master file, including historial documents, profile of the company, ownership, directors, financials, etc.
- Step 5:
- Ensure all documents are complete and compliant. Incomplete submissions will be considered ineligible and must be resubmitted.
- Step 6:
- Pay the required fees and enroll in preauthorized payment and debit services.
- Step 7:
- Ensure correct file naming conventions are followed for easy reference (e.g., Book_Title-Document_Type).
- Step 8:
- Submit the completed application via the SOD@ccès secure electronic portal.
grant_single_labels|otherInfo
This grant information details several steps and required documents to apply for a tax credit for book publishing through the SODEC's SOD@ccès portal.
- All requests must be submitted via the secured SOD@ccès portal.
- The initial step involves creating a user profile and selecting the correct program number.
- Applicants need to prepare and upload all necessary documentation for their complete request.
- Documentation for the company's reference file is required during the first request.
- Specific codes and forms for different programs and phases (preliminary decision or certification) are provided.
- Processes involve sections for cinema, TV production, book publishing, music events, etc.
- Electronic payments and pre-authorized debits are mandatory for transaction handling.
- Strict instructions for naming files are provided to manage attachments efficiently.
grant_single_labels|contact
annie.gagne@sodec.gouv.qc.ca
Apply to this program
Tax Credit for Book Publishing in Quebec
The Société de développement des entreprises culturelles (SODEC) offers a refundable tax credit aimed at supporting Quebec-based book publishers in expanding international markets, undertaking large-scale publishing projects, increasing translation activities, and accommodating the growing digital book market.
Everything You Need to Know About the Refundable Tax Credit for Book Publishing in Quebec
The Société de développement des entreprises culturelles (SODEC) provides a substantial refundable tax credit designed to foster the growth and development of the book publishing industry in Quebec. This initiative primarily targets Quebec-based book publishers to facilitate their expansion into international markets, support large-scale publishing projects, increase the exploitation of the translation market, and adapt to the rising demand for digital versions of books. This text aims to give you a comprehensive understanding of this tax credit, including its goals, eligibility criteria, application process, and benefits.
Objectives of the Tax Credit
The primary objectives of the refundable tax credit for book publishing are as follows:
- Develop Foreign Markets: This initiative seeks to help Quebec publishers reach and thrive in international markets, thus expanding their readership and revenue streams.
- Undertake Large-Scale Publishing Projects: The tax credit aims to support substantial projects that might otherwise be financially unviable, encouraging innovation and large undertakings within the industry.
- Enhance the Translation Market: By promoting translations, this measure hopes to reach a broader audience and facilitate cultural exchange through literature.
- Support Digital Versions: Recognizing the growing trend toward digital media, the tax credit includes provisions for digital book formats, ensuring that publishers can adapt to and benefit from new technology.
Eligibility Criteria
To qualify for the refundable tax credit, applicants must meet specific eligibility criteria:
- Quebec Residence: The applicant must be a resident of Quebec.
- Eligible Corporation: Only corporations that qualify as an eligible book publisher under SODEC’s guidelines can apply.
- Types of Publications: The publications must fall under the eligible categories, which typically include printed books and digital books that meet specific standards and quality requirements.
- Documentation: The applying entity must provide detailed documentation proving their eligibility, including company history, activity descriptions, shareholder information, and financial statements.
Application Process
The application process for the refundable tax credit involves several steps. It is crucial to follow these meticulously to ensure a successful application:
- Prepare Documentation: Before submitting the application, gather all required documents. These documents include the company’s historical profile, description of activities, constitutive documents, shareholder identification, organizational chart, executive CVs, and financial statements.
- Create a Profile on SOD@ccès: Applicants must create a user profile on the SOD@ccès portal. This will be your primary platform for submitting the application and any required documentation.
- Select Appropriate Program: Within the SOD@ccès platform, choose the form corresponding to the refundable tax credit for book publishing (Program Code: 50-29-00). There are options for preliminary decision, certification, or both.
- Complete the Application Form: Fill out the application form on SOD@ccès, answering all specific questions and uploading the necessary documentation. Ensure all fields are complete and accurate to avoid application rejection.
- Submit Financial Documentation: Include detailed financial records, such as lists of works, detailed spending allocation, and workbook estimates of the tax credit.
- Payment of Fees: Pay any required fees through the authorized payment and debit services. Note that cheques are no longer accepted, and all payments must be completed via the secure electronic transfer services on the platform.
- Review and Submit: Conduct a thorough review of your application to ensure all required documents are uploaded and the information is accurate. Submit your application through SOD@ccès.
Required Documents
The following documents must be submitted along with your application:
- Company History and Profile: A comprehensive document detailing the history and key milestones of your company.
- Description of Activities and Achievements: A summary of the company’s activities and notable achievements in the publishing industry.
- Constitutive Documents: These include the certificate of incorporation, bylaws, registration declarations, and shareholder agreements.
- Shareholder and Administrator Information: Completed forms identifying the shareholders and administrators involved in the company.
- Organizational Chart: A detailed chart showing the structure of the company and its related entities.
- Executive CVs: Curriculum vitae for all key executives and directors.
- Financial Statements: Recent financial statements, audited and signed by administrators.
Advantages and Benefits
This tax credit offers numerous benefits to eligible publishers:
- Financial Support: The refundable nature of the tax credit means that even if the company does not owe taxes, they can still receive a payment. This provides significant financial support for their projects.
- Market Expansion: By helping to defray costs, the tax credit facilitates entry into new and international markets, thereby increasing sales and exposure.
- Innovation and Growth: Access to additional funding can empower publishers to undertake innovative projects, drive growth, and expand their portfolio.
- Digital Adaptation: With the inclusion of digital book formats, publishers can stay competitive in an increasingly digital world.
Importance of Compliance
It is crucial to comply with all requirements stipulated by the SODEC to avoid application rejection. Incomplete applications are systematically deemed inadmissible and will not be processed, requiring a new submission. Therefore, ensure all documents are thoroughly reviewed and follow the guidelines provided by SODEC.
Conclusion
The refundable tax credit for book publishing provided by the Société de développement des entreprises culturelles (SODEC) represents a significant opportunity for Quebec-based publishers to expand their reach, innovate, and adapt to the evolving market. By understanding the objectives, eligibility criteria, application process, and benefits of this tax credit, publishers can better navigate the application process and leverage this financial support to foster their growth. The meticulous preparation and submission of the required documentation is essential to successful application approval, enabling publishers to benefit fully from this advantageous program.