Resource Tax Credit

Q: How much funding can be received?

There is no informations about how much funding can be received.

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Is the Resource Tax Credit a grant, loan, or tax credit?

Resource Tax Credit is a Tax Credits

Q: Who are the financial supporters of the Resource Tax Credit?

Resource Tax Credit is funded by Revenu Québec

Q: Who is eligible for the Resource Tax Credit program?

To be eligible for the Resource Tax Credit program, you must: • The company must have an establishment in Quebec and operate a business there during the tax year. • The company must have incurred eligible expenses. • The company cannot be a tax-exempt corporation, a Crown corporation, or a wholly controlled subsidiary of such a corporation.

Q: Who can I contact for more information about the Resource Tax Credit?

You can contact Revenu Québec.

Q: Where is the Resource Tax Credit available?

The Resource Tax Credit program is available the province of QC.

Last Update: July 22, 2025

QC, Canada

Quebec tax credit for eligible resource-related expenses

At a glance

Eligible Funding

No Condition

Timeline

Unspecified

Financing Type

Tax Credits

Eligible Industries

Mining, quarrying, and oil and gas extraction

Funds Providers

Unspecified

Program status

Open

Overview

The Resource Tax Credit offers financial assistance to eligible corporations with an establishment in Quebec that engages in resource-related business activities, excluding costs related to oil, gas, or coal as of March 31, 2023. This program facilitates tax credits for incurred eligible expenses during the fiscal year, supporting the development of exploration and resource management initiatives.

Activities funded

Examples of admissible projects:

$ 25,000

Develop a sustainable urban gardening initiative

Eligibility

The company must have an establishment in Quebec and operate a business there during the tax year.
The company must have incurred eligible expenses.
The company must not be a tax-exempt corporation.
The company must not be a Crown corporation or a wholly owned subsidiary of a Crown corporation.
In the case of a partnership, if the company is a member of a partnership during the tax year, it can claim this tax credit for its share of the expenses incurred by the partnership.
Expenses related to oil, gas, or coal incurred after March 31, 2023, are not eligible for the tax credit.

Who is eligible?

Companies with an establishment in Quebec conducting business
Non-Crown corporations and their wholly-owned subsidiaries
Companies that have incurred eligible expenses within the tax year
Members of a partnership (or an intermediary partnership member that is part of a partnership), allowed to claim their share of expenses incurred by the partnership

Who is not eligible

Companies that are exempt from income tax.
Crown corporations or subsidiaries wholly controlled by such corporations.
Companies incurring expenses related to oil, gas, or coal after March 31, 2023.

Eligible expenses

Expenses documented with Excel sheets, detailing the project and property associated, date incurred, description, invoice number, provider name, and paid amount excluding sales taxes.

Eligible geographic areas

Québec, Canada

How to apply

Step 1: Enter Credit Information in Tax ReturnInclude the name of the tax credit in one of the lines 440p to 440y on the tax return.
Add the code (58) and the amount of the tax credit in the designated spaces.
Step 2: Gather Required DocumentsAttach the form "Crédit d'impôt relatif aux ressources (CO-1029.8.36.EM)" to the tax return.
Prepare but do not attach additional documents unless requested, such as initial authorization for exclusive exploration rights, an organizational chart of linked companies, proof of credit income calculation, and detailed expense sheets.
Prepare but do not attach additional forms like CO-359.10, RL-11.S, RL-14, IM-30 or IM-30.MX and IM-30.DL, CO-400, and T2SCH12 unless requested.
Step 3: Transmit DocumentsAttach the required form to the tax return, or send it within twelve months following the income tax deadline if not attached.
Submit the tax return and associated documents online through authorized software.
If mailing, ensure each document includes the company name, identification and file numbers, and financial year-end date.
Submit all documents in one shipment for more efficient processing.

Additional information

This tax credit is not applicable to expenses related to oil, gas, or coal incurred after March 31, 2023.
Sufficient documentation supporting the application, such as exclusive exploration rights and organizational charts of associated corporations, must be maintained for possible future requests.
Revenue inclusion: It is necessary to demonstrate that any tax credit received in a past tax year has been included in the taxable income of the corporation for the year it was received.
Detailed expenditure records are required, specifying project details, the date costs were incurred, invoice numbers, supplier names, and amounts paid excluding sales taxes.

Apply to this program

Frequently Asked Questions about the Resource Tax Credit Program

Here are answers to the most common questions about the Resource Tax Credit. 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.