Tax credit for conversion of a ship

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 program is accepting continuous intake

Q: Is the Tax credit for conversion of a ship a grant, loan, or tax credit?

Tax credit for conversion of a ship is a Tax Credits

Q: Who are the financial supporters of the Tax credit for conversion of a ship?

Tax credit for conversion of a ship is funded by Revenu Québec, Gouvernement du Québec

Q: Who can I contact for more information about the Tax credit for conversion of a ship?

You can contact Revenu Québec.

Q: Where is the Tax credit for conversion of a ship available?

The Tax credit for conversion of a ship program is available the province of QC.

Last Update: July 22, 2025

QC, Canada

Provides a tax credit for eligible ship conversion projects

At a glance

Eligible Funding

No Condition

Timeline

Unspecified

Financing Type

Tax Credits

Eligible Industries

Transportation and warehousing

Funds Providers

Unspecified

Program status

Open

Overview

The Tax Credit for Conversion of a Ship is a government financial incentive designed to support ship conversion activities in Quebec, promoting modernization and compliance with environmental standards. Eligible businesses can receive a refundable tax credit covering a portion of the conversion costs, although the specific maximum funding amount is not specified.

Activities funded

Major transformation of an existing ship involving significant modifications to the superstructures, machinery, or equipment.

Examples of admissible projects:

$ 325,000

Conversion of ferry to hybrid electric propulsion system

$ 120,000

Ice-class retrofitting of tugboat for year-round towing service

$ 160,000

Retrofitting tour boat with accessibility and safety upgrades

$ 400,000

Deep-sea cargo vessel superstructure modernization and refit

$ 112,000

Complete engine replacement for regional fishing vessel fleet leader

Eligibility

The shipyard must be located in Quebec and have direct access to a navigable waterway.
The shipyard must have workshops for the construction under permanent shelter of entire vessels or modules, as well as the necessary infrastructure for launching.
The shipyard must have built or rebuilt, within the last five years, a vessel or a barge of more than 50 gross tons for a client without a dependency link.
The vessel in question must be of a volume of 50 gross tons and more, used for the transport of goods, people or specialized services, or undergoing a major transformation concerning essential elements.

Who is eligible?

Shipyards located in Quebec with infrastructure for the construction or transformation of ships.

Eligible expenses

Cost of plans and specifications for the construction of the eligible ship (or only the part carried out in Quebec).
Expenses incurred for salaries related to plans and specifications carried out in Quebec.
Salaries of employees directly connected to the transformation of the ship.

Eligible geographic areas

Companies located in Quebec

Selection criteria

Justification and adequacy of construction costs in relation to market standards.
Demonstration of the potential for repetition for a prototype ship (commitments, letters of intent, or market study).
Proof of an investment in innovation in planning, production processes, or the integration of advanced or environmentally friendly technologies.

How to apply

Step 1: Preparation of the eligibility certificate applicationSave the application form on your computer before filling it out.
Fill out the form with a brief description of the ship project, an assessment of its gross tonnage, and any other available information.
Attach the preliminary plans and specifications of the project.
Step 2: Submission of the eligibility certificate applicationSubmit the completed application form, accompanied by supporting documents, to certificat-maritime@economie.gouv.qc.ca.
Step 3: Request for a pre-eligibility opinion (optional)If necessary, contact certificat-maritime@economie.gouv.qc.ca to request a pre-eligibility opinion to verify the compliance of the project.
Step 4: Request for ship certificateUpon signing the ship construction contract, submit a request for a ship certificate including the previous application, a copy of the signed contract, the stipulated plans and specifications, as well as a completed and signed application form.
For related companies, attach a comparison with the current prevailing price to justify costs.
Step 5: Once the certificate is obtained, fill out the Tax Credit for the Construction or Transformation of a Ship form.
Step 6: Attach all required documents to your tax return.

Additional information

The eligibility certificate is valid for a maximum period of three years from the date the application is submitted.
The project must start no later than two years after the issuance of the eligibility certificate.
The renewal of the eligibility certificate may require a revision and update of the documentation.
The process is free, no fees are required for the application of the certificate.

Apply to this program

Frequently Asked Questions about the Tax credit for conversion of a ship Program

Here are answers to the most common questions about the Tax credit for conversion of a ship. 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 Tax credit for conversion of a ship?

How much funding can be received?

What expenses are eligible under Tax credit for conversion of a ship?

What is the deadline to apply?

Is the Tax credit for conversion of a ship a grant, loan, or tax credit?

Who are the financial supporters of the Tax credit for conversion of a ship?

Who is eligible for the Tax credit for conversion of a ship program?

To be eligible for the Tax credit for conversion of a ship program, you must: The site must be located in Quebec and have direct access to a navigable waterway. The vessel must have a volume of at least 50 gross tons and be intended for transport or specialized services. The transformation work must be significant and involve substantial changes to the superstructures, machinery, or equipment of the vessel.