How much funding can be received?

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

What is the deadline to apply?

The deadline to apply is not specified.

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

What are Tax credit for conversion of a ship's eligibility criterias?

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.

Tax credit for conversion of a ship

Last Update: April 23, 2025

QC, Canada

Provides a tax credit for eligible ship conversion projects

Tax credit for conversion of a ship at a glance

Eligible Funding

No Condition

Timeline

Continuous Intakes

Financing Type

Tax Credits

Eligible Industries

Transportation and warehousing

Grant Providers

Revenu Québec
Gouvernement du Québec

Status

Open

Overview of the Tax credit for conversion of a ship program

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.

Eligible projects & activities

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 criteria of the Tax credit for conversion of a ship program

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

Eligibility criteria of the Tax credit for conversion of a ship program

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 to the Tax credit for conversion of a ship program

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.