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Tax credit for a new financial services corporation
Tax credit for eligible financial services companies
Last Update: April 9, 2026
Funding available
Varies by project
Timeline
- Open continuously
Location
Quebec, Canada
Overview
This program provides a tax credit for eligible expenses incurred by a new financial services corporation in Quebec. It supports businesses in the financial services sector that hold the required qualification certificate and admissibility attestation.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Obtain certifications or accreditations
- Start a business
Eligible Funding
- Varies by project
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Finance and insurance
Location
- Quebec
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Activities carried out by a new company in the financial services sector.
Documents Needed
- CO-1029.8.36.SF form
- CO-1029.8.36.SG form, if applicable
- Copy of the qualification certificate
- Copy of the admissibility attestation
- Record of eligible expenses and related supporting details
Eligibility
Who is eligible?
- New financial services corporations
- Companies eligible for the hiring tax credit for a new financial services corporation
Who is not eligible
- Personal services businesses
- Tax-exempt corporations
- Crown corporations and wholly controlled subsidiaries
Eligible expenses
- Eligible business expenses incurred during the valid period of the qualification certificate, within the tax year.
Ineligible Costs and Activities
- Expenses outside the valid period of the qualification certificate.
- Costs not considered eligible expenses under the program.
Eligible geographic areas
- Quebec
How to apply
1
Report tax credit in tax return
- Enter the tax credit information under lines 440p to 440y of the corporate income tax return
- Include the name of the tax credit, its code (92), and the amount in the designated fields
2
Gather and attach required documents
- Attach the prescribed forms to the return: CO-1029.8.36.SF (Tax Credit for a New Financial Services Corporation)
- Attach CO-1029.8.36.SG (Agreement on the Annual Limit of the Tax Credit) if applicable
- Attach a copy of the qualification certificate issued by the Minister of Finance
- Attach a copy of the eligibility certificate for the year issued by the Minister of Finance
3
Prepare and keep supporting documents
- Prepare and retain documents detailing eligible expenses, including invoice number, date, supplier name, pre-tax amount, and a brief description
- Prepare an organizational chart of associated companies and related persons or partnerships
- Retain proof that the company's income calculation includes the amount of this tax credit received for a past fiscal year, if applicable
4
Submit documents with tax return
- Submit the required documents with the corporate tax return, either electronically or by mail
- If sending by mail, indicate the company name, identification and file numbers, and the fiscal year-end date on each document
- Ensure all documents are sent in a single submission for faster processing
- If unable to attach documents, send them within the required timeframe after the tax return
Processing and Agreement
- The application is reviewed once the prescribed forms are submitted.
- The request is accepted if the forms are filed within the required deadline.
- The claim is processed only when the qualification certificate and admissibility attestation are received.
- Documents can be sent electronically or by mail.
Additional information
- The credit applies to expenses incurred during the valid period of the qualification certificate.
- A company may also qualify if it is eligible for the hiring tax credit for a new financial services corporation.
- The application is filed through the corporate income tax return.
- Supporting documents may be submitted electronically or by mail.
Frequently Asked Questions about the Tax credit for a new financial services corporation Program
What is the Tax credit for a new financial services corporation?
This program provides a tax credit for eligible expenses incurred by a new financial services corporation in Quebec. It supports businesses in the financial services sector that hold the required qualification certificate and admissibility attestation.
Who is eligible for the Tax credit for a new financial services corporation program?
To be eligible for the Tax credit for a new financial services corporation program, you must:
Financial services company
Has Quebec establishment
Holds required certificates
What expenses are eligible under Tax credit for a new financial services corporation?
Activities carried out by a new company in the financial services sector.
Where is the Tax credit for a new financial services corporation available?
The Tax credit for a new financial services corporation program is available the province of Quebec.
Is the Tax credit for a new financial services corporation a grant, loan, or tax credit?
Tax credit for a new financial services corporation is a Tax Credits
Who are the financial supporters of the Tax credit for a new financial services corporation?
Tax credit for a new financial services corporation is funded by Revenu Québec