Tax credit for a new financial services corporation

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 a new financial services corporation a grant, loan, or tax credit?

Tax credit for a new financial services corporation is a Tax Credits

Q: 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

Q: Who can I contact for more information about the Tax credit for a new financial services corporation?

You can contact Revenu Québec.

Q: 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 QC.

Q: Are startups eligible for the Tax credit for a new financial services corporation program?

Yes, startups are eligible to apply for the Tax credit for a new financial services corporation program.

Last Update: July 22, 2025

QC, Canada

Tax credit for eligible new Quebec financial services corporations

At a glance

Eligible Funding

No Condition

Timeline

Unspecified

Financing Type

Tax Credits

Eligible Industries

Finance and insurance

Funds Providers

Unspecified

Program status

Open

Overview

The Tax Credit for a New Financial Services Corporation provides eligible Quebec-based companies in the financial services sector with a refundable tax credit for qualifying expenses, supporting their establishment and growth in the province. The program is designed to promote business development in financial services, but the maximum funding amount is not specified in the available information.

Activities funded

Carrying out business activities within the financial services sector in Quebec with proper certification and eligibility confirmation.

Examples of admissible projects:

$ 95,000

Implement bilingual website with accessible features for legal aid

$ 77,000

Develop accessible community garden using adaptive infrastructure

$ 120,000

Launch digital mental health support platform for youth in crisis

$ 140,000

Install rooftop solar panels on cooperative housing complex

$ 112,000

Upgrade bakery equipment to improve production and reduce waste

$ 82,000

Create zero-waste logistics chain for local restaurant deliveries

Eligibility

The company must operate a business in the financial services sector in Quebec.
The company must have a business establishment in Quebec.
The company must hold a qualification certificate for its financial services activities, issued by the Minister of Finance for the relevant fiscal year.
The company must obtain an eligibility attestation for the year, confirming its activities are those listed on the qualification certificate and are eligible for the tax credit.

Who is eligible?

Corporations operating in the financial services sector in Quebec
Corporations with an establishment in Quebec
Corporations holding a qualification certificate from the Minister of Finance for financial services activities

Who is not eligible

Personal services businesses.
Corporations that are tax-exempt.
Crown corporations or wholly controlled subsidiaries of such corporations.

Eligible expenses

Expenses detailed and documented with invoice number, date, supplier name, pre-tax amount, and a brief description.

Eligible geographic areas

Quebec

How to apply

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

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

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

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

Additional information

It is recommended to transmit all required documents in a single submission to expedite processing.
If documents cannot be included with the initial return, they must be sent by the extended deadline; however, the request will only be processed upon receipt of all required certifications.
Electronic submission is available through authorized tax software and negates the need for paper documents.
Each submitted document should indicate the company name, identification and file numbers, and fiscal year-end date when mailed.

Apply to this program

Frequently Asked Questions about the Tax credit for a new financial services corporation Program

Here are answers to the most common questions about the Tax credit for a new financial services corporation. 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 a new financial services corporation?

How much funding can be received?

What expenses are eligible under Tax credit for a new financial services corporation?

What is the deadline to apply?

Is the Tax credit for a new financial services corporation a grant, loan, or tax credit?

Who are the financial supporters of the Tax credit for a new financial services corporation?

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: Business must have an establishment in Quebec and operate a qualifying financial services enterprise. Must hold a qualification certificate and an eligibility attestation from the Minister of Finance for the tax year. Cannot be a personal services business, a tax-exempt corporation, or a Crown corporation (or its wholly controlled subsidiary).