Tax credit for Gaspésie and selected maritime regions of Quebec

Tax credit for Gaspésie and selected maritime regions of Quebec

Tax credit for creating employment in Gaspésie and Maritime Regions

At a glance

Eligible Funding
  • No Condition
Timeline
  • Open Date : November 14, 2019
  • Closing date : December 31, 2025
Financing Type
Tax Credits
Eligible Industries
  • All industries
Grant Providers
  • Investissement Québec
  • Gouvernement du Québec
Status
Open

Overview

Tax credit on total eligible payroll of 30% for marine biotechnology, mariculture and recreational and tourism activities and 15% for all other eligible activities.

Eligibility criteria

The eligibility criteria for the tax credit in the Gaspésie and Maritime Regions are as follows: 1. Eligible Activities: - Manufacturing activities - Marine biotechnology and mariculture - Manufacturing or processing of finished or semi-finished products from slate or peat - Production of wind power and manufacturing of wind turbines - Processing of sea products - Recreational and tourism activities (specific to Îles-de-la-Madeleine) 2. Eligible Employees: - Employees must work in a facility operated by an eligible corporation located in an eligible region - Employees must devote at least 75% of their time to tasks directly related to eligible activities, excluding general administrative tasks. 3. Eligible Wages: - The eligible wage corresponds to the salary or wages paid to an eligible employee, up to an annual limit of $83,333. 4. Specific Requirements: - The corporation must obtain an initial qualification certificate from Investissement Québec. - The corporation must demonstrate the ability to create the equivalent of at least three full-time positions within a reasonable time frame. - Annual business qualification certificate and employee certificate must be obtained. 5. Eligibility Period and Duration: - The tax credit is available until December 31, 2025. - Operations must begin in the eligible region no later than December 31, 2025. 6. Fees: - Investissement Québec charges fees for issuing initial qualification or eligibility certificates. To apply for the tax credit, complete the necessary applications and submit them to Investissement Québec for review. For further details and assistance, you can contact Investissement Québec experts at 1 844 474-6367.

Who is eligible

- Manufacturing activities - Marine biotechnology and mariculture - Manufacturing or processing of finished or semi-finished products from slate or peat - Production of wind power and manufacturing of wind turbines - Processing of sea products

Eligible expenses

Eligible expenses for this grant include: - Payroll expenses for eligible employees - Costs directly related to eligible activities - Fees for processing eligibility certificate applications If you have any questions, feel free to contact Investissement Québec at 1 844 474-6367.

Eligible projects & activities

Eligible Activities for Gaspésie and Maritime Regions: - Manufacturing activities - Marine biotechnology and mariculture - Manufacturing or processing of finished or semi-finished products from slate or peat - Production of wind power and manufacturing of wind turbines - Processing of sea products Recreational and tourism activities are also eligible in specific regions like Îles-de-la-Madeleine.

Eligible geographic areas

The eligible geographic areas for this grant are: - Bas-Saint-Laurent - Côte-Nord - Gaspésie–Îles-de-la-Madeleine

Evaluation & selection criteria

- The corporation must obtain an initial qualification certificate issued by Investissement Québec. - The corporation must demonstrate the ability to create the equivalent of at least three full-time positions in a facility located in an eligible region within a reasonable time frame. - Each year, the corporation must obtain a business qualification certificate for its activities and an employee certificate for its eligible employees from Investissement Québec.

How to apply

To apply for the tax credit in the Gaspésie and Maritime Regions, follow these steps: 1. Complete the applications for an initial qualification certificate and a business qualification certificate. Send them to Investissement Québec. 2. Once your applications are reviewed, Investissement Québec will confirm if your company is eligible. 3. If you have any questions, you can contact one of the experts at 1 844 474-6367. There are fees associated with processing the eligibility certificate applications. You can find more information by contacting an Investissement Québec advisor or checking the rates schedule on their website.

Additional information

- Applicants should be aware that the tax credit is available until December 31, 2025. - Corporations must create the equivalent of at least three full-time positions in an eligible region to qualify. - Investissement Québec charges a fee for issuing initial qualification or eligibility certificates. - Eligible employees must work in a facility located in an eligible region and devote at least 75% of their time to tasks directly related to eligible activities.

Documents and links

Tax credit for Gaspésie and selected maritime regions of Quebec

Apply to this program