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 taxes paid by an environmental trust – Businesses?

Tax credit for taxes paid by an environmental trust – Businesses is funded by Revenu Québec, Gouvernement du Québec

Tax credit for taxes paid by an environmental trust – Businesses

Q: What are Tax credit for taxes paid by an environmental trust – Businesses's eligibility criterias?

The company must not be tax-exempt. The company must have included income from an environmental trust during the tax year.

Last Update: April 27, 2025

QC, Canada

Tax credit for businesses with income from environmental trusts

Tax credit for taxes paid by an environmental trust – Businesses at a glance

Eligible Funding

No Condition

Timeline

Continuous Intakes

Financing Type

Tax Credits

Eligible Industries

All industries

Grant Providers

Revenu Québec
Gouvernement du Québec

Status

Open

Overview of the Tax credit for taxes paid by an environmental trust – Businesses program

The Tax Credit for Taxes Paid by an Environmental Trust allows eligible corporations to claim a tax credit equivalent to their share of taxes paid by an environmental trust included in their income; the credit amount is not specified as it corresponds to the corporation’s portion of the trust’s tax liability. This program aims to support corporations benefiting from environmental trusts by reducing their tax burden, provided they meet specific eligibility and documentation requirements.

Financing terms and conditions

The tax credit received by the corporation for its share of the tax paid by an environmental trust is non-taxable.

Eligible projects & activities

Participation in an environmental trust that generates income allocated to the business.
Engagement as a partner in a partnership benefiting from an environmental trust.

Examples of admissible projects:

$ 24,000

Development of bilingual e-commerce platform for local producers

$ 35,000

Installation of energy-efficient lighting in community facility

$ 73,000

Acquisition of industrial composting machine for waste diversion

$ 48,000

Purchase of accessible passenger van for community transportation

$ 48,000

Launching eco-friendly laundry service with energy-efficient machines

$ 35,000

Upgrading kitchen equipment for healthy school meal program

Eligibility criteria of the Tax credit for taxes paid by an environmental trust – Businesses program

The applicant must be a corporation that has included amounts from an environmental trust in its income during the taxation year.
The corporation must not be tax-exempt.
The corporation can also be eligible if it is a member of a partnership that is a beneficiary of an environmental trust, or a member of an intermediary partnership that is itself a member of such a partnership.

Who is eligible?

Corporations that have included amounts from an environmental trust in their income for the taxation year
Corporations that are members of a partnership benefiting from an environmental trust

Who is not eligible

Corporations that are exempt from tax are not eligible to apply for this tax credit.

Eligible expenses

Taxes paid by an environmental trust and allocated to a company as a beneficiary or partner.

Eligible geographic areas

Quebec

How to apply to the Tax credit for taxes paid by an environmental trust – Businesses program

Step 1: Enter Credit Information in Tax ReturnRecord the information related to the tax credit on one of lines 440p to 440y of the corporate tax return.
Specify the name of the tax credit, its code (23), and the relevant amount in the designated spaces.
Step 2: Gather Required DocumentsComplete the form "Crédit d'impôt relatif à l'impôt payé par une fiducie pour l'environnement" (CO-1029.8.36.53).
Prepare, but do not submit, the following supporting documents to keep on file in case they are requested:
Trusts for the Environment Tax Return (TP-1129.53).
Federal Environmental Trust Income Tax Return (T3M).
Step 3: Submit Required DocumentsAttach the completed form CO-1029.8.36.53 to the corporation's tax return.
If it is not possible to include the required form with the tax return, send it separately no later than 12 months after the corporate tax return filing deadline.
Submit the tax return and all documents electronically using approved software, or mail them to Revenu Québec.
If sending by mail, ensure each document includes the company name, identification numbers, file numbers, and fiscal year-end date.
Step 4: Optimize SubmissionWhenever possible, send all documents in a single package to facilitate faster processing.

Additional information

The tax credit received by the corporation for taxes paid by an environmental trust is not taxable income.
The prescribed form for claiming the credit (CO-1029.8.36.53) must be completed and included with the corporate tax return.
Additional documents must be prepared and retained in case of a request from tax authorities, but they do not need to be submitted with the initial claim.
For more detailed guidance, applicants are advised to consult the Guide to the Corporate Income Tax Return (CO-17.G).