Tax credit for technological adaptation services
QC, Canada
Tax credit for technology transfer in Quebec
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateNovember 14, 2019
grant_single|financingType
Tax Credits
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Gouvernement du Québec
- Revenu Québec
grant_single|status
grant_card_status|open
grant_single_labels|preview
Tax credit on the costs of transferring technology from a college technology transfer centre or liaison and transfer centre.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$26,400
Montreal
Adopting innovative AI technology from a college transfer centre
$36,800
Vancouver
Enhancing healthcare diagnostics with machine learning
$24,400
Gatineau
Implementing blockchain for supply chain management with a CCTT
$23,200
Quebec City
Developing eco-friendly packaging with a liaison centre
$32,960
Halifax
Integrating renewable energy solutions with academic expertise
$28,400
Calgary
Improving smart city solutions through technology transfer
grant_single_labels|admissibility
To be eligible for the tax credit for technological adaptation services, a qualifying company must: - Have an establishment in Quebec and operate an eligible business there. - Have entered into a contract with an eligible College Technology Transfer Center (CCTT) or Liaison and Transfer Center (CLT). - Not be exempt from tax and not be a Crown corporation or a wholly-owned subsidiary of such corporation. If the company is a member of a qualifying partnership, it can claim the tax credit for its share of the partnership's eligible expenses. The eligible expenses include fees for eligible transfer and liaison services provided in Quebec by the CCTT or CLT, as well as costs for participation in training and information activities related to these services offered by the CCTT or CLT. Expenses eligible for other research and experimental development tax credits are not eligible for this tax credit. The tax credit rate is 40% of eligible expenses paid at the time of the claim.
grant_eligibility_criteria|who_can_apply
- Companies with an establishment in Quebec operating an eligible business - Companies that have entered into a contract with an eligible CCTT or CLT - Companies that are not tax-exempt - Companies that are not Crown corporations or wholly-owned subsidiaries of such corporations
grant_eligibility_criteria|who_cannot_apply
- Companies exempt from tax - Crown corporations or subsidiaries wholly controlled by such corporations
grant_eligibility_criteria|eligible_expenses
- 80% of the fees for a qualifying liaison and transfer service provided in Quebec by an eligible CCTT or CLT - Participation fees for training and information activities in Quebec related to a qualifying liaison and transfer service offered by an eligible CCTT or CLT
grant_single_labels|criteria
- Companies must be eligible and have an establishment in Quebec. - Companies must operate an eligible business in Quebec. - Companies must have a contract with an eligible CCTT or CLT. - Companies must incur eligible expenses within the scope of the contract. - Expenses must be paid at the time of the tax credit application. - Certain types of companies are not eligible for the tax credit. - Expenses must be related to eligible services provided by the CCTT or CLT. - Expenses may include fees for eligible services, training, and information activities offered in Quebec. - Participation in ad-hoc training activities may be considered eligible. - Expenses must not be eligible for other specific research and experimental development tax credits.
grant_single_labels|otherInfo
- Eligible companies must have an establishment in Quebec and operate an eligible business. - Contracts must be with approved technology transfer or liaison centers. - Companies exempt from tax or Crown corporations are not eligible. - Members of eligible partnerships can apply for the tax credit based on their share of expenses. - Qualified expenses include fees for technology transfer services and training activities in Quebec. - Expenses cannot be claimed under other R&D-related tax credits.
grant_single_labels|contact
1-800-567-4692
Apply to this program
Crédit d'impôt pour services d'adaptation technologique (code 35)
Overview of the Crédit d'impôt pour services d'adaptation technologique
The Crédit d'impôt pour services d'adaptation technologique (code 35) is a tax credit available to eligible companies that enter into contracts with designated technology transfer centers in Québec. The credit allows for a 40% reimbursement of eligible expenses incurred for technology transfer services. This tax credit is aimed at promoting innovation and technological advancement by facilitating collaboration between companies and technology transfer centers. Eligible expenses include fees for technology transfer services provided in Québec, as well as costs for participating in training and information activities related to technology transfer services offered by designated centers. The Crédit d'impôt pour services d'adaptation technologique is available to companies with a presence in Québec that operate eligible businesses and have contracted with designated technology transfer centers. It excludes tax-exempt companies or Crown corporations and their subsidiaries. Eligible expenses do not overlap with other research and development tax credits, ensuring distinct benefits for companies investing in technology adaptation services. Furthermore, companies that are members of eligible partnerships may also apply for the tax credit based on their share of expenses incurred by the partnership. By leveraging this credit, companies can access financial support to enhance their technological capabilities and drive innovation within their operations.
