Tax Holiday for Foreign Experts

The eligibility criteria for the grant "Congé fiscal pour experts étrangers" in English are as follows: - The grant is aimed at companies located in Quebec engaged in research and experimental development (R&D) and have signed an employment contract with a foreign expert. - The foreign expert must hold a university degree recognized in Quebec in a field relevant to the valorization of R&D results, such as pure and applied sciences, management, finance, or marketing, or equivalent knowledge. - The expert should not reside in Quebec or Canada immediately before starting employment with the eligible employer. - The expert must perform functions related to the valorization of R&D results within the Quebec company, predominantly and continuously. The eligible functions include: - Managing innovation resulting from R&D projects. - Marketing and commercializing the results of R&D projects. - Transferring advanced technologies resulting from R&D projects. - Financing R&D activities. Financial assistance provided by this grant includes a provincial income tax holiday for the foreign expert once in employment in Quebec. The tax holiday can last up to 60 consecutive months from the start of employment, with the following exemption rates: - 100% for the first 24 months. - 75% for months 25 to 36. - 50% for months 37 to 48. - 25% for months 49 to 60. For more information and application forms, individuals can contact the Direction des transferts de technologies – Congés fiscaux at the Ministry of Economy, Innovation, and Energy in Quebec.

- The grant is awarded based on the specific criteria outlined in the program guidelines. - Evaluation criteria may include the expertise and qualifications of the foreign expert, the relevance of their role in the research and development activities, the potential impact on innovation within the company, and the quality of the proposed project or activities. - Selection criteria may also consider the alignment of the expert's responsibilities with the goals of the research and development projects, the ability of the expert to contribute to the commercialization of research outcomes, and the overall potential for knowledge transfer and technology advancement.

Sure, here are some additional points to consider for applicants applying for the Congé fiscal pour experts étrangers program: - Applicants must ensure that the expert foreign worker holds a recognized university degree in a field relevant to the valorization of research and experimental development results. - The expert foreign worker must not have been a resident of Quebec or Canada immediately before starting employment with the eligible employer. - The functions performed by the expert foreign worker within the Quebec-based company must be primarily related to the valorization of research and experimental development results. - The program offers a progressive tax exemption rate ranging from 100% for the first 24 months of employment to 25% for the last 12 months, totaling a maximum of 60 months of tax exemption. - Applicants should consult with a Ministry advisor for specific details, eligibility requirements, and application procedures. These points should provide further insight for applicants interested in benefiting from this tax incentive program.