Tax Holiday for Foreign Experts

This fiscal measure offers tax benefits to recruited foreign experts, enhancing the net income attractiveness and competitiveness. The financing modalities involve tax deductions on provincial income for a specified period.

• Eligible foreign experts holding a certificate can apply for a deduction on their provincial tax returns.
• The tax deduction is available for a maximum period of five years.
• The certificate for foreign experts must be renewed annually to maintain eligibility for the tax deduction.

The eligibility criteria for the company looking to apply for this grant are specific to their location, activities, and engagement with an expert foreign professional.

• The company must be located in Quebec.
• The company must be engaged in scientific research and experimental development (RS-DE).
• The company must have signed an employment contract with a foreign expert.

Who is eligible?

Eligible expenses

This grant is designed to enhance the recruitment of foreign experts for innovation projects, specifically focusing on research and experimental development (RS-DE) in private businesses located in Quebec. Eligible activities involve various functions related to managing and commercializing the outcomes of RS-DE projects.

• Management of innovation resulting from RS-DE projects.
• Commercialization and marketing of RS-DE project results.
• Technology transfer of advancements resulting from RS-DE projects.
• Financing of RS-DE activities.

Eligible geographic areas

This grant specifically applies to companies operating in a defined geographical area to enhance innovation and competitiveness. Eligible locations are restricted to align with regional economic strategies.

• Companies based in the province of Québec, Canada.

Here are additional relevant details for this grant:

• The application process is free of charge.
• The certificate needs to be renewed annually.
• A certified duplicate of the last relevant degree of the candidate is required if the degree is not from a Quebec university.
• The candidate must submit a comparative evaluation if the education was completed outside Quebec.
• The foreign expert can claim a tax deduction for a maximum of five years on their provincial tax return.
• The application and all requisite documents must be submitted via email in a single submission.
• For the initial application from a company, a copy of the certificate of incorporation is needed.