Crédits d'impôt

Tax credits

 


 

An exclusive tax incentive: the Aluminium Valley tax credit®

 

Aluminium businesses that locate in Saguenay–Lac-Saint-Jean benefit from a unique tax incentive: the Aluminium Valley tax credit®.

This tax measure is designed to stimulate the manufacturing or processing of finished or semi-finished products made of aluminium, in Saguenay–Lac-Saint-Jean region. It enables eligible companies to obtain a tax credit until December 31, 2015.

This is a refundable tax credit based on a payroll increase attributable to eligible employees of a recognized business. The credit is established as follows:


20 %

 X

Total of eligible payroll paid by the company to its eligible employees, for the calendar year of eligibility.

-

Total of eligible payroll paid by the company to its eligible employees, for the eligible base calendar year.

*In general, the base calendar year is the one preceding the first calendar year of eligibility for the tax credit.

For additional information about the Aluminium Valley credit, go to Investissement Québec.

 

 

 

  1. Basic tax credit of 20%

    The Government of Canada grants a basic tax credit of 20%, which may reach up to 35%, for eligible R & D expenditures

  2. A corporation that, in the tax year, has an establishment in Québec, operates an eligible business there and signs an agreement with an eligible college centre for technology transfer, or with an eligible liaison and transfer centre, may under certain conditions, request a 50% tax credit for admissible expenditures it has incurred during that year.

  3. A corporation that operates a business in Canada and concludes a university research contract with an eligible academic entity or an eligible research contract with an eligible public research centre or eligible research consortium may, under certain conditions, request a 35% tax credit for all or part of eligible expenditures linked to scientific research or experimental development (R&D) that it carried out in the taxation year, under the terms of this contract.

  4. A corporation that operates a company in Canada and carries out, or has carried out on its behalf, scientific research and experimental development (R&D) in Québec, may, under certain conditions, request a refundable tax credit of 17.5% that may be increased to 37.5% for eligible R&D salaries that it paid in the taxation year.

  5. A corporation that, during the taxation year, operated a company in Canada and signed a private partnership agreement to conduct in Québec, or to have conducted on its behalf, scientific research and experimental development (R-D), may, under certain conditions, request a 35% tax credit for admissible expenditures that it incurred, or salaries that it paid during the taxation year.

  6. The SR & ED capital expense deduction

    Any taxpayer that operates a business in Canada may deduct in the computing its income for a taxation year, SR & ED expenditures for work conducted in Canada, under the terms of the Income Tax Act.

  7. Tax credit on admissible expenditures

    The Government of Québec grants a 35% tax credit on 80% of total admissible R & D expenditures, when they are made in Québec for a business.

  8. An eligible corporation that, during the taxation year, operates an establishment in Québec and has acquired, after March 13, 2008 but before the 1stof January 2016, manufacturing or processing equipment considered to be an eligible investment, may, under certain conditions, request an investment tax credit.

  9. A company may request a tax credit for expenditures that it incurred for an external consulting contract that provides for the completion of an eligible fashion or industrial design activity.

    A corporation that has an eligibility certificate issued by the ministre du Développement économique, de l'Innovation et de l'Exportation (or by the ministre des Finances et de l'Économie, if the certificate was delivered after September 19, 2012) may request the tax credit to conduct an internal design activity, for admissible expenditures that it incurred for an eligible designer or an eligible patternmaker for conducting eligible fashion or industrial design activities.

  10. A company that, during the taxation year, operates a business in Canada and is the member of a research consortium that holds an eligibility certificate issued by the ministre du Développement économique, de l'Innovation et de l'Exportation (or by the ministre des Finances et de l'Économie, if the certificate was delivered after September 19, 2012), may, under certain conditions, request a 35% tax credit for dues and fees paid to a R&D consortium.

    The advantages of the SR&ED tax incentive program are two-fold. Firstly, you may deduct SR & ED expenditures from your revenue for income tax purposes. Secondly, you earn an investment tax credit (ITC) for SR and ED that you can use to reduce the amount of tax payable under Part I, if any. In some instances, the ITC balance may be reimbursed.

  11. 11. The investment tax credit for scientific research and experimental development

    In general, a Canadian-controlled private corporation (CCPC) may earn an ITC refundable at the rate of 35%, which is 100% refundable for eligible SR & ED capital expenditures, up to a maximum threshold of 3 million dollars in admissible SR & ED expenditures for SR & ED conducted in Canada. A CCPC may also earn a 20% non-refundable ITC on any amount greater than this threshold. However, for a CCPC that complies with the definition of eligible corporation, the ITC earned at 20% on any amount over this threshold is 40% refundable for eligible current and capital SR & ED expenditures.

    For other corporations, the ITC rate is 20% of eligible SR & ED expenditures. The ITC may be applied against taxes paid and it is not refundable.