Gaspésie and Maritime Regions Tax Credit

Overview of the Gaspésie and Maritime Regions Tax Credit program:

This measure is designed to encourage job creation in certain maritime regions of Québec, including Bas-Saint-Laurent, Côte-Nord and Gaspésie–Îles-de-la-Madeleine. Eligible corporations can obtain a tax credit until December 31, 2025. Credit Rate The refundable tax credit is calculated based on the total eligible payroll. The rate varies depending on the activity: 30% for marine biotechnology, mariculture and recreational and tourism activities. 15% for all other eligible activities.

Benefits of the Gaspésie and Maritime Regions Tax Credit program:

• Manufacturing activities
• Marine biotechnology and mariculture
• Manufacturing or processing of finished or semi-finished products from slate or peat
• Production of wind power and manufacturing of wind turbines
• Processing of sea products
• Recreational and tourism activities

Eligibility criteria of the Gaspésie and Maritime Regions Tax Credit program:

• To be eligible, employees must work in a facility operated by an eligible corporation located in an eligible region and devote at least 75% of their time to tasks directly related to eligible activities, which exclude, for instance, general administrative tasks.
• To be entitled to the tax credit, your corporation must obtain an initial qualification certificate issued by Investissement Quebec.
• To obtain the certificate, your corporation must demonstrate, among other things, that it can, within a reasonable length of time, create the equivalent of at least three full-time positions in a facility located in an eligible region.
• Each year, your corporation must also obtain from Investissement Quebec a business qualification certificate for its activities along with an employee certificate for its eligible employees.