Tax Credit for Investment and Innovation

Overview of the Tax Credit for Investment and Innovation program:

Tax Credit for Investment and Innovation aims to provide support and assistance to corporations with incurred expenses related to innovation and investment. Corporations or ventures are eligible to a cumulative tax credit limit of $100,000,000.00 and specified expenses must include those that are related to the acquisition of a specified property.

Benefits of the Tax Credit for Investment and Innovation program:

• Corporations or ventures are eligible to a cumulative tax credit limit of $100,000,000.00 and specified expenses must include those that are related to the acquisition of a specified property.

Eligibility criteria of the Tax Credit for Investment and Innovation program:

• To qualify for the tax credit, the specified expenses must be incurred after March 10, 2020, but before January 1, 2030. In addition, the corporation:
  • Must have an establishment in Quebec and carry on a business in Quebec;
  • Must not be exempt from income tax;
  • Must not be a Crown corporation or a subsidiary controlled corporation of a Crown corporation;
  • Must not be an aluminum producing corporation; and
  • Must not be an oil refining corporation