Research Consortium Tax Credit
N/A
Tax Credit
Description:
A taxpayer operating a business in Canada can claim a tax credit for contributions or fees paid to an eligible research consortium of which they are a member. Scientific research and experimental development (R&D) activities related to their field of activity must be carried out in Quebec.
Comments on Funding:
N/A
Rolling Deadline
Eligibility:
Applicants must be members of the research consortium, including:
1. private enterprises (companies);
2. public or semi-public organizations;
3. operating in the same field or in the related sectors.
4. The Ministry issues a consortium certificate to an organization certifying that it is recognized as an eligible research consortium
Application Steps:
An organization seeking recognition as an eligible research consortium must submit a written application to the Ministry, including specific information and documents.
Technology Transfer Directorate – Tax Measures
Ministry of Economy, Innovation and Energy
393 Saint-Jacques Street, 4th floor
Montreal, H2Y 1N9
Phone: 514 873-1767, ext. 3202
Toll-free: 1 877 511-5889
Email: mesures.fiscales.RD@economie.gouv.qc.ca”
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
An organization wishing to be recognized as an eligible research consortium must submit its application along with the following documents:
A strategic plan containing:
the business development plan,
a brief history of its evolution,
its mission and short- and long-term objectives;
An organizational chart detailing the composition of the board of directors and committees involved in decisions relating to scientific research and experimental development (R&D);
A list of employees looking for work with their resumes;
A list of premises and equipment used in the context of SR&ED work;
Financial statements for the last two years;
A list of current and targeted members from all categories;
A demonstration of the representativeness of the consortium in its sector of activity, by presenting, for example:
the number of public or parapublic bodies that are members of the consortium and their total financial contribution in relation to the number of active members and their total financial contribution,
the number of companies that are members of the consortium compared to the number of companies operating in the same sector of activity.
About the author
Maurice
