Tax Credit for Gaspésie and Maritime Regions
$83,333.00
Tax Credit
Description:
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.
Comments on Funding:
Funding takes the form of a refundable tax credit calculated on the total eligible payroll. The rate varies according to the sector of activity:
– 30% for marine biotechnology, mariculture and the recreational tourism sector;
– 15% for other eligible activity sectors.
December 31, 2025
Eligibility:
Gaspésie– Îles-De-La-Madeleine Region – Applicants must be businesses in:
1. Manufacturing Activities;
2. Marine Biotechnology and Mariculture;
3. Manufacturing or Transformation of Finished or Semi-Finished Products from Slate or Peat;
4. Wind Energy Production and Wind Turbine Manufacturing;
5. Seafood Processing; and
6. Recreational and Touristic Activities (only in La Matanie MRC).
Côte-Nord Region – Applicants must be businesses in:
1. Marine Biotechnology and Mariculture;
2. Manufacturing or Transformation of Finished or Semi-Finished Products from Slate or Peat; and
3. Seafood Processing.
Bas-Saint-Laurent Region – Applicants must be businesses in:
1. Marine Biotechnology and Mariculture;
2. Manufacturing or Transformation of Finished or Semi-Finished Products from Slate or Peat;
3. Wind Energy Production and Wind Turbine Manufacturing (MRC de La Matanie seulement);
4. Seafood Processing (MRC de La Matanie seulement); and
5. Recreational and Touristic Activities.
Eligible employees:
To be eligible, the employee must work in an establishment of an eligible corporation, located in an eligible region, and devote at least 75% of their time to tasks directly related to eligible activities, which excludes in particular the tasks of general Administration.
Eligible wages:
The eligible salary corresponds to the employment income generally calculated under the Taxation Act, ie the salary paid to an eligible employee up to $83,333 per year.
Application Steps:
1. Applicants must complete and send to Investissement Québec the initial certificate and recognized business certificate applications;
2. Investissement Québec will confirm their eligibility after analyzing the applicants’ file.
3. If they have any questions, contact one of the Investissement Québec’s experts at 1-844-474-6367 .
Documentation Needed:
Applicants must provide a completed application, and other required documents, as requested.
Other Things to Note:
This tax credit is offered until December 31, 2025. The operation of the recognized business in the eligible region must begin no later than December 31, 2025.
About the author
Maurice
