Tax Credit to Support Print Media Companies
$26,250.00
Tax Credit
Description:
This tax credit supports Québec print media companies by offering them a tax credit of up to $26,250 a year for each eligible employee.
Comments on Funding:
Funding takes the form of a refundable tax credit equal to 35% of the salaries of eligible employees hired after December 31, 2018.
Rolling deadline
Eligibility:
Eligible companies must:
1. be corporations that have an establishment in Québec;
2. be producing and distributing written information media recognized as eligible media, meeting the criteria as follows:
a) It is produced and distributed daily or periodically ( at least 10 times a year ) in print, Web or mobile format (application reserved for information);
b) It has been produced and distributed for at least 12 months before the filing of the first application ;
c) It publishes original written content of general interest that is specifically aimed at the Quebec population and that covers at least three of the following seven themes : politics, the municipal world, the international situation, culture, business and the economy , local news, miscellaneous facts;
d) The newsroom is located in an establishment located in Canada of the company that publishes it and the persons responsible for the original written information content — reports, portraits or interviews, analyses, columns, investigative files and editorials — are journalists .
Eligible employees must:
1. hold a full-time job;
2. devote at least 75% of his work time to undertaking or directly supervising eligible activities, namely those:
a) relating to the production of original written information content intended for broadcast in a qualifying medium of the company; or
b) the operation of information technologies related to the production or the diffusion of such content.
Application Steps:
1. Applicants must complete the request for media and employee certifications and send them to Investissement Québec after the end of the fiscal year;
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:
Features of tax assistance
This is a refundable tax credit equal to 35% of the salaries of eligible employees hired after December 31, 2018.
About the author
Maurice
