Crédit d’impôt pour production d’éthanol au Québec (Tax Credit for Ethanol Production in Quebec)

By mmuise
Description:

An eligible corporation may, under certain conditions, claim a tax credit in relation to its eligible production of ethanol carried out before April 1, 2023.


Comments on Funding:

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Deadline: Rolling deadline
Eligibility:

The applicant must:

  • be the company that has an establishment in Quebec;
  • operate an eligible ethanol production business during its taxation year.
    Note that the following companies are not eligible for the Quebec ethanol production tax credit:
  • A company that is exempt from tax.
  • A Crown corporation or a subsidiary wholly controlled by such a corporation.
    Notes:
  • An eligible company that claims the Quebec ethanol production tax credit cannot claim the investment tax credit or the investment and innovation tax credit for property used in the operation of an ethanol production plant in Quebec.
  • A company that has submitted an initial eligibility certificate application for a major investment project to the Minister of Finance cannot benefit from the Quebec ethanol production tax credit for activities arising from the realization of its major investment project.
    Associated Companies:
    - If the company is associated with other eligible companies in the taxation year, these companies must agree among themselves on the allocation of the monthly ceiling for eligible ethanol production for each month of the taxation year and complete the Agreement Respecting the Quebec Ethanol Production Tax Credit (CO-102
  • 3
  • OM) form.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise