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

By mmuise
Description:

An eligible corporation that produces eligible cellulosic ethanol in Québec can claim a tax credit for its eligible production of cellulosic ethanol made 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 cellulosic ethanol production business during its taxation year.

    Note that the following companies are not eligible for the Quebec cellulosic ethanol production tax credit:
  • A company that is exempt from tax;
  • A Crown corporation or a subsidiary wholly controlled by such a corporation.

    Associated Companies:
    - If the eligible company was associated with other eligible companies in the taxation year, these companies must agree among themselves on the allocation of the monthly ceiling for eligible cellulosic ethanol production for each month of the taxation year and complete the Agreement Respecting the Quebec Cellulosic Ethanol Production Tax Credit (CO-102
  • 3
  • OD) form.

    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 cellulosic ethanol production tax credit for activities arising from the realization of its major investment project.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise