Crédit d’impôt relatif aux salaires (Tax Credit Relating to Wages)

By mmuise
Description:

This tax credit is intended for a corporation carrying on a business in Canada and carrying out scientific research and experimental development (R&D) work or having it carried out on its behalf may, under certain conditions.


Comments on Funding:

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Deadline: Rolling deadline
Eligibility:

Applicants must:

  • be companies that operate a business in Canada;
  • carry out or have work carried out on their behalf for R&D purposes in Quebec.

    Note that the following companies are not eligible for the R&D Salary Tax Credit:
  • A company that is exempt from tax.
  • A Crown corporation or a subsidiary wholly controlled by such a corporation.
  • A company that is directly or indirectly controlled, in any manner whatsoever, by a prescribed research entity, or that has been so controlled in the 24 months preceding the date on which an R&D contract was concluded, or a company related to such a controlled company.

    Company as a Member of a Partnership:
    - If, during the taxation year, the company is a member of a partnership (or a member of an interposed partnership that is a member of a partnership), then the company can claim this tax credit for its share of salaries paid by the partnership. If the company receives a Relevé 15 for the year, use the amounts entered in boxes 70, 71, and 74 of this statement to calculate the tax credit to which it is entitled.

    Associated Companies:
    - If, at the end of the calendar year ending in the taxation year, the company was associated with other eligible companies for the tax credit, these companies must agree among themselves on the allocation of the $3 million expense limit for the enhanced tax credit rate and complete the Agreement Respecting the Expense Limit Between Associated Companies (RD-102
  • 8) 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