Incentives, programs and financing

Investissement Québec’s ESSOR program – Support for investment projects with eligible expenditures of $250,000 or more

Strategic Innovation Fund – covers up to 50% of eligible expenses for a project of at least $10M

Regional Economic Growth through Innovation program by Canada Economic Development (CED) – covers up to 50% of costs directly related to a project of up to $2M

Financing – Productivity Innovation Initiative – A loan of $50,000 or more to finance the implementation of innovative projects – may cover up to 100% of project costs

Tax credits for scientific research and experimental development (R&D) from Revenu Québec (refundable) – Tax credit of 14% on salaries and considerations paid to subcontractors in Quebec

Canada’s Scientific Research and Experimental Development (SR&ED) Program(non-refundable) – Tax credit of 15% on eligible activities and expenditures

The government of Quebec’s program offering financial assistance for job creation and training

• Covers 25% of eligible costs for implementing a training plan
• Covers 50% of the costs of setting up a human resource management department (50 new jobs may be created over 24 months)

Development of E-Business – enables specialized corporations that carry out innovative, high-value-added activities in the IT sector to obtain a tax credit of an annual maximum of $25,000 per eligible employee

Innov’Action agroalimentaire program – MAPAQ – 4 available categories, which aim to increase the competitiveness of businesses in the agricultural and food processing sectors