Tax Credit for Salaries and Wages (R&D)
You could benefit from a tax credit rate of 14% to 37.5% of your payroll, if your business:
- Performs or contracts out scientific research and experimental development (SR&ED) work
- Performs R&D work in Quebec
- Is neither exempt from taxes, nor controlled by an incorporated business exempt from taxes
- Is not an incorporated business controlled by a prescribed research entity
An eligible biopharmaceutical company that has a certificate issued by Investissement Québec before June 4, 2014 could benefit from a reduced rate.
Other conditions apply.