Tax holiday for a new business created to commercialize a given intellectual property
Did you set up a new business to commercialize your intellectual property before April 1, 2014? If so, you could benefit from this tax relief measure for a period of up to 10 years.
To be eligible:
- The intellectual property must come from a university or public research centre
- All your revenue must be associated with its commercial use
- You must hold a certificate issued by the department
Other conditions apply.