Tax credit for resources (Quebec, Canada)

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Last modified on February 12, 2015.

EZFeed Policy

Place Quebec


   
Applies to States or Provinces Quebec;Quebec
Name Tax Credit for Resources (Quebec, Canada)
Policy Category Financial Incentive
Policy Type Sales Tax Incentive
Affected Technologies Biomass/Biogas, Concentrating Solar Power, Geothermal Electric, Natural Gas, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes

Implementing Sector State/Province











Funding Source Government of Quebec
















Primary Website http://www.revenuquebec.ca/fr/sepf/formulaires/co/co-1029_8_36_em.aspx



Last Review 2014-09-15



Summary

This form is for an eligible corporation (and any member of a partnership that, if it were a corporation, be a qualified corporation company) who, for a taxation year, request a tax credit for eligible expenses that have the following characteristics: they are exploration costs including those costs incurred in Québec related to renewable energy and energy conservation in Canada; they are costs related to natural resources.

Up to 38.75% of eligible exploration expenses incurred by a non-operator in the Mid or Far North may be reimbursed, and up to 35% elsewhere in Québec. For an operator, the maximum amounts are 18.75% in the Mid or Far North and 15% elsewhere in Québec.



Policy Contact

Department Revenu Quebec, Resources Naturalles Quebec










     
     


















References