Tax credit for resources (Quebec, Canada)
Last modified on February 12, 2015.
|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|
|Funding Source||Government of Quebec|
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.
|Department||Revenu Quebec, Resources Naturalles Quebec|