Tax measures

The Ministère des Finances develops and implements various financial assistance programs and tax measures to support businesses and research organizations in carrying out or expending their activities.

Whether you are seeking to start up, expand or diversify business or research activities, read the information in this section to find out whether one of our programs can be of assistance.

Tax measures relating to the financial sector

Refundable tax credit program for international financial centres (IFCs)
The refundable tax credit program for IFCs is a tax measure aimed at consolidating the development of the financial sector by facilitating the establishment and development, in the Montréal urban agglomeration, of businesses specializing in international financial back office activities.

Non-refundable tax credit for international financial centres (IFCs)
The non-refundable tax credit program for international financial centres (IFCs) was announced in the March 26, 2015 Budget Speech. It is a fiscal measure intended to consolidate the development of the financial sector by facilitating the establishment and development in the urban agglomeration of Montréal of businesses specializing in international financial transactions.

Creation of a new financial services corporation
Under new tax measures to foster the creation of new financial services corporations in Québec, corporations that hold a qualification certificate may claim refundable tax credits each taxation year over a period of five consecutive years.

Tax measures relating to businesses

Tax holiday for major investment projects
Corporations or partnerships having carried out a major investment project after November 20, 2012 may be eligible for a tax holiday with respect to their revenue from eligible activities relating to the project, and to a holiday with respect to the employer's contribution to the Health Services Fund (HSF), if they file an application for an initial certificate before November 21, 2017.