Eligible activities

Activities carried out by a new financial services corporation may be eligible for a refundable tax credit if they are carried out under certain conditions.

What you should know

To qualify for the tax benefits, a corporation must first hold the qualification certificate and annual certificates required under the Act respecting the sectoral parameters of certain fiscal measures (CQLR chapter P-5.1) This link opens a new window. and, to this end, hold the status of new financial services corporation.

Eligibility requirements

For the activities of the new financial services corporation to be eligible, they must be new, that is, they must be activities that were not previously carried out by another corporation.

The corporation must exclusively provide one or more of the eligible services.

Eligible services

Analysis, research, management, advisory and securities trading service or securities distribution

These services must be carried out by a securities dealer who is:

• an investment dealer
• a derivatives dealer
• a mutual fund dealer
• an exempt market dealer
• a restricted dealer

Securities advisory or securities portfolio management service

These services must be carried out by a securities adviser who is:

• a portfolio manager
• a restricted portfolio manager
• a derivatives portfolio manager
• an investment fund manager