Eligible employees

Some employees may qualify as eligible employees, either local or foreign specialists, as part of the measures applicable to new financial services corporations (NFSC).

Local employee

To be considered an eligible local employee for a given period of time, an employee must:

• work full-time, that is, a minimum of 26 hours per week
• have an employment contract for a minimum of 40 consecutive weeks
• perform functions directly attributable to the specific transactional process of the activities specified in the corporation’s certificate
• spend at least 75% of his or her duties to the execution of eligible activities
• work in the corporation’s facility located in Québec

Learn more about tax benefits

Foreign specialist employee

To be considered an eligible foreign specialist for a given period of time, an employee must:

• have a high level of expertise in the field of finance
• have an employment contract with the corporation operating the NFSC prior to his or her arrival in Canada
• work in the corporation’s facility located in Québec
• perform functions directly attributable to the specific transactional process of the activities specified in the corporation’s certificate
• spend at least 75% of his or her duties to the execution of eligible activities

Learn more about tax benefits