Tax Credit for an In-House Design Activity

An eligible corporation (or an eligible partnership of which such a company is a member) which, for the taxation year, holds an eligibility certificate issued by the Minister of Finance and Economy or the Minister of Economy, Innovation and Exports in relation to a design activity may, under certain conditions, claim a tax credit for eligible wages incurred in the taxation year to a qualified designer or an eligible pattern maker.

For a company whose total assets, including the assets of associated companies: is equal to or less than $ 50 million, the rate of the tax credit is 24%; is equal to or greater than $ 75 million, the rate of the tax credit is 12%; is between 50 and 75 million dollars, the rate of the tax credit varies between 12% and 24%.

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