Tax Credit for Private Partnership Pre-Competitive Research

A company which has obtained an advance ruling from Revenu Québec and a favorable opinion of the Minister of Economic Development, Innovation and Export Trade before March 14, 2008, and holds an eligibility certificate issued by the Minister of Higher Education, Research, Science and Technology during the tax year, carried on a business in Canada and entered into a private partnership to conduct scientific research and experimental development (R&D) in Quebec may, under certain conditions, claim a tax credit for eligible R&D expenses incurred in the taxation year.

• The rate of this tax credit is 35% for eligible expenses incurred by the corporation before June 5, 2014 or under a research contract entered into before June 4, 2014.

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