Tax Credit for Production of Cellulosic Ethanol in Québec

An eligible corporation may, under certain conditions, claim a refundable tax credit for its eligible cellulosic ethanol production occurring after March 17, 2011 and before 1 April 2018.

• The tax credit for cellulosic ethanol production in Quebec is calculated based on the eligible production of cellulosic ethanol from the eligible corporation for a given month. The maximum rate of the tax credit for a given month is $ 0.15 per liter of cellulosic ethanol. Given certain reduction factors, no tax credit is granted for one month during which the average monthly price of ethanol is equal to or greater than $ 3.1333 US per barrel.

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