Tax Credit for Production of Ethanol in Québec

An eligible corporation may, under certain conditions, claim a refundable tax credit regarding its eligible production of ethanol for a taxation year within the eligibility period. This tax credit is granted for a maximum period of ten years ending on or before March 31, 2018.

• The tax credit for ethanol production in Quebec is based on the eligible production of ethanol from the eligible corporation for a given month. The maximum rate of the tax credit for a given month is $ 0.185 per liter of ethanol. Given certain reduction factors, no tax credit is granted for one month during which the average monthly price of crude oil is equal to or exceeds $ 64.65 per barrel.
• The maximum monthly eligible ethanol production corresponds to a daily production of 345,205 liters of ethanol multiplied by the number of days in a given month.

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