Tax Credit for the Construction of a Vessel

“Québec. Revenu Québec”

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Maximum Eligible Amount

Tax Credit

Fund Type

A company which, in the taxation year, has an establishment in Québec and carries on a shipbuilding business may, under certain conditions, claim a refundable tax credit for the construction of a vessel for which a Certificate of eligibility has been issued by the Minister of Finance and Economy or the Minister of Economy, Innovation and Exports.

  • The tax credit rates applicable to construction spending are: 37.5% for the prototype vessel; 33.75% for the first additional ship; 30% for the second additional ship; 26.25% for the third additional ship.



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