Tax Credit
Tax Credit for the Hiring of Employees by New Financial Services Corporations
An eligible corporation that has an establishment in Québec during the taxation year, which operates a business whose activities are part of the financial services industry and has obtained after March 20, 2012 a certificate of qualification and the Minister of Finance of Economy and the Minister of Finance for its financial services activities may, under certain conditions, claim a tax credit for eligible salaries incurred with respect to eligible employees during part of the period of validity of his certificate of qualification which is included in its taxation year.
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Description
An eligible corporation that has an establishment in Québec during the taxation year, which operates a business whose activities are part of the financial services industry and has obtained after March 20, 2012 a certificate of qualification and the Minister of Finance of Economy and the Minister of Finance for its financial services activities may, under certain conditions, claim a tax credit for eligible salaries incurred with respect to eligible employees during part of the period of validity of his certificate of qualification which is included in its taxation year.- The rate of the tax credit is 30% for eligible salaries incurred before June 5, 2014 and 24% for eligible salaries incurred after June 4, 2014.