Quebec Proposes I/P Tax Credit

According to Me Julie Gauvreau at Goudreau Gage Dubuc in Montreal, the Quebec government announced in its last budget that it would provide tax credits for certain expenses related to intellectual property so as to improve the productivity of small manufacturing businesses.

The scope and limits of this financial support will be specified by regulations in months to come. However, documents filed with the budget reportedly indicate that the credit will apply to 40% of admissible expense for sprofessional and search fees associated with patent and intellectual property protection, up to a maximum of 50,000$ or 50% of all the expenses linked to a project.