• Technological adaptation – Knowledge-based economy ...
  • Technological adaptation services
  • Salaries and wages (BDC)
  • Acquisition or rental of property (BDC)
  • Short-term rental of specialized facilities in a biotechnology ...
  • Multimedia titles
  • Corporations specialized in the production of multimedia ...

Tax credit for the short-term rental of specialized facilities (BDC)

A corporation that carries out an innovation project in a biotechnology development centre (BDC) and holds a certificate issued further to an application made after June 11, 2003, may be entitled to a refundable tax credit equal to 30% of the cost of renting eligible specialized facilities.

A five-year tax holiday with regard to income tax, tax on capital and the contribution to the health services fund may also be granted.

The credit is available in regions that have strategic advantages such as infrastructures in health, in education and in scientific research at the university level, as well as a sufficient number of new and growth industries. There are currently BDCs in Laval, Sherbrooke, Saint-Hyacinthe and Lévis.

Corporations that may apply for the credit

In order to claim the credit, the corporation must hold an unrevoked certificate from Investissement Québec stating that it is carrying on or may carry on, in a designated site, a business that constitutes an innovation project. To find out the eligibility requirements, contact Investissement Québec.

Expenses giving entitlement to the credit

The credit may be claimed with respect to the expenses attributable to the rental of eligible specialized facilities set up by the lessor. Such expenses may include:

• expenses attributable to property that is indispensable for the use of the facilities and is consumed in connection with that use
• costs related to the services of an operator, technician or other person whose services are indispensable for the use of the facilities

For more information about eligible specialized facilities, contact Investissement Québec.

How to apply for the credit

To apply for the credit, the corporation must complete form CO-1029.8.36.AL, Crédits d'impôt pour l'acquisition d'un bien, la location d'un bien ou la location ponctuelle d'installations spécialisées, and enclose the form with its income tax return or file the form no later than 12 months after the filing deadline for the return.

If the corporation wishes to claim the credit but the form is not available, contact Revenu Québec.

The corporation must also enclose the following documents with its return:

• a copy of the qualification certificate that Investissement Québec issued to the lessor with regard to the facilities
• a copy of the fee schedule respecting the facilities