Industrial Design Tax Credit (IDTC)
Revenu Québec (RQ) may grant an industrial design tax credit (site in French only) to a corporation or partnership, holding a design activity certificate issued by the Ministry, for expenditures such as:
- wages incurred internally for one or more industrial designers employed by the company;
- fees of an external designer (consultant).
Revenu Québec (RQ) may grant an industrial design tax credit to a corporation or partnership, holding a design activity certificate issued by the Ministry, for expenditures such as:
- wages incurred internally for one or more industrial designers employed by the company;
- fees of an external designer (consultant).
Target customers
This tax measure applies to any company established in Québec that has a gross income of at least $ 150,000 for the taxation year and whose industrial design activities are carried out either by an in-house (employee) , Or by an external designer (consultant) who holds a certificate of qualification from our ministry.
Financial aid
The refundable tax credit (a check or reduction in taxes) varies according to the company’s global assets. This includes all companies associated with this corporation during the tax year:
- 24% if the asset is equal to or less than $ 50 million,
- 12% if the asset is equal to or greater than $ 75 million,
- between 12% and 24% if assets range between $ 50 million and $ 75 million.
Research and development :
get a tax credit through R & D Action