E-business tax credit to support the growth of IT firms

If your main activity is in information technology (IT), such as :

• Computer systems design,
• Software publishing,
• IT consulting service,
• Development, integration, maintenance or evolution of systems,
• Design or development of e-commerce solutions.

Then, the e-business development tax credit program (CDAE) is for you. Get 30% of the salaries paid to your IT resources each year to increase your business and support your competitiveness.

Looking for financing for IT? The SR&ED tax credit is more rewarding but also more intimidating. Do you really do experimental development?

Investissement Québec (IQ) manages eligibility for the program and issues certifications. Revenu Québec (RQ) manages the resulting tax credit.

When to file an application for the e-business tax credit

Applications for attestations for the company and employees must be submitted to IQ no later than 15 months after the end of your fiscal year.

The application for a tax credit for e-business must be submitted RQ no later than 18 months after the end of your fiscal year.

What to document

The key to ensuring the eligibility of a corporation and its employees for the e-business tax credit is the documentation of the:

• Structure of this company,
• Nature of the company’s revenues,
• Activities carried out by the resources claimed.

The 1st application for the e-business tax credit is essential

The first application for the e-business tax credit is particularly critical in establishing your credibility with Investissement Québec. IQ thoroughly evaluates your application, your documentation, as well as public information about your company.

Do not be surprised by the extent of the assessment or the pitfalls as your e-business application may be rejected.

After a first refusal of a e-business claim, future applications become more difficult to accept.

Do you have doubts, or do you need help? Contact us R & D Action maximizes your success.

R&D Action are e-business experts

R & D Action is a team of experienced technical and accounting experts in e-business. Our resources have produced and obtained more than 50 e-business claims in recent years.

To new claimants we offer:

• A screening process to quickly and safely assess your company’s eligibility for e-business, and
• Practical recommendations appropriate to your situation.

The winning process:

In conclusion, R&D Action accompanies you through the whole process until the receipt of the checks:

• Validate the eligibility of your company;
• Build the necessary evidence to obtain sufficient comfort;
• Prepare the documentation requested by Investissement Québec;
• Represents you with Investissement Québec;
• Prepares the tax schedules required to obtain the credit;
• Represents you with Revenu Québec;
• Assists you in financing your tax credits receivable.

Important note: the information contained in this blog is for information only. Before evaluating or submitting a claim, you must consult an accounting or tax specialist such as R & D Action, and the relevant policies available on the Investissement Québec (IQ), Revenu Québec (ARQ) websites.

R&D Action welcomes you to our blog and thanks you for your visit.

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