Fiscal Incentives
LBDC PROVINCIAL TAX PROGRAM
Any corporate entity, national or foreign, engaged in a specific activity in the fields of biotechnology and health sciences may be eligible for this provincial tax program which is exclusive to the LBDC.
The program provides for various tax incentives that can substantially reduce the effective development cost of a project, and alleviate cash flow pressures at the critical initial stages.
FISCAL INCENTIVES PROFILE
REFUNDABLE TAX CREDITS
- 30% of salaries paid to eligible employees (maximum $11,250 per employee) to December 31, 2013
- 30% of the cost of eligible specialized material acquired or leased by the corporation (3 years)
- 30% of the rental cost of specialized equipment and facilities located in the LBDC, the INRS-Armand-Frappier Institute (adjoining building), and the Experimental Biology Centre (5 years)
TAX HOLIDAY FOR FOREIGN RESEARCHERS
Foreign specialists employed by a company located in the LBDC may obtain a 5-year holiday from personal income tax on 75% of their earnings.
OTHER INCENTIVES
Eligible corporations can also take advantage of other financial incentives. For more information please contact a representative of Investissement-Québec at 1 800 461-2433 or visit the web site at www.investquebec.com
