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Tax credit for Resources (Quebec, Canada)

Savings Category 
Program Info
Funding Source 

Government of Quebec

Program Type 
Sales Tax Incentive
Revenu Quebec, Resources Naturalles Quebec

This form is for an eligible corporation (and any member of a partnership that, if it were a corporation, be a qualified corporation company) who, for a taxation year, request a tax credit for eligible expenses that have the following characteristics: they are exploration costs including those costs incurred in Québec related to renewable energy and energy conservation in Canada; they are costs related to natural resources.

Up to 38.75% of eligible exploration expenses incurred by a non-operator in the Mid or Far North may be reimbursed, and up to 35% elsewhere in Québec. For an operator, the maximum amounts are 18.75% in the Mid or Far North and 15% elsewhere in Québec.