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ARTICLE · 03 MAY 2021

Tech Companies: Three Things You Should Know From The 2021-22 Quebec Budget

Gowling WLG
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The Québec Budget 2021–2022 ("Budget") includes measures encouraging investment to accelerate technology adoption and strengthens several tax measures aimed at the technology sector.

CanadaTax
Malya Amghar
Malya Amghar
Laura Gheorghiu
Laura Gheorghiu
Daniel Lacelle
Daniel Lacelle
Yasmine Mekallach
Yasmine Mekallach
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The Québec Budget 2021-2022 ("Budget") includes measures encouraging investment to accelerate technology adoption and strengthens several tax measures aimed at the technology sector. The three key tax measures that tech businesses and entrepreneurs should know about are discussed below.  

For more details on these measures, see our latest article on Quebec's budget investment relief.

A. Temporary Increase in the Investment and Innovation Tax Credit (C3i)

The investment and innovation tax credit (C3i) encourages businesses across all sectors to acquire new technologies to digitize their production and management processes and upgrade their manufacturing equipment.

The government announced the doubling of C3i rates for specified expenses incurred to acquire a specified property after March 26, 2021, but before January 1, 2023.

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