Salaries and Wages Eligible for the Credit for Contributions to the Health Services Fund
If you have an annual certificate issued by the Minister of Finance for a given year confirming that a project qualifies as a large investment project for which an initial certificate was issued and certifying that the project is being carried out in that year, you may be eligible, under certain conditions, for a credit for contributions to the health services fund on the salaries and wages that are subject to the contribution and that you pay employees in a pay period that includes the exemption period.
You must include the salaries and wages subject to the contribution in the total payroll used to determine your contribution rate.
Salaries and wages do not include:
- directors' fees
- taxable benefits
- bonuses and incentives
- commissions
- the salary or wages paid to an employee whose duties consist in building, expanding or modernizing the site where a large investment project will be carried out
If a pay period does not fall entirely within the exemption period, only the portion of the salaries and wages related to the exemption period is eligible for a credit for contributions to the health services fund.
The tax assistance that a corporation, a partnership or a corporation that is a member of a partnership may receive during the exemption period in respect of a large investment project cannot exceed an amount that is its tax assistance limit for that year. For more information, see the Guide de la déclaration de revenus des sociétés (CO-17.G) (available in French only).