Published | Category : Income tax - businesses
Refundable Tax Credit for Book Publishing
Tax legislation will be amended to restore the former parameters of the tax credit. Thus,
- the tax credit rates applicable to a qualified expenditure will be 35% and 27%, respectively; and
- the maximum tax credit in respect of an eligible work or a work that is part of an eligible group of works will be $437,500.
These amendments will apply to an eligible work and to a work that is part of an eligible group of works for which an application for an advance ruling or, where no such application was previously filed in respect of the work or group of works, for which an application for a certificate was filed with the Société de développement des entreprises culturelles (SODEC) after March 26, 2015.
For more information, see page A.93 of the document entitled Additional Information 2015-2016 (PDF – 1.96 MB), published by the Ministère des Finances.