Changes to the Refundable Tax Credit for Book Publishing
The sectoral parameters of the refundable tax credit for book publishing will be changed so that the digital version of an eligible book (or a book that is part of an eligible group of books) of a corporation is eligible for the tax credit.
The tax legislation will also be amended so that the tax base of the refundable tax credit for book publishing is extended to include the labour expenditure attributable to the publishing expenses for the digital version of an eligible book (or a book that is part of an eligible group of books).
These changes will apply to a book (or a book that is part of a group of books) in respect of which an initial application for an advance ruling (or, where no application for an advance ruling is filed, an initial application for a certificate) is filed with the Société de développement des entreprises culturelles after March 17, 2011.
For more details, refer to the 2011-2012 Budget Plan of the Ministère des Finances, page J.25.