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Change to the Existing Tax Credit for the Production of Ethanol in Québec

In view of the introduction of a refundable tax credit for the production of cellulosic ethanol and the possibility that the ethanol production of distinct production units may be mixed together in the same reservoir before an acquirer takes possession of the ethanol, changes will be made to the terms of application of the existing refundable tax credit for the production of ethanol in Québec. These changes are designed, among other things, to simplify administration of the tax credit. Accordingly, changes will be made to the definitions of the expressions “eligible production of ethanol” and “eligible ethanol.” The annual production ceiling will be replaced by a monthly ceiling, and the cumulative ceiling will be eliminated.

Other changes will be made to the refundable tax credit to adapt it to the introduction of the new refundable tax credit for the production of cellulosic ethanol and the introduction of a support program that applies specifically to eligible ethanol production.

For more details, refer to the 2011-2012 Budget Plan of the Ministère des Finances, page J.20.

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