Qualified intellectual property

Property acquired after December 3, 2018, that is a patent or a right to use patented information, a licence, a permit, know-how, a commercial secret or other similar property constituting knowledge and that:

• is property included in class 14, class 14.1 or class 44;
• is acquired as part of a technology transfer, or is developed by or on behalf of the taxpayer to enable the taxpayer to implement an innovation or invention concerning the taxpayer's business;
• is used within a reasonable time after being acquired or after its development is completed;
• is used only in Québec and primarily in the course of carrying on a business for the period covering the process of implementing the innovation or invention;
• is not used during the implementation period to earn gross income that constitutes rent or a royalty;
• is not acquired by a person or a partnership with whom the purchaser is not dealing at arm's length.