Tax credit for R&D, innovation and pre-commercialization (CRIC)
Qualified corporations can claim a refundable credit on R&D and pre-commercialization work carried out in Quebec.
Run by: Revenu Québec
Type: Tax credit
Where: Quebec
Funding: 20% basic rate; 30% on up to $1 million of expenditures above the exclusion threshold
Business size: Increased rate applies regardless of the corporation's assets
Deadline: Taxation years beginning after March 25, 2025
Related programs
Scientific Research and Experimental Development (SR&ED) tax incentives
Businesses doing eligible research and development in Canada can earn an investment tax credit, claimed with their income tax return.
NRC Industrial Research Assistance Program (IRAP) financial support
Technology-driven small and medium businesses can get project funding and advisor support to research, develop and commercialize products and services.
Innovative Solutions Canada
Small businesses can compete on government-set challenges to build prototypes, or have the government buy an innovation to test it in real settings.
Venture Development Grant
High-growth Alberta technology ventures can get a cost-shared grant; this program replaced the Alberta Innovates Voucher Program.