Choosing to locate in the Biotech City also means eligibility for the tax incentives offered by the Canadian and Quebec governments to companies involved in experimental research and development.
For example, the synergy created by the basic R&D assistance programs can cut your development costs significantly.
Under the BDC tax measure, BDC resident companies located in Laval can claim the following tax credits provided they obtain an eligibility certificate from Investissement Québec:
- 30% on eligible wages;
- 30% on purchased (3 years) or leased (5 years) specialized assets;
- 30% on leased specialized facilities (5 years).
Moreover, many funding agencies make locating in a BDC even more attractive by contributing to operating, expansion and exporting costs. One interesting tax measure offered by the Quebec government is the five-year tax holiday for foreign specialists.
Investment capital is available from venture capital firms.
Setting up in the Biotech City also means access to Canada’s solid, well-capitalized banking system.
Multiple tax measures are available; contact us for more information on the funding options available from:
