Tax Credit for Research, Innovation and Pre-commercialization (CRIC)
Refundable tax credit of 30% on first $1M of eligible R&D and pre-commercialization expenses, 20% on amounts above.
About this program
Introduced in the 2025-2026 Quebec budget effective for tax years beginning after March 25, 2025, the CRIC is a refundable tax credit that consolidates eight previous innovation tax credits. It provides 30% on qualified expenditures exceeding the exclusion threshold up to $1 million, and 20% on amounts above $1 million. Eligible expenditures include salaries, 50% of subcontractor payments, payments to research centers/consortia/universities, and capital property acquisition costs. Pre-commercialization activities including testing, validation, regulatory studies, and industrial design are also eligible.
Eligibility
Eligible corporations or members of eligible partnerships operating a business in Quebec with an establishment there, undertaking R&D or pre-commercialization activities in Quebec.
Requirements
- Corporation operating a business in Quebec with an establishment
- Undertake eligible R&D or pre-commercialization activities in Quebec
- File form RD-1029.8.CR-T with corporate income tax return