Advantageous Tax Legislation

Promoters can count on support from the gouvernement du Québec for projects in the forest products sector. As far as tax issues are concerned, independent studies have shown that Québec’s business tax system is more competitive overall than those of any other North American jurisdictions. Québec’s system is particularly advantageous for businesses with R&D investments or spending.

Measures Favourable to Investments

The gouvernement du Québec has introduced a number of measures to encourage investments. The Strategic Investment Support Program (commonly known by its French acronym PASI) offered by Investissement Québec is designed to support investment projects in the manufacturing sector, including forest resource processing projects.

The Ministère des Ressources naturelles et de la Faune also offers investors a number of specialized financial assistance measures that provide support for pre-feasibility studies, feasibility studies and business plans produced by promoters and companies in Québec’s forest products sector. Assistance is also available for profiling of specific wood processing components (e.g. tree species, proposed products). It takes the form of non-refundable financial assistance equivalent to 50% of the cost of the study, up to a maximum of $50,000 per investment project.

In addition, there are opportunities for promoters to work in partnership with the Société générale de financement (SGF), a public investment corporation.

For further information, please contact the Direction du développement de l'industrie des produits forestiers.