Quebec tax credit for research, innovation and commercialization (CRIC)
The CRIC is Quebec's refundable tax credit for research, innovation and commercialization. It pays 30% on qualifying R&D and pre-commercialization spending above an exclusion threshold, on up to $1 million of that spending, and 20% beyond it. It applies to tax years beginning after 25 March 2025 and replaced Quebec's earlier R&D salary credit.
Start an applicationProgram facts
| Type | Tax credit |
|---|---|
| Who qualifies | Quebec businesses with qualifying R&D and pre-commercialization spending, for tax years beginning after 25 March 2025. |
| Amount or rate | 30% on qualifying spending above the exclusion threshold, on up to $1M of that spending; 20% beyond it. Refundable. |
| Intake status | Open. In force for tax years beginning after 25 March 2025. Official page updated 7 July 2026. |
| Run by | Government of Quebec |
| Checked on | 8 October 2026 |
| Official page | https://www.quebec.ca/en/gouvernement/finances-publiques/titre-par-defaut/tax-credit-r-d-commercialization |
How it pays
The CRIC is refundable, so it is paid even when the business owes no Quebec tax. Like any tax credit, it comes after the spending and after the claim is filed.
It replaced the old R&D salary credit and related credits, which ended for tax years beginning after 25 March 2025 (Quebec Finance bulletin 2025-6). Advice or software built around the old credit may be out of date.
Funding your share while you wait
Between paying researchers and receiving the credit, the business carries the whole cost. For a small team, that can be most of a year of R&D salaries.
A line of credit is the usual way to carry it, drawn as salaries are paid and repaid when the refund arrives. Voxen assesses it on revenue and statements; the expected credit is not taken as security, and Voxen does not prepare claims.
The Voxen products that fit this program. Ranges are the ones on each product page; every file is assessed on the business's revenue and bank statements.
| Financing | Range | What it covers here |
|---|---|---|
| Line of Credit | Credit Limit: $10,000 – $1,000,000 | Working capital while you wait for a reimbursement or a refund. Draw what the project needs, pay it down when the money arrives. |
| Bridge Loan | Loan Amount: $30,000 – $5,000,000 | A short loan for a defined gap, when you know where the money that repays it will come from. |
Related programs
| Program | Type | Status | Checked |
|---|---|---|---|
| SR&ED tax credit | Tax credit | Continuous intake | 8 October 2026 |
| NRC IRAP | Grant (non-repayable contribution) | Continuous intake | 8 October 2026 |
| C3i tax credit | Tax credit | Open | 8 October 2026 |
- SR&ED tax credit (Scientific Research and Experimental Development)
- NRC IRAP (Industrial Research Assistance Program)
- Investment and innovation tax credit (C3i)
- More programs for this situation: R&D and innovation tax credits
Not sure which program fits? Ask us
Tell us about the project and we will tell you which programs are worth a look and what financing could carry your share. Voxen does not prepare grant applications; if you want help with one, we can point you to specialists who do that work.
Notice
Voxen Capital is a private financing broker, not a government body. It does not decide, influence or guarantee any grant, credit or government loan, and it does not prepare grant applications. Program details change: check the official page before you apply.
Frequently asked questions
What happened to Quebec's R&D salary tax credit?
It was replaced by the CRIC for tax years beginning after 25 March 2025, as set out in Quebec Finance bulletin 2025-6.
How much does the CRIC pay?
30% on qualifying spending above the exclusion threshold, on up to $1 million of that spending, then 20%.
Is the CRIC refundable?
Yes.
Where do I check the details before claiming?
On the Quebec government's CRIC page and on Revenu Québec's pages. The research behind this page could not read Revenu Québec's site directly, so confirm the claim mechanics there.