The IFC tax credit program encourages the establishment and development of new projects at companies specializing in international financial activities in the greater Montréal area.
A corporation that operates an international financial center (IFC) may be entitled to a tax credit for the salaries of its eligible employees. The tax benefit for a corporation holding IFC status can reach $18,000 per year per employee. The type of tax benefit and the amounts granted vary according to the category of activities carried on by the company.
An eligible foreign specialist employed by an IFC may qualify for a deduction on their taxable income for a period of five consecutive years.
