Retention of Experienced Workers: Refundable Tax Credit for SMEs

In connection with its March 21, 2019, the Quebec government announced the introduction of a new refundable tax credit encouraging SMEs to hire or retain workers aged 60 years and older.

Calculating the credit

Generally, eligible corporations can benefit from a tax credit relating to employer contributions paid in a calendar year with respect to workers aged 60 years and older.

The credit applies to taxation years ended after December 31, 2018, with regard to employer contributions paid after this date.

Your Raymond Chabot Grant Thornton advisor can help you determine which measures apply to your situation and assist you with the steps needed to benefit from these measures.

Consult our summary of this tax credit.