A Fostering Business Environment
R&D Incentives
In Quebec, all eligible R&D expenses are deductible. Governments allow current and capital expenditures to be deducted in the current year or later. The net cost of an eligible $100 R&D expenditure ranged from $24 to $42 in 2006.
Tax holiday for foreign workers
Foreign researchers and other experts enjoy a five year holiday from provincial income tax when they move to Quebec to engage in R&D work for a company.
YEAR |
1 |
2 |
3 |
4 |
5 |
6+ |
Rate (%) |
100 |
100 |
75 |
50 |
25 |
0 |
Other tax incentives
Strategic investment support program by the provincial government.
PASI program
Cost of operations
Montreal enjoys one of the most competitive operating costs among the 15 largest metropolitan area in North America.
Source: KPMG, 2006
Exchange rate : US$1 = CA$1.0254 (average of september 2007)
Access to the North American market
Metro Montreal is a gateway to the North American market of more than 440 million consumers thanks to NAFTA. It also represents a potential of 200 million consumers within a 600-mile (1,000-km) radius.
Its international airport received 11,4 million passengers in 2006 and major cities like Boston, New York, Philadelphia are reached within 90 minutes.
Evaluation and Regulation
Institutions provide assessment services to innovative medical technologies:
Agence d'évaluation des technologies et des modes d'intervention en santé (AETMIS)
Reporting to the Minister of Health and Social Services, the Agency has as its mission to advise and support, by means of assessments, policymakers in the health-care system with regard to the introduction, acquisition and utilization of health technologies and intervention modalities.
Canadian Coordinating Office for Health Technology Assessment (CCOHTA)
CCOHTA is a primary source for unbiased, evidence-based information on drugs, devices, health care systems and best practices. Canadian health care decision makers rely on CCOHTA to help them make well-informed health technology choices.
CRIM
www.hc-sc.gc.ca/dhp-mps/md-im/index_e.html
Partner of the Ministry of Health and Social services (MSSS) for the certification of all application transiting the RTSS (the health and social telecommunication network).
Health Canada
www.hc-sc.gc.ca/dhp-mps/md-im/index_e.html
Reviews medical devices to assess their safety, effectiveness and quality before being authorized for sale in Canada. More information about laws in Canada at http://laws.justice.gc.ca/en/F-27/SOR-98-282/index.html
Financing
Several entities offer a wide range of financing for companies at different stages:
Early stages: MSBI
Late stages: Desjardins capital de risque, SGF, Fonds de solidarité du Québec, CDP, Proquest and many private investors.
This document had been prepared by: Montréal International
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