This program is designed specifically for businesses like yours that want to boost their design capabilities without breaking the bank. With a tax credit of 12% to 24% on external design costs, you have a chance to receive up to $60,000 for hiring a designer or $40,000 for a pattern maker. If you choose to work with consultants, you can even get 65% reimbursement on their fees. This makes high-quality design more accessible for your business.

Applying for this program is straightforward and beneficial. There are no payback requirements, which means you can use the funds to enhance your product offerings without the burden of repayment. This aid can significantly improve your operations, fuel innovation, and ultimately help your business grow. The best part? There's no limit on business size or revenue, so both startups and established companies can take advantage of this opportunity. Don't miss out on a chance to elevate your business with solid design!

Type of Financing

This program offers a tax credit of 12% to 24% on the cost of external design activities. This includes salary costs for designers (up to $60,000) and pattern makers (up to $40,000). You can also receive 65% of the fees paid to consultants for admissible external design activities.

Repayment Terms and Fees

There are no repayment terms or interest rates for this program since it is a tax credit, not a loan. Therefore, you won’t have to pay anything back. As for fees, there are no associated costs with applying for this program.

Eligible and Ineligible Expenses

Eligible expenses include costs related to external design activities, specifically salaries for designers and pattern makers, as well as consultant fees. However, the funds cannot be used for any internal design work or unrelated business expenses. Make sure to keep this in mind when planning your applications.

• Location: Business must be based in Quebec.
• Sectors: Open to all sectors.
• Employees: No minimum or maximum number of employees required.
• Company Revenue: No minimum or maximum revenue qualifications.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.

Disqualifications:

• None specified.

This program provides your business with a tax credit of 12% to 24% on the costs related to external design activities. This includes salary costs for hiring a designer or pattern maker, with potential funding up to $60,000 for a designer and $40,000 for a pattern maker. If you opt for contracted design work, you can receive 65% reimbursement on the fees paid to a consultant.

The funds you receive can be used to enhance your design capabilities, helping you innovate and improve your products or services. This support can make a significant difference in your business operations, making high-quality design more accessible.

There’s no limit on the size or revenue of your business, meaning small startups and larger companies alike can benefit. And with no payback requirements, this opportunity allows you to invest wisely without financial stress. It's a smart way to elevate your business while keeping costs manageable.