Montreal is a global centre for interactive multimedia, artificial intelligence, gaming and creative technology. Quebec’s reduced rate for small businesses can be as low as 3.2 percent on the first $500,000 of eligible income, and 2.2 percent for taxation years starting after 29 April 2026, depending on remunerated hours or primary and manufacturing activity (sources: Quebec Finance Bulletin 2026-3, CRA corporation tax rates, reviewed on 8 October 2026).
786 Venture CPA provides small business accounting, bookkeeping and tax filing, including corporate T2 and personal T1 returns, for Montreal businesses, with CPA review on every file. We are based in Calgary and serve Montreal clients remotely rather than from a local office.
Quebec's minimum rate on the first $500,000 of eligible income; 2.2% for taxation years starting after 29 April 2026. The reduced rate depends on remunerated hours or primary and manufacturing activity. Combined with the 9% federal rate: as low as 12.2% (11.2% for those later years). Source: Quebec Finance Bulletin 2026-3, CRA corporation tax rates, reviewed on 8 October 2026.
Above the $500,000 limit (26.5% combined with the 15% federal rate). Source: Quebec Finance Bulletin 2026-3, CRA corporation tax rates, reviewed on 8 October 2026.
9.975% QST + 5% GST. Source: CRA GST/HST rates, reviewed on 8 October 2026.
Refundable credit on Quebec labour (gaming, VFX, animation)
| Industry | QC Labour Cost | Credit Rate | Cash Refund |
|---|---|---|---|
|
Video Game Dev |
$1,000,000 |
37.5% |
$375,000
|
|
VFX/Animation |
$800,000 |
37.5% |
$300,000
|
|
AI/Machine Learning |
$500,000 |
30% (E-Business) |
$150,000 |
Home to Ubisoft, Warner Bros: we maximize Quebec's generous 37.5% multimedia credit
Mila, Element AI expertise: specialized credits for AI research and development
Full service in French and English
Separate Quebec and federal sales tax management
RQ reporting, source deductions, employer obligations
Essential for multimedia and gaming credit claims
Balance sheets, P&L, cash flow in French or English
37.5% refundable on QC labour for gaming/VFX
24-30% for specialized e-commerce activities
Federal + provincial R&D credits combined
CO-17, TP-1 preparation and filing
We begin by understanding how your business earns revenue and qualifies for Québec programs. This includes reviewing development workflows, payroll structure, IP ownership, and credit eligibility to identify early planning risks and opportunities.
Québec’s tax environment rewards precise structuring. We design strategies that align corporate setup, payroll, and credit claims with long-term growth. Our accounting tax services for Montréal businesses focus on maximising refundable credits while maintaining full compliance.
We implement the strategy by organising financial records, strengthening reporting systems, and managing payroll and filings in both languages. Reliable bookkeeping services in Montréal ensure accurate data that supports audits, funding, and credit reviews.
As projects evolve and regulations change, we provide continuous review and refinement. Ongoing oversight helps your Montréal accountant small business approach stay efficient, compliant, and aligned with profitability goals.
VFX & Animation
Montreal is a global leader in gaming, VFX, and AI. Quebec offers refundable tax credits on multimedia labour. We maximize every dollar you’re entitled to.
Full service in French and English
We have supported Quebec multimedia credit claims for studios across Montreal
Eligible labour and development costs may qualify for refundable credits. Proper tracking, payroll structure, and documentation are critical to ensure claims are accurate, defensible, and maximised.
Many are, depending on activities and structure. Eligibility requires careful analysis of development work, employee roles, and IP ownership to avoid denied or reduced claims.
Québec filings, payroll, and correspondence often require French documentation. Bilingual accounting ensures accuracy, compliance, and smoother communication with government agencies.
The low rate improves retained earnings, but benefits depend on structure and income thresholds. Strategic planning ensures businesses qualify and transition smoothly as they grow.
Monthly bookkeeping with quarterly reviews is recommended. Regular analysis supports accurate credit claims, cash-flow management, and early identification of compliance risks.
Reviewed on 8 October 2026. Tax rates and thresholds on this page are from Quebec Finance Bulletin 2026-3, CRA corporation tax rates, CRA GST/HST rates. This article provides general information current as at the date shown. It is not accounting, tax or legal advice and should not be relied on for any specific situation. Contact 786 Venture CPA for advice on your circumstances.
786 Venture CPA
#115, 1925 18th Ave NE, Calgary, AB T2E 7T8
Téléphone (844) 786-8272 Ligne directe (587) 715-1200
[email protected]
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