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This site presents translated summaries of information obtained from each funding body’s website. While we strive to ensure that all program information is as accurate and up-to-date as possible, we encourage users to consult each funder’s program documentation in full or to contact a program officer directly with any questions prior to submitting an application.

Interim Financing for the Refundable Tax Credit for Book Publication

Financement intérimaire du crédit d’impôt remboursable pour l’édition de livres

DESCRIPTION

This program offer a loan guarantee or, under exception circumstances, a direct loan covering up to 75% of the expected refundable tax credit.

CRITERIA

  • SODEC provides support to companies that have received a favourable preliminary decision regarding the refundable tax credit for books publishing
  • This loan guarantee from SODEC cannot at any time be granted for a loan if the lender requires a certificate of deposit as security or any other negotiable value of the same kind
  • The lender must be a bank or a financial service cooperative
  • To receive this financing, the applicant company must, when accepting the loan guarantee offer from SODEC, pay the non-refundable fees of a minimum of 2% of the anticipated tax credit
  • In the case of a renewal of the loan guarantee, non-refundable fees of a minimum of 2% of the balance at the date of renewal are payable
  • Applicant companies must reimburse the lender at the earliest of the following dates:
    • The filing date of the tax return if there is, at that time, a compensation for the tax credit receivable that is made against the tax to be paid
    • The date by which the company is obliged to file its income tax return, if it has not already been filed
    • The date of reception of the notice of assessment taking into account the tax credit(s) to be received during a given fiscal year
    • The date tax credit reimbursement is received by the relevant authorities
    • The thirtieth day preceding the expiry date of the loan guarantee
    • The date by which SODEC must issue a refusal to grant its final certification

EXPENSES

The loan guarantee covers 100% of the capital balance of the loan, as well as 100% of accumulated interest and recovery disbursement up to a maximum of 15% of the capital balance at the maturity date of the loan

Get In Touch With Your Agent

Click the funder’s logo to see the program’s official documentation. Please note that official documentation for some programs is only available in French.