In Québec, the tax rate for a corporation whose main activity is in the primary sector or the manufacturing and processing sector is 4%5 for the first $500,000 eligible for the SBD. [...] Québec Tax Credits The following expenditures are eligible for the Québec R&D tax credits: Salaries of employees who worked directly on the project; One-half of the fees paid to a subcontractor at arm’s length who performed R&D on behalf of the corporation in Québec;6 80% of the total eligible R&D expenditures incurred in connection with a research contract with a university or eligible rese [...] Québec Tax Credit for SMBs The rate of the four tax credits for SMBs is 30% on the first $3 million11 of eligible expenditures, less the exclusion threshold amount, which is the ceiling on eligible expenditures for the year. [...] The tax credit rate is determined based on the year of acquisition, the location where the investment is made and the corporation’s consolidated paid-up capital.18 However, an investment expenditure attributable to the execution of large investment projects (see section 3.7.1) cannot give rise to entitlement to the tax credit for investments in manufacturing and processing equipment. [...] For a particular fiscal year, the operator’s minimum tax is: 1% of the first $80 million of the value of the production at the mine shaft head for all mines operated; 4% on the value at the mine shaft head in excess of $80 million for all mines operated.