International financial transactions eligible for the tax credit for international financial centres (IFC)

Certain international financial transactions carried out by a corporation may be eligible for a non-refundable tax credit under certain conditions.

International financial transactions are front-office activities. They must involve a foreign financial product, a foreign client, or both.

There are 24 types of qualifying international financial transactions, divided into 8 sectors of activity.

Insurance 

Damage insurance brokerage
Reinsurance

Commercial banks and lending institutions

Deposits of money
Factoring services
Foreign exchange transactions
Leasing services
Loans of money
Loans or deposits of money between IFCs

Investment banking

Financial engineering services
Financial packaging services

Brokerage and cash management

Cash management
Securities trading or securities distribution

International trade financing

Bill of exchange
Letter of credit
Discount operation
Documentary collection

Asset management

Administration of the shares of an investment fund
Distribution of the shares of an investment fund
Management of an investment fund
Organization of an investment fund
Securities advising or portfolio management

Immigrant Investor Program

Activities performed under the Québec Immigrant Investor Program

Fiduciary and clearing house services

Clearing house services
Fiduciary services