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- Québec’s New Budget Is Built for Entrepreneurs—Here’s What’s In It
Québec’s New Budget Is Built for Entrepreneurs—Here’s What’s In It
Plus: The Best Advice For Young People
Notable Daily
April 03, 2025
What’s In This Email
What Québec’s Latest Budget Means for Startups, Innovators, and Tariff-Hit Businesses
The Best Advice For Young People
That Stressed Out Coworker
Notable Spotlight: Bubble Experience Exhibit
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✍️ TAKE NOTE
What Québec’s Latest Budget Means for Startups, Innovators, and Tariff-Hit Businesses
For Canadian entrepreneurs—especially those navigating trade disruptions and the rising pressure to innovate currently—Québec’s new 2025 budget sends a clear signal: support is coming, but it’s going to look a little different.
The province has overhauled its innovation tax credit system, introduced fresh funding for startups, and earmarked over $600 million to help businesses absorb the economic impacts of U.S. tariffs.
This isn’t just about tax relief—it’s about creating a more agile, innovation-ready economy. Whether you’re an early-stage founder, building in AI, or managing supply chain challenges, these changes could have real implications for how you grow, invest, and compete in the years ahead.
Key Takeaways for Notable Entrepreneurs:
1. R&D Tax Credits Just Got Simpler—and Potentially More Lucrative
Québec has merged eight existing innovation incentives into one streamlined program: the Research, Innovation and Commercialization Tax Credit (CRIC). Businesses can now claim a 30% refundable credit on up to $1 million in eligible R&D expenses—designed to reduce red tape and make support more accessible for small to mid-sized companies.
2. A Bigger Push for AI Adoption
The revamped tax credit now incentivizes the integration of artificial intelligence into IT projects. It’s a targeted move to help Québec-based businesses accelerate their use of emerging technologies while staying competitive.
3. New Investment Fuel for Startups
A new $200-million investment fund will replace the Impulsion PME program, offering critical early-stage capital for startups looking to scale. This could unlock new doors for entrepreneurs in tech, clean energy, life sciences, and more.
4. Real Support for Businesses Hit by Tariffs
In response to the ongoing Canada-U.S. trade tensions, the budget includes over $600 million in financial assistance for companies facing added costs and disruptions from tariffs. This could be a lifeline for manufacturers, exporters, and supply-chain-dependent ventures.
Why It Matters: Québec’s 2025 budget isn’t just a policy update—it’s a reflection of the challenges and priorities shaping Canadian entrepreneurship right now. In a landscape defined by global uncertainty, inflation, and technological transformation, this mix of tax reform and targeted funding is aimed at helping local businesses build smarter, scale faster, and withstand volatility.
For founders and operators across the country, the message is clear: stay proactive, leverage what’s available, and don’t wait to pivot. Innovation isn’t just encouraged—it’s being backed.
🌐 AROUND THE INTERWEBS
Macolm Gladwell makes an important point in his advice to young people, while you’re young you should be focusing on where you want to move and where you want to grow. What do you think?
We all have that oooneee coworker who thinks they have the hardest job ever and the only one to struggle in the workplace. We all love a good rant though, so can we really even judge?
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Disclosure: While we utilize artificial intelligence (AI) to assist with certain aspects of content development, all information provided in our content is thoroughly vetted and edited by our team of humans. We strive to ensure the accuracy and reliability of all information. However, we recommend that readers conduct research or seek professional advice to make informed decisions. This email may contain sponsored content.