In support to Québec based listed companies’ financing – a tax credit for investors

Québec-based TSX listed companies have suffered a $103.8 billion loss in market capitalization (22%) during the 1st quarter of 2020. The companies most affected are those with a market capitalization of less than $500 million as at December 31, 2019. As a group, they have lost an aggregate 36% of market capitalization.

To facilitate their financing post COVID 19 and to stimulate the participation of retail investors, Québec Bourse has proposed the introduction of a 30% tax credit for those who would participate in these financings.

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