News and publications
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Results
QST: New prescribed rate for municipalities
The rate prescribed for municipalities under the QST tax system will increase from 5.7% to 7.3%, and apply to all reporting periods beginning after June 30, 2016. Read page 3 of the Information Bulletin to learn more
Expert advice and resources
Appointment • Michel Thibault, CPA, CA
Michel Thibault, CPA, CA, Raymond Chabot Grant Thornton, a été nommé administrateur provisoire de l'agence Voyages Éclair. Source : Le Bulletin
Member news
Tax treatment of automobile expenses
In keeping with the principle of harmonized tax legislation regarding automobiles, the various limits and rates governing the deductibility of automobile expenses and the calculation of the value of the taxable benefits relating to the use of automobiles contained in Quebec’s tax legislation and regulations will be the same in 2015 as those applicable under the federal tax system. Refer to the information bulletin published by Quebec’s Ministère des Finances
Expert advice and resources
Improvements to the tax holiday for large investment projects
Last week, Quebec’s Minister of Finance announced improvements to the tax holiday granted to businesses that will be carrying out large investment projects in Quebec. Read full details in the latest Information Bulletin published by the Ministère
Expert advice and resources
New measures for individuals and businesses
In its December information bulletin, Quebec’s Ministère des Finances announced, among other things, an increase in certain limits for the purposes of calculating the refundable tax credit for childcare expenses, and the deferral of the application of changes to the refundable tax credit relating to resources announced in 2012. For full details on these measures
Expert advice and resources
Reduction of tax assistance to municipalities
As part of the government’s approach to putting public finances in order, Quebec’s Ministère des Finances is making changes to 2 tax measures currently available to municipalities, namely, the partial rebate of the Quebec sales tax (QST), granted to all municipalities, and compensation for the elimination of the duties on amusements paid to the City of Montreal, Quebec City and the City of Laval. Read the Ministère's information bulletin
Expert advice and resources
Mention • Andrée Cossette, CPA, CA
Andrée Cossette, CPA, CA, vérificatrice générale de la Ville de Trois-Rivières, a été nommée dans un article intitulé « Trois-Rivières reçoit son bulletin ». Source : L'Hebdo Journal
Member news
Quebec voluntary disclosures: new mail addresses
In July, Revenu Québec issued a revised ADM. 4 interpretation bulletin (Volontary Disclosures) to reflect the change of name and contact information of the branch (“Direction”) responsible for voluntary disclosures. The changes came into effect immediately upon publication of the bulletin. It’s important to note, however, that the voluntary disclosure policy did not change. Read the bulletin
Expert advice and resources
Mention • Alain Girard, CPA, CA
Alain Girard, CPA, CA, vérificateur général de la Ville de Gatineau, a été cité dans un article intitulé « Gatineau doit mieux connaître son marché, selon le vérificateur général ». Sources : La Revue et Le Bulletin
Member news
Recent changes to Revenu Québec's voluntary disclosure policy
Over the past two years, Revenu Québec (“RQ”) has made changes to its voluntary disclosure policy. The following is a brief summary of the changes related to income taxes and the Quebec sales tax (“QST”).
News