Elections to the board of the Order: Vote
with just a few clicks!
Voting is now under way in 2 of the 3 regions
holding an election, i.e. Capitale-Nationale
– Chaudière-Appalaches and Montreal, to
fill 2 director positions. As for the Outaouais
– Abitibi-Témiscamingue – Nord-du-Québec
region, a member was elected by acclamation.
Note that e-voting is taking place for the
first time this year. The deadline to cast
your vote is 4:00 p.m. on June 19.
|
|
|
Measures designed to protect the integrity
and fairness of Quebec’s tax system
In line with the joint approach of the Ministère
des Finances and Revenu Québec to fight
aggressive tax planning, these measures
will focus on countering sham transactions
and nominee agreements, as well as strengthening
the current mandatory disclosure mechanism.
|
Exposure Draft – Interest Rate Benchmark
Reform (Proposed amendments to IFRS 9
and IAS 39)
The AcSB has issued an Exposure Draft based
on the IASB’s own Exposure Draft. Submit
your comments by June 17.
|
E-commerce: Certain suppliers outside Quebec
required to collect the QST beginning September 1, 2019
Certain suppliers and operators of specified
digital platforms outside Quebec and registered
for the GST/HST will be required to register
for the QST and collect the tax.
|
Important clarification on VFM audits (performance
audits) of municipalities with 10,000 to 99,999 residents
Contrary to what some seem to believe, municipalities
with 10,000 to 99,999 residents
are not required to adopt a by-law
by September 1, 2019
entrusting their performance audit to the
Commission municipale du Québec (CMQ).
• A by-law can be adopted at any time as
of 2019 and for subsequent years. However,
once adopted, the election becomes
irrevocable.
• A municipality’s independent auditor can
carry out the VFM audit mandate if the municipality
requests it or if a by-law was not adopted
before September 1 of the previous year.
• For municipalities that would like the
CMQ to carry out their VFM audit, a by-law
to that effect must be adopted before September
1 of the previous year. For example, if
a municipality adopted its by-law on August
17, 2020, the CMQ could assume the municipality’s
VFM audit in 2021. If the by-law were instead
adopted on September 21, 2020, the CMQ could
assume the audit only as of 2022. |
|
|
|
