Taxation in Québec: Favourable Measures to Foster Investment is intended specifically for foreign companies considering carrying out an investment project in Québec.

It provides an overview of the principal tax measures that apply to companies operating in Québec.

In addition to very attractive tax measures, Québec has given Investissement Québec specific tools that enable it to act as a financial partner to businesses. Although this brochure focuses on tax issues, Québec provides businesses with a range of financial solutions that complement those offered by financial institutions. These solutions may include conventional loans, loan guarantees, non-refundable contributions or equity interests.

The information in this brochure was up to date as at May 1, 2018, and does not reflect any modifications that might have been announced subsequent to that date. Monetary amounts are expressed in Canadian dollars.

This brochure is for information purposes only. It does not substitute for legislation, regulations or orders adopted by the Québec government.

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Online Tax Strategies−July 2018−ITC recapture: Phase-out update in Ontario and Prince Edward Island

It is finally happening! The ongoing compliance and recapture restrictions that large business have had to contend with since 2010 in Ontario are finally going away. While the changes are very welcome, ensuring your organization is prepared and correctly accounting for the change is almost as important as the initial reporting was to ensure that your organization is no longer absorbing the tax, or a portion of the tax, as a cost—a concept that effectively is contrary to the basics of a value-added tax regime.

The specific provisions previously applied to large businesses— organizations that exceeded $10 million in taxable and zero-rated revenues during their last fiscal year (including all sales made by associated entities). These organizations were required to recapture a portion of their input tax credits (ITCs) claimed in respect of the provincial part of the HST paid or payable on specified property and services in Ontario and Prince Edward Island.

Download the document below for more information.

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Online Tax Strategies−July 2018 : New change to GST/HST reporting on sale of carbon emission allowances

Businesses and other persons who buy or sell emission credits under a cap and trade or other carbon pricing system should be aware of recent changes made by the Department of Finance to the reporting of GST/HST on sales of carbon emission allowances.

As of June 27, 2018, a person who purchases taxable carbon emission allowances from another person is required to self-assess the applicable GST/HST on that purchase. In the past, the tax on such a transaction would have been required to be collected and remitted in the more usual way by the vendor. Transitional rules have also been announced to accompany this change.

Carbon emission allowances are credits and similar instruments issued by a government, international organization or other regulating body to quantify greenhouse gas emissions to satisfy a program implemented to regulate such emissions.

Download the document below for more information.

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Mylène Tétreault
Senior Manager | M. Fisc., B.B.A. Fin. | Tax

What are the tax implications for a Canadian citizen buying, selling or leasing real estate in the United States? What does it mean to be a U.S. tax resident and who does this status apply to?

Mylène Tétreault, Senior Manager at Raymond Chabot Grant Thornton and U.S. Tax Expert answers these and many other questions in this video.

02 Aug 2018  |  Written by :

Mylène Tétreault is your expert in taxation for the Québec office. Contact her today!

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