Our Tax Partner Luc Lacombe was interviewed in Finance et Investissement about the major changes and new budget measures.
He explained particularly the changes relating to split income and the gradual decrease in the corporate tax rate.
Luc Lacombe mentioned that Quebec is reducing the corporate tax rate, which is excellent news […]. By 2021, Quebec will have reduced the tax rate from 8% to 4% for businesses that claim the small business deduction (SBD) and whose employees have an annual total of 5,500 paid hours. While he agrees with the Quebec measures, Lacombe questions the disparity with the federal SBD.
To find out more, read the April 27, 2018 Finance et Investissement article.