Revenu Québec Infos

Since June 1, 2015, the rate of the tax credit for the acquisition of Fondaction shares has been 20%. On June 1, 2018, that rate will decrease to 15%.

If an employee authorizes you to withhold an amount from his or her remuneration for the purchase, after May 31, 2018, of class A or class B Fondaction shares, you will have to adjust the way you calculate the employee's source deductions of income tax for each pay period in which an amount is withheld.

If you use the Source Deduction Table for Québec Income Tax (TP-1015.TI-V) to calculate source deductions of income tax, you must subtract from the employee's remuneration an amount equal to 75% (rather than 100%) of the amount withheld for the purchase, after May 31, 2018, of class A or class B Fondaction shares.

If you use the formulas in guide TP-1015.F-V to calculate source deductions of income tax, you must subtract from the income tax payable for the year an amount equal to 15% (rather than 20%) of the amount withheld for the purchase, after May 31, 2018, of class A or class B Fondaction shares.

Since June 1, 2015, the rate of the tax credit for the acquisition of Fondaction shares has been 20%. On June 1, 2018, that rate will decrease to 15%.

If an employee authorizes you to withhold an amount from his or her remuneration for the purchase, after May 31, 2018, of class A or class B Fondaction shares, you will have to adjust the way you calculate the employee's source deductions of income tax for each pay period in which an amount is withheld.

If you use the Source Deduction Table for Québec Income Tax (TP-1015.TI-V) to calculate source deductions of income tax, you must subtract from the employee's remuneration an amount equal to 75% (rather than 100%) of the amount withheld for the purchase, after May 31, 2018, of class A or class B Fondaction shares.

If you use the formulas in guide TP-1015.F-V to calculate source deductions of income tax, you must subtract from the income tax payable for the year an amount equal to 15% (rather than 20%) of the amount withheld for the purchase, after May 31, 2018, of class A or class B Fondaction shares.

Since June 1, 2015, the rate of the tax credit for the acquisition of Fondaction shares has been 20%. On June 1, 2018, that rate will decrease to 15%.

If an employee authorizes you to withhold an amount from his or her remuneration for the purchase, after May 31, 2018, of class A or class B Fondaction shares, you will have to adjust the way you calculate the employee's source deductions of income tax for each pay period in which an amount is withheld.

If you use the Source Deduction Table for Québec Income Tax (TP-1015.TI-V) to calculate source deductions of income tax, you must subtract from the employee's remuneration an amount equal to 75% (rather than 100%) of the amount withheld for the purchase, after May 31, 2018, of class A or class B Fondaction shares.

If you use the formulas in guide TP-1015.F-V to calculate source deductions of income tax, you must subtract from the income tax payable for the year an amount equal to 15% (rather than 20%) of the amount withheld for the purchase, after May 31, 2018, of class A or class B Fondaction shares.

Since June 1, 2015, the rate of the tax credit for the acquisition of Fondaction shares has been 20%. On June 1, 2018, that rate will decrease to 15%.

If an employee authorizes you to withhold an amount from his or her remuneration for the purchase, after May 31, 2018, of class A or class B Fondaction shares, you will have to adjust the way you calculate the employee's source deductions of income tax for each pay period in which an amount is withheld.

If you use the Source Deduction Table for Québec Income Tax (TP-1015.TI-V) to calculate source deductions of income tax, you must subtract from the employee's remuneration an amount equal to 75% (rather than 100%) of the amount withheld for the purchase, after May 31, 2018, of class A or class B Fondaction shares.

If you use the formulas in guide TP-1015.F-V to calculate source deductions of income tax, you must subtract from the income tax payable for the year an amount equal to 15% (rather than 20%) of the amount withheld for the purchase, after May 31, 2018, of class A or class B Fondaction shares. 

A corporation or a partnership that wants to take advantage of the tax holiday for a large investment project must apply to the Minister of Finance for an initial qualification certificate. The application must be filed before work on the project begins, and no later than December 31, 2020 (extended from November 20, 2017).

If a corporation or a partnership holds an initial qualification certificate in respect of a large investment project, it can apply to the Minister of Finance to have the certificate amended to add a phase to the project. The application must be filed:

• before work on the additional phase begins; and
• no later than the date on which the application for the first annual certificate in respect of the project is filed, and before January 1, 2021. 

A corporation or a partnership that wants to take advantage of the tax holiday for a large investment project must apply to the Minister of Finance for an initial qualification certificate. The application must be filed before work on the project begins, and no later than December 31, 2020 (extended from November 20, 2017).

If a corporation or a partnership holds an initial qualification certificate in respect of a large investment project, it can apply to the Minister of Finance to have the certificate amended to add a phase to the project. The application must be filed:

• before work on the additional phase begins; and
• no later than the date on which the application for the first annual certificate in respect of the project is filed, and before January 1, 2021. 

A corporation or a partnership that wants to take advantage of the tax holiday for a large investment project must apply to the Minister of Finance for an initial qualification certificate. The application must be filed before work on the project begins, and no later than December 31, 2020 (extended from November 20, 2017).

If a corporation or a partnership holds an initial qualification certificate in respect of a large investment project, it can apply to the Minister of Finance to have the certificate amended to add a phase to the project. The application must be filed:

• before work on the additional phase begins; and
• no later than the date on which the application for the first annual certificate in respect of the project is filed, and before January 1, 2021. 

A corporation or a partnership that wants to take advantage of the tax holiday for a large investment project must apply to the Minister of Finance for an initial qualification certificate. The application must be filed before work on the project begins, and no later than December 31, 2020 (extended from November 20, 2017).

If a corporation or a partnership holds an initial qualification certificate in respect of a large investment project, it can apply to the Minister of Finance to have the certificate amended to add a phase to the project. The application must be filed:

• before work on the additional phase begins; and
• no later than the date on which the application for the first annual certificate in respect of the project is filed, and before January 1, 2021. 

A corporation or a partnership that wants to take advantage of the tax holiday for a large investment project must apply to the Minister of Finance for an initial qualification certificate. The application must be filed before work on the project begins, and no later than December 31, 2020 (extended from November 20, 2017).

If a corporation or a partnership holds an initial qualification certificate in respect of a large investment project, it can apply to the Minister of Finance to have the certificate amended to add a phase to the project. The application must be filed:

• before work on the additional phase begins; and
• no later than the date on which the application for the first annual certificate in respect of the project is filed, and before January 1, 2021. 

The health services fund contribution rate applicable to an employer whose total payroll for a given year is less than $5 million is being reduced each year from 2017 to 2021.

The health services fund contribution rate applicable to an employer whose total payroll for a given year is less than $5 million is being reduced each year from 2017 to 2021.

The health services fund contribution rate applicable to an employer whose total payroll for a given year is less than $5 million is being reduced each year from 2017 to 2021.

The health services fund contribution rate applicable to an employer whose total payroll for a given year is less than $5 million is being reduced each year from 2017 to 2021.

For 2018, if you are an employer in the primary and manufacturing sectors, and more than 50% of your total payroll is related to activities in these sectors (see the note below), your contribution rate will be determined as follows:

• If your total payroll is less than or equal to $1 million, your contribution rate will be 1.50%.
• If your total payroll is between $1 million and $5 million, your contribution rate (W) will be determined using the following formula: <math xmlns="http://www.w3.org/1998/Math/MathML"><mrow><mi>W</mi> <mtext>(%)</mtext> <mo>=</mo> <mn>0.81</mn> <mo>+</mo> <mfenced open="(" close=")" separators=" "><mn>0.69</mn> <mo>×</mo> <mi>S</mi></mfenced></mrow></math>where <math xmlns="http://www.w3.org/1998/Math/MathML"><mrow><mi>S</mi> <mo>=</mo> <mfrac><mrow><mtext>total payroll</mtext></mrow><mrow><mtext>$</mtext> <mn>1,000,000</mn></mrow></mfrac></mrow></math>
• If your total payroll is $5 million or more, your contribution rate will be 4.26%.

In other cases, your contribution rate will be determined as follows:

• If your total payroll is less than or equal to $1 million, your contribution rate will be 2.3%.
• If your total payroll is between $1 million and $5 million, your contribution rate (W) will be determined using the following formula: <math xmlns="http://www.w3.org/1998/Math/MathML"><mrow><mi>W</mi> <mtext>(%)</mtext> <mo>=</mo> <mn>1.81</mn> <mo>+</mo> <mfenced open="(" close=")" separators=" "><mn>0.49</mn> <mo>×</mo> <mi>S</mi></mfenced></mrow></math>where <math xmlns="http://www.w3.org/1998/Math/MathML"><mrow><mi>S</mi> <mo>=</mo> <mfrac><mrow><mtext>total payroll</mtext></mrow><mrow><mrow><mtext>$</mtext> <mn>1,000,000</mn></mrow></mrow></mfrac></mrow></math>
• If your total payroll is $5 million or more, your contribution rate will be 4.26%.

Note

The primary and manufacturing sector activities are classified under codes 11, 21 and 31–33 of the North American Industry Classification System (NAICS). For a description of the codes, visit the Statistics Canada website.

Temporary reduction of the contribution to the health services fund for the creation of specialized jobs

To take into account the reduced rate of the health services fund contribution for small and medium-sized businesses, the reduction rate in form LE-34.1.12-V, Reduction of the Contribution to the Health Services Fund: Creation of Specialized Jobs, will be adjusted each year from 2017 to 2020.

The health services fund contribution rate applicable to an employer whose total payroll for a given year is less than $5 million is being reduced each year from 2017 to 2021.

For 2018, if you are an employer in the primary and manufacturing sectors and 50% of your total payroll is related to activities in these sectors (see the note below), your contribution rate will be determined as follows:

• If your total payroll is less than or equal to $1 million, your contribution rate will be 1.50%.
• If your total payroll is between $1 million and $5 million, your contribution rate (W) will be determined using the following formula: W (%) = 0.81 + 0.69 × S where S = total payroll $ 1,000,000
• If your total payroll is $5 million or more, your contribution rate will be 4.26%.

In other cases, your contribution rate will be determined as follows:

• If your total payroll is less than or equal to $1 million, your contribution rate will be 2.3%.
• If your total payroll is between $1 million and $5 million, your contribution rate (W) will be determined using the following formula: W (%) = 1.81 + 0.49 × S where S = total payroll $ 1,000,000
• If your total payroll is $5 million or more, your contribution rate will be 4.26%.

Note

The primary and manufacturing sector activities are classified under codes 11, 21 and 31–33 of the North American Industry Classification System (NAICS). For a description of the codes, visit the Statistics Canada website.

Temporary reduction of the contribution to the health services fund for the creation of specialized jobs

To take into account the reduced rate of the health services fund contribution for small and medium-sized businesses, the reduction rate in form LE-34.1.12-V, Reduction of the Contribution to the Health Services Fund: Creation of Specialized Jobs, will be adjusted each year from 2017 to 2020.

Not all goods and services acquired by a large business under the QST system give entitlement to input tax refunds (ITRs).

Therefore, as a registrant, you must determine whether you constitute an SMB (small or medium-sized business) or a large business for each fiscal year.

You are generally considered to be a large business for a given fiscal year if your and any associated corporations' taxable supplies made in Canada in the fiscal year that precedes the given fiscal year exceed $10 million.

For more information, see the Large Businesses page or the interpretation bulletin entitled “Qualification as a small or medium-sized business or as a large business” (TVQ. 206.1-9).

Note

Restrictions on ITRs will be gradually eliminated as of January 1, 2018.

Not all goods and services acquired by a large business under the QST system give entitlement to input tax refunds (ITRs).

Therefore, as a registrant, you must determine whether you constitute an SMB (small or medium-sized business) or a large business for each fiscal year.

You are generally considered to be a large business for a given fiscal year if your and any associated corporations' taxable supplies made in Canada in the fiscal year that precedes the given fiscal year exceed $10 million.

For more information, see the Large Businesses page or the interpretation bulletin entitled “Qualification as a small or medium-sized business or as a large business” (TVQ. 206.1-9).

Note

Restrictions on ITRs will be gradually eliminated as of January 1, 2018.

Not all goods and services acquired by a large business under the QST system give entitlement to input tax refunds (ITRs).

Therefore, as a registrant, you must determine whether you constitute an SMB (small or medium-sized business) or a large business for each fiscal year.

You are generally considered to be a large business for a given fiscal year if your and any associated corporations' taxable supplies made in Canada in the fiscal year that precedes the given fiscal year exceed $10 million.

For more information, see the Large Businesses page or the interpretation bulletin entitled “Qualification as a small or medium-sized business or as a large business” (TVQ. 206.1-9).

Note

Restrictions on ITRs will be gradually eliminated as of January 1, 2018.

Not all goods and services acquired by a large business under the QST system give entitlement to input tax refunds (ITRs).

Therefore, as a registrant, you must determine whether you constitute an SMB (small or medium-sized business) or a large business for each fiscal year.

You are generally considered to be a large business for a given fiscal year if your and any associated corporations' taxable supplies made in Canada in the fiscal year that precedes the given fiscal year exceed $10 million.

For more information, see the Large Businesses page or the interpretation bulletin entitled “Qualification as a small or medium-sized business or as a large business” (TVQ. 206.1-9).

Note

Restrictions on ITRs will be gradually eliminated as of January 1, 2018.

Information concerning certain information entered on RL-1 slips filed for 2017.

Information concerning certain information entered on RL-1 slips filed for 2017.