Revenu Québec Infos

In Québec, businesses that make retail leases or sales of new tires must collect a specific duty of $3 per tire at the time of the lease or sale. This also applies to businesses that sell or lease, for a minimum of 12 months, new or used road vehicles equipped with new tires.

Businesses required to collect the specific duty must register for the QST and collect this tax on their taxable supplies of new tires. They must do so whether or not they are registered for the GST and regardless of their total annual taxable supplies.

For more information click Specific Duty on New Tires.

In Québec, businesses that make retail leases or sales of new tires must collect a specific duty of $3 per tire at the time of the lease or sale. This also applies to businesses that sell or lease, for a minimum of 12 months, new or used road vehicles equipped with new tires.

Businesses required to collect the specific duty must register for the QST and collect this tax on their taxable supplies of new tires. They must do so whether or not they are registered for the GST and regardless of their total annual taxable supplies.

For more information click Specific Duty on New Tires.

In Québec, businesses that make retail leases or sales of new tires must collect a specific duty of $3 per tire at the time of the lease or sale. This also applies to businesses that sell or lease, for a minimum of 12 months, new or used road vehicles equipped with new tires.

Businesses required to collect the specific duty must register for the QST and collect this tax on their taxable supplies (This link will open a new window) of new tires. They must do so whether or not they are registered for the GST and regardless of their total annual taxable supplies.

For more information click Specific Duty on New Tires. 

The limits and rates related to the Québec Pension Plan (QPP) for 2016 are as follows:

• The maximum pensionable earnings have been increased from $53,600 to $54,900.
• The basic exemption is $3,500.
• The maximum contributory earnings have been increased from $50,100 to $51,400.
• The contribution rate has been increased from 5.25% to 5.325% for both employers and employees.
• The maximum employee contribution has been increased from $2,630.25 to $2,737.05.
• The maximum employer contribution has been increased from $2,630.25 to $2,737.05 per employee.
• The contribution rate for self-employed persons and persons responsible for a family-type resource or an intermediate resource has been increased from 10.50% to 10.65%.
• The maximum contribution for a self-employed person and a person responsible for a family-type resource or an intermediate resource has been increased from $5,260.50 to $5,474.10.

The limits and rates related to the Québec Pension Plan (QPP) for 2016 are as follows:

• The maximum pensionable earnings have been increased from $53,600 to $54,900.
• The basic exemption is $3,500.
• The maximum contributory earnings have been increased from $50,100 to $51,400.
• The contribution rate has been increased from 5.25% to 5.325% for both employers and employees.
• The maximum employee contribution has been increased from $2,630.25 to $2,737.05.
• The maximum employer contribution has been increased from $2,630.25 to $2,737.05 per employee.
• The contribution rate for self-employed persons and persons responsible for a family-type resource or an intermediate resource has been increased from 10.50% to 10.65%.
• The maximum contribution for a self-employed person and a person responsible for a family-type resource or an intermediate resource has been increased from $5,260.50 to $5,474.10.

The limits and rates related to the Québec Pension Plan (QPP) for 2016 are as follows:

• The maximum pensionable earnings have been increased from $53,600 to $54,900.
• The basic exemption is $3,500.
• The maximum contributory earnings have been increased from $50,100 to $51,400.
• The contribution rate has been increased from 5.25% to 5.325% for both employers and employees.
• The maximum employee contribution has been increased from $2,630.25 to $2,737.05.
• The maximum employer contribution has been increased from $2,630.25 to $2,737.05 per employee.
• The contribution rate for self-employed persons and persons responsible for a family-type resource or an intermediate resource has been increased from 10.50% to 10.65%.
• The maximum contribution for a self-employed person and a person responsible for a family-type resource or an intermediate resource has been increased from $5,260.50 to $5,474.10.

The limits and rates related to the Québec Pension Plan (QPP) for 2016 are as follows:

• The maximum pensionable earnings have been increased from $53,600 to $54,900.
• The basic exemption is $3,500.
• The maximum contributory earnings have been increased from $50,100 to $51,400.
• The contribution rate has been increased from 5.25% to 5.325% for both employers and employees.
• The maximum employee contribution has been increased from $2,630.25 to $2,737.05.
• The maximum employer contribution has been increased from $2,630.25 to $2,737.05 per employee.
• The contribution rate for self-employed persons and persons responsible for a family-type resource or an intermediate resource has been increased from 10.50% to 10.65%.
• The maximum contribution for a self-employed person and a person responsible for a family-type resource or an intermediate resource has been increased from $5,260.50 to $5,474.10.

Generally, the tax on insurance premiums (TIP) applies to premiums paid for insurance of persons provided under a group insurance plan or a private-sector uninsured social benefits plan. It does not usually apply to premiums for individual policies of insurance of persons.

Since the individual insurance contracts referred to in section 42.2 of the Act respecting prescription drug insurance (APDI) are comparable to group insurance contracts, the TIP system will be changed so that all the premiums payable under such contracts will receive equivalent tax treatment.

Therefore, premiums for individual policies of insurance of persons that are payable under any individual insurance contracts referred to in section 42.2 of the APDI will be subject to the TIP when they are paid on or after January 1, 2016.

Individual insurance contracts referred to in section 42.2 of the APDI

Section 42.2 of the APDI provides that where a private plan consists of an individual policy of insurance of persons, such a policy must include coverage at least equivalent to the basic prescription drug insurance plan coverage if the policy meets the following conditions:

• It is offered to persons eligible for the basic prescription drug insurance plan who are part of a group with private coverage in accordance with section 15.1 of the APDI.
• It includes coverage for accident, illness or disability. 
• It has one or more of the distinctive characteristics of group insurance.

Remittance of the TIP

If you are not required to remit such a premium to another person or if you are required to remit it to a person who is not a registrant for purposes of the TIP, you will be required to remit the tax collected in respect of the premium to us. In other cases, you will be required to remit the tax, at the same time as the premium, to the person to whom you are required to remit the premium.

If you are required to remit the tax to us and you are not a registrant for purposes of the TIP, you must register for the tax either:

• by using our Registering for Revenu Québec Files online service;
• by completing form LM-1-V, Application for Registration; or
• by contacting us.

Generally, the tax on insurance premiums (TIP) applies to premiums paid for insurance of persons provided under a group insurance plan or a private-sector uninsured social benefits plan. It does not usually apply to premiums for individual policies of insurance of persons.

Since the individual insurance contracts referred to in section 42.2 of the Act respecting prescription drug insurance (APDI) are comparable to group insurance contracts, the TIP system will be changed so that all the premiums payable under such contracts will receive equivalent tax treatment.

Therefore, premiums for individual policies of insurance of persons that are payable under any individual insurance contracts referred to in section 42.2 of the APDI will be subject to the TIP when they are paid on or after January 1, 2016.

Individual insurance contracts referred to in section 42.2 of the APDI

Section 42.2 of the APDI provides that where a private plan consists of an individual policy of insurance of persons, such a policy must include coverage at least equivalent to the basic prescription drug insurance plan coverage if the policy meets the following conditions:

• It is offered to persons eligible for the basic prescription drug insurance plan who are part of a group with private coverage in accordance with section 15.1 of the APDI.
• It includes coverage for accident, illness or disability. 
• It has one or more of the distinctive characteristics of group insurance.

Remittance of the TIP

If you are not required to remit such a premium to another person or if you are required to remit it to a person who is not a registrant for purposes of the TIP, you will be required to remit the tax collected in respect of the premium to us. In other cases, you will be required to remit the tax, at the same time as the premium, to the person to whom you are required to remit the premium.

If you are required to remit the tax to us and you are not a registrant for purposes of the TIP, you must register for the tax either:

• by using our Registering for Revenu Québec Files online service;
• by completing form LM-1-V, Application for Registration; or
• by contacting us.

Generally, the tax on insurance premiums (TIP) applies to premiums paid for insurance of persons provided under a group insurance plan or a private-sector uninsured social benefits plan. It does not usually apply to premiums for individual policies of insurance of persons.

Since the individual insurance contracts referred to in section 42.2 of the Act respecting prescription drug insurance (APDI) are comparable to group insurance contracts, the TIP system will be changed so that all the premiums payable under such contracts will receive equivalent tax treatment.

Therefore, premiums for individual policies of insurance of persons that are payable under any individual insurance contracts referred to in section 42.2 of the APDI will be subject to the TIP when they are paid on or after January 1, 2016.

Individual insurance contracts referred to in section 42.2 of the APDI

Section 42.2 of the APDI provides that where a private plan consists of an individual policy of insurance of persons, such a policy must include coverage at least equivalent to the basic prescription drug insurance plan coverage if the policy meets the following conditions:

• It is offered to persons eligible for the basic prescription drug insurance plan who are part of a group with private coverage in accordance with section 15.1 of the APDI.
• It includes coverage for accident, illness or disability. 
• It has one or more of the distinctive characteristics of group insurance.

Remittance of the TIP

If you are not required to remit such a premium to another person or if you are required to remit it to a person who is not a registrant for purposes of the TIP, you will be required to remit the tax collected in respect of the premium to us. In other cases, you will be required to remit the tax, at the same time as the premium, to the person to whom you are required to remit the premium.

If you are required to remit the tax to us and you are not a registrant for purposes of the TIP, you must register for the tax either:

• by using our Registering for Revenu Québec Files online service;
• by completing form LM-1-V, Application for Registration; or
• by contacting us.

Generally, the tax on insurance premiums (TIP) applies to premiums paid for insurance of persons provided under a group insurance plan or a private-sector uninsured social benefits plan. It does not usually apply to premiums for individual policies of insurance of persons.

Since the individual insurance contracts referred to in section 42.2 of the Act respecting prescription drug insurance (APDI) are comparable to group insurance contracts, the TIP system will be changed so that all the premiums payable under such contracts will receive equivalent tax treatment.

Therefore, premiums for individual policies of insurance of persons that are payable under any individual insurance contracts referred to in section 42.2 of the APDI will be subject to the TIP when they are paid on or after January 1, 2016.

Individual insurance contracts referred to in section 42.2 of the APDI

Section 42.2 of the APDI provides that where a private plan consists of an individual policy of insurance of persons, such a policy must include coverage at least equivalent to the basic prescription drug insurance plan coverage if the policy meets the following conditions:

• It is offered to persons eligible for the basic prescription drug insurance plan who are part of a group with private coverage in accordance with section 15.1 of the APDI.
• It includes coverage for accident, illness or disability. 
• It has one or more of the distinctive characteristics of group insurance.

Remittance of the TIP

If you are not required to remit such a premium to another person or if you are required to remit it to a person who is not a registrant for purposes of the TIP, you will be required to remit the tax collected in respect of the premium to us. In other cases, you will be required to remit the tax, at the same time as the premium, to the person to whom you are required to remit the premium.

If you are required to remit the tax to us and you are not a registrant for purposes of the TIP, you must register for the tax either:

• by using our Registering for Revenu Québec Files online service;
• by completing form LM-1-V, Application for Registration; or
• by contacting us.

Generally, the tax on insurance premiums (TIP) applies to premiums paid for insurance of persons provided under a group insurance plan or a private-sector uninsured social benefits plan. It does not usually apply to premiums for individual policies of insurance of persons.

Since the individual insurance contracts referred to in section 42.2 of the Act respecting prescription drug insurance (APDI) are comparable to group insurance contracts, the TIP system will be changed so that all the premiums payable under such contracts will receive equivalent tax treatment.

Therefore, premiums for individual policies of insurance of persons that are payable under any individual insurance contracts referred to in section 42.2 of the APDI will be subject to the TIP when they are paid on or after January 1, 2016.

Individual insurance contracts referred to in section 42.2 of the APDI

Section 42.2 of the APDI provides that where a private plan consists of an individual policy of insurance of persons, such a policy must include coverage at least equivalent to the basic prescription drug insurance plan coverage if the policy meets the following conditions:

• It is offered to persons eligible for the basic prescription drug insurance plan who are part of a group with private coverage in accordance with section 15.1 of the APDI.
• It includes coverage for accident, illness or disability. 
• It has one or more of the distinctive characteristics of group insurance.

Remittance of the TIP

If you are not required to remit such a premium to another person or if you are required to remit it to a person who is not a registrant for purposes of the TIP, you will be required to remit the tax collected in respect of the premium to us. In other cases, you will be required to remit the tax, at the same time as the premium, to the person to whom you are required to remit the premium.

If you are required to remit the tax to us and you are not a registrant for purposes of the TIP, you must register for the tax either:

• by using our Registering for Revenu Québec Files online service;
• by completing form LM-1-V, Application for Registration; or
• by contacting us.

Generally, the tax on insurance premiums (TIP) applies to premiums paid for insurance of persons provided under a group insurance plan or a private-sector uninsured social benefits plan. It does not usually apply to premiums for individual policies of insurance of persons. 

Since the individual insurance contracts referred to in section 42.2 of the Act respecting prescription drug insurance (APDI) are comparable to group insurance contracts, the TIP system will be changed so that all the premiums payable under such contracts will receive equivalent tax treatment.

Therefore, premiums for individual policies of insurance of persons that are payable under any individual insurance contracts referred to in section 42.2 of the APDI will be subject to the TIP when they are paid on or after January 1, 2016.

Individual insurance contracts referred to in section 42.2 of the APDI

Section 42.2 of the APDI provides that where a private plan consists of an individual policy of insurance of persons, such a policy must include coverage at least equivalent to the basic prescription drug insurance plan coverage if the policy meets the following conditions:

• It is offered to persons eligible for the basic prescription drug insurance plan who are part of a group with private coverage in accordance with section 15.1 of the APDI.
• It includes coverage for accident, illness or disability. 
• It has one or more of the distinctive characteristics of group insurance.

Remittance of the TIP

If you are not required to remit such a premium to another person or if you are required to remit it to a person who is not a registrant for purposes of the TIP, you will be required to remit the tax collected in respect of the premium to us. In other cases, you will be required to remit the tax, at the same time as the premium, to the person to whom you are required to remit the premium. 

If you are required to remit the tax to us and you are not a registrant for purposes of the TIP, you must register for the tax either:

• by using our Registering for Revenu Québec Files online service;
• by completing form LM-1-V, Application for Registration; or
• by contacting us.

For 2016, if you make disability assistance payments to a beneficiary of a registered disability savings plan (RDSP) who is resident in Canada, you must withhold income tax at a rate of 16% from the taxable portion of the payments that exceeds $14,175 for the year.

For 2016, if you make disability assistance payments to a beneficiary of a registered disability savings plan (RDSP) who is resident in Canada, you must withhold income tax at a rate of 16% from the taxable portion of the payments that exceeds $14,175 for the year.

For 2016, if you make disability assistance payments to a beneficiary of a registered disability savings plan (RDSP) who is resident in Canada, you must withhold income tax at a rate of 16% from the taxable portion of the payments that exceeds $14,175 for the year.

For 2016, if you make disability assistance payments to a beneficiary of a registered disability savings plan (RDSP) who is resident in Canada, you must withhold income tax at a rate of 16% from the taxable portion of the payments that exceeds $14,175 for the year.

On June 1, 2015, the rate of the tax credit for the acquisition of shares issued by Fondaction decreased from 25% to 20%. On June 1, 2016, the rate will further decrease to 15%.

If an employee authorizes you to withhold an amount on his or her remuneration for the purchase, after May 31, 2016, of class A or class B shares issued by Fondaction, you must adjust the calculation of that employee's source deductions of income tax for each pay period in which such a share is acquired.

If you use the Source Deduction Table for Québec Income Tax (TP-1015.TI-V) to determine the amount of income tax to withhold, you must subtract from the remuneration paid to the employee 75% (rather than 100%) of the amount deducted from the employee's remuneration for the purchase of class A or class B shares issued by Fondaction.

If you use the formulas in the guide entitled Formulas to Calculate Source Deductions and Contributions (TP-1015.F-V) to determine the amount of income tax to withhold, you must take into account the changes to the formulas. For more information, refer to the guide.

On June 1, 2015, the rate of the tax credit for the acquisition of shares issued by Fondaction decreased from 25% to 20%. On June 1, 2016, the rate will further decrease to 15%.

If an employee authorizes you to withhold an amount on his or her remuneration for the purchase, after May 31, 2016, of class A or class B shares issued by Fondaction, you must adjust the calculation of that employee's source deductions of income tax for each pay period in which such a share is acquired.

If you use the Source Deduction Table for Québec Income Tax (TP-1015.TI-V) to determine the amount of income tax to withhold, you must subtract from the remuneration paid to the employee 75% (rather than 100%) of the amount deducted from the employee's remuneration for the purchase of class A or class B shares issued by Fondaction.

If you use the formulas in the guide entitled Formulas to Calculate Source Deductions and Contributions (TP-1015.F-V) to determine the amount of income tax to withhold, you must take into account the changes to the formulas. For more information, refer to the guide.

On June 1, 2015, the rate of the tax credit for the acquisition of shares issued by Fondaction decreased from 25% to 20%. On June 1, 2016, the rate will further decrease to 15%.

If an employee authorizes you to withhold an amount on his or her remuneration for the purchase, after May 31, 2016, of class A or class B shares issued by Fondaction, you must adjust the calculation of that employee's source deductions of income tax for each pay period in which such a share is acquired.

If you use the Source Deduction Table for Québec Income Tax (TP-1015.TI-V) to determine the amount of income tax to withhold, you must subtract from the remuneration paid to the employee 75% (rather than 100%) of the amount deducted from the employee's remuneration for the purchase of class A or class B shares issued by Fondaction.

If you use the formulas in the guide entitled Formulas to Calculate Source Deductions and Contributions (TP-1015.F-V) to determine the amount of income tax to withhold, you must take into account the changes to the formulas. For more information, refer to the guide.