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Updated: 11 hours 35 min ago

Changes in the Dividend Tax Credit Rates

Fri, 04/27/2018 - 08:59

The eligible dividend tax credit rate, which applies to the dividend gross-up amount, has been reduced from 11.9% to:

  • 11.86% for a dividend received or deemed received after March 27, 2018, and before January 1, 2019;
  • 11.78% for a dividend received or deemed received in 2019; and
  • 11.7% for a dividend received or deemed received after December 31, 2019.

Similarly, the non-eligible dividend tax credit rate, which applies to the dividend gross-up amount, has been reduced from 7.05% to:

  • 6.28% for a dividend received or deemed received after March 27, 2018, and before January 1, 2019;
  • 5.55% for a dividend received or deemed received in 2019;
  • 4.77% for a dividend received or deemed received in 2020; and
  • 4.01% for a dividend received or deemed received after December 31, 2020.

For more information, see pages A.47 and A.48 of the Additional Information 2018‑2019 (PDF – 3.73 MB) published by the Ministère des Finances.

Changes to the Tax Credit for Experienced Workers

Thu, 04/26/2018 - 08:43

To further encourage experienced workers to remain in the labour market, the age of eligibility for the tax credit will be lowered, as of the 2018 taxation year, to 61 years of age. For workers who are 61 years old, the maximum amount of eligible work income on which the tax credit will be calculated is $3,000.

Moreover, tax legislation will be amended so that the maximum amount of eligible work income on which the tax credit will be calculated for experienced workers aged 62 and over will be increased by $1,000 as of the 2018 taxation year. 

The table below shows how the tax credit for experienced workers will be adjusted as of the 2018 taxation year.

Maximum eligible work income based on age, for income over the first $5,000 (as of 2018) Age of experienced worker Maximum eligible work income 65 and over $11,000 64 $9,000 63 $7,000 62 $5,000 61 $3,000

For more information, see pages A.22 to A.27 of the Additional Information 2018-2019 (PDF – 3.73 MB) published by the Ministère des Finances.

Changes to the Tax Credit for Experienced Workers

Thu, 04/26/2018 - 08:43

To further encourage experienced workers to remain in the labour market, the age of eligibility for the tax credit will be lowered, as of the 2018 taxation year, to 61 years of age. For workers who are 61 years old, the maximum amount of eligible work income on which the tax credit will be calculated is $3,000.

Moreover, tax legislation will be amended so that the maximum amount of eligible work income on which the tax credit will be calculated for experienced workers aged 62 and over will be increased by $1,000 as of the 2018 taxation year. 

The table below shows how the tax credit for experienced workers will be adjusted as of the 2018 taxation year.

Maximum eligible work income based on age, for income over the first $5,000 (as of 2018) Age of experienced worker Maximum eligible work income 65 and over $11,000 64 $9,000 63 $7,000 62 $5,000 61 $3,000

For more information, see pages A.22 to A.27 of the Additional Information 2018-2019 (PDF – 3.73 MB) published by the Ministère des Finances.

Greater Access to the Tax Shield

Wed, 04/25/2018 - 11:34

The purpose of the tax shield is to offset a decrease in the following refundable work-incentive tax credits brought about by an increase in work income:

  • the work premium;
  • the adapted work premium (for individuals whose capacity for employment is severely limited); and
  • the tax credit for childcare expenses.

As of the 2018 taxation year, the maximum increase in eligible work income relative to the previous year will be raised from $3,000 to $4,000 for each member of a household.

For more information, see page A.22 of the Additional Information 2018-2019 (PDF – 3.73 MB) published by the Ministère des Finances.

Greater Access to the Tax Shield

Wed, 04/25/2018 - 11:34

The purpose of the tax shield is to offset a decrease in the following refundable work-incentive tax credits brought about by an increase in work income:

  • the work premium;
  • the adapted work premium (for individuals whose capacity for employment is severely limited); and
  • the tax credit for childcare expenses.

As of the 2018 taxation year, the maximum increase in eligible work income relative to the previous year will be raised from $3,000 to $4,000 for each member of a household.

For more information, see page A.22 of the Additional Information 2018-2019 (PDF – 3.73 MB) published by the Ministère des Finances.

Changes to the Amount for a Person Living Alone to Encourage Intergenerational Cohabitation

Tue, 04/24/2018 - 08:43

Current tax legislation will be amended to recognize the support that seniors provide to their adult grandchildren or great-grandchildren during their studies. For any taxation year after 2017, individuals can claim the amount for persons living alone if, throughout the year (or part of the year before their death), they ordinarily lived in a self-contained domestic establishment they maintained themselves either alone or with a person under 18 or an eligible student of whom they were the father, mother, grandfather or grandmother, or great-grandfather or great-grandmother.

Note that the eligibility requirements for the additional amount for a person living alone (single-parent family) will remain unchanged—only the mother or father of an eligible student can claim the additional amount.

For more information, see pages A.38 to A.40 of the Additional Information 2018-2019 (PDF – 3.73 MB) published by the Ministère des Finances.

Changes to the Amount for a Person Living Alone to Encourage Intergenerational Cohabitation

Tue, 04/24/2018 - 08:43

Current tax legislation will be amended to recognize the support that seniors provide to their adult grandchildren or great-grandchildren during their studies. For any taxation year after 2017, individuals can claim the amount for persons living alone if, throughout the year (or part of the year before their death), they ordinarily lived in a self-contained domestic establishment they maintained themselves either alone or with a person under 18 or an eligible student of whom they were the father, mother, grandfather or grandmother, or great-grandfather or great-grandmother.

Note that the eligibility requirements for the additional amount for a person living alone (single-parent family) will remain unchanged—only the mother or father of an eligible student can claim the additional amount.

For more information, see pages A.38 to A.40 of the Additional Information 2018-2019 (PDF – 3.73 MB) published by the Ministère des Finances.

Changes to the Amount for a Person Living Alone to Encourage Intergenerational Cohabitation

Tue, 04/24/2018 - 08:43

Current tax legislation will be amended to recognize the support that seniors provide to their adult grandchildren or great-grandchildren during their studies. For any taxation year after 2017, individuals can claim the amount for persons living alone if, throughout the year (or part of the year before their death), they ordinarily lived in a self-contained domestic establishment they maintained themselves either alone or with a person under 18 or an eligible student of whom they were the father, mother, grandfather or grandmother, or great-grandfather or great-grandmother.

Note that the eligibility requirements for the additional amount for a person living alone (single-parent family) will remain unchanged—only the mother or father of an eligible student can claim the additional amount.

For more information, see pages A.38 to A.40 of the Additional Information 2018-2019 (PDF – 3.73 MB) published by the Ministère des Finances.

Changes to the Amount for a Person Living Alone to Encourage Intergenerational Cohabitation

Tue, 04/24/2018 - 08:43

Current tax legislation will be amended to recognize the support that seniors provide to their adult grandchildren or great-grandchildren during their studies. For any taxation year after 2017, individuals can claim the amount for persons living alone if, throughout the year (or part of the year before their death), they ordinarily lived in a self-contained domestic establishment they maintained themselves either alone or with a person under 18 or an eligible student of whom they were the father, mother, grandfather or grandmother, or great-grandfather or great-grandmother.

Note that the eligibility requirements for the additional amount for a person living alone (single-parent family) will remain unchanged—only the mother or father of an eligible student can claim the additional amount.

For more information, see pages A.38 to A.40 of the Additional Information 2018-2019 (PDF – 3.73 MB) published by the Ministère des Finances.

Tax Credit for Large Cultural Donations Extended

Fri, 04/13/2018 - 09:32

The non-refundable tax credit for large cultural donations was created in 2013. It corresponds to 25% of a large cultural donation made by an individual (other than a trust) for the year. Though it can be claimed in addition to the tax credit for charitable donations and other gifts, it can only be claimed for one donation.

Given the increase in the number of large cultural donations since the tax credit was introduced, it will be extended five years. The tax legislation will therefore be amended to allow individuals to claim the non-refundable tax credit for a large cultural donation made before January 1, 2023.

For more information, see pages A.42 and A.43 of the Additional Information 2018-2019 (PDF – 3.73 MB) published by the Ministère des Finances.

Tax Credit for Large Cultural Donations Extended

Fri, 04/13/2018 - 09:32

The non-refundable tax credit for large cultural donations was created in 2013. It corresponds to 25% of a large cultural donation made by an individual (other than a trust) for the year. Though it can be claimed in addition to the tax credit for charitable donations and other gifts, it can only be claimed for one donation.

Given the increase in the number of large cultural donations since the tax credit was introduced, it will be extended five years. The tax legislation will therefore be amended to allow individuals to claim the non-refundable tax credit for a large cultural donation made before January 1, 2023.

For more information, see pages A.42 and A.43 of the Additional Information 2018-2019 (PDF – 3.73 MB) published by the Ministère des Finances.

Tax Credit for Large Cultural Donations Extended

Fri, 04/13/2018 - 09:32

The non-refundable tax credit for large cultural donations was created in 2013. It corresponds to 25% of a large cultural donation made by an individual (other than a trust) for the year. Though it can be claimed in addition to the tax credit for charitable donations and other gifts, it can only be claimed for one donation.

Given the increase in the number of large cultural donations since the tax credit was introduced, it will be extended five years. The tax legislation will therefore be amended to allow individuals to claim the non-refundable tax credit for a large cultural donation made before January 1, 2023.

For more information, see pages A.42 and A.43 of the Additional Information 2018-2019 (PDF – 3.73 MB) published by the Ministère des Finances.

Tax Credit for Large Cultural Donations Extended

Fri, 04/13/2018 - 09:32

The non-refundable tax credit for large cultural donations was created in 2013. It corresponds to 25% of a large cultural donation made by an individual (other than a trust) for the year. Though it can be claimed in addition to the tax credit for charitable donations and other gifts, it can only be claimed for one donation.

Given the increase in the number of large cultural donations since the tax credit was introduced, it will be extended five years. The tax legislation will therefore be amended to allow individuals to claim the non-refundable tax credit for a large cultural donation made before January 1, 2023.

For more information, see pages A.42 and A.43 of the Additional Information 2018-2019 (PDF – 3.73 MB) published by the Ministère des Finances.

GST and QST Remittances: Sole Proprietorships

Thu, 03/29/2018 - 11:05

As a rule, Revenu Québec must receive annual GST and QST returns and remittances no later than three months after the end of the reporting period.

The time limit changes, however, for individuals who are GST and QST registrants and

  • who earn business income (other than property income) for income tax purposes;
  • who have an annual reporting period; and 
  • whose fiscal year ends on December 31.

Individuals in the situation described above have until June 15 of the following year to file their returns.

Note, however, that they must make remittances of any GST and QST payable no later than April 30.

GST and QST Remittances: Sole Proprietorships

Thu, 03/29/2018 - 11:05

As a rule, Revenu Québec must receive annual GST and QST returns and remittances no later than three months after the end of the reporting period.

The time limit changes, however, for individuals who are GST and QST registrants and

  • who earn business income (other than property income) for income tax purposes;
  • who have an annual reporting period; and 
  • whose fiscal year ends on December 31.

Individuals in the situation described above have until June 15 of the following year to file their returns.

Note, however, that they must make remittances of any GST and QST payable no later than April 30.

GST and QST Remittances: Sole Proprietorships

Thu, 03/29/2018 - 11:05

As a rule, Revenu Québec must receive annual GST and QST returns and remittances no later than three months after the end of the reporting period.

The time limit changes, however, for individuals who are GST and QST registrants and

  • who earn business income (other than property income) for income tax purposes;
  • who have an annual reporting period; and 
  • whose fiscal year ends on December 31.

Individuals in the situation described above have until June 15 of the following year to file their returns.

Note, however, that they must make remittances of any GST and QST payable no later than April 30.

RénoVert Tax Credit Extended

Wed, 03/28/2018 - 11:04

The RénoVert tax credit has been extended for one year. This means you now have until March 31, 2019, to sign a renovation contract with a qualified contractor.

Renovation contracts entered into after March 31, 2018, but before April 1, 2019, may relate to any of the eco-friendly renovation work currently recognized for the purposes of the RénoVert tax credit—except for the construction, renovation, modification or rebuilding of a system for the discharge, collection and disposal of waste water, toilet effluents or grey water, since a refundable tax credit for the upgrading of residential waste water treatment systems was created for such work on April 1, 2017.

For more information, see pages A.19 to A.21 of the Additional Information 2018-2019 (PDF – 3.73 MB) published by the Ministère des Finances.

RénoVert Tax Credit Extended

Wed, 03/28/2018 - 11:04

The RénoVert tax credit has been extended for one year. This means you now have until March 31, 2019, to sign a renovation contract with a qualified contractor.

Renovation contracts entered into after March 31, 2018, but before April 1, 2019, may relate to any of the eco-friendly renovation work currently recognized for the purposes of the RénoVert tax credit—except for the construction, renovation, modification or rebuilding of a system for the discharge, collection and disposal of waste water, toilet effluents or grey water, since a refundable tax credit for the upgrading of residential waste water treatment systems was created for such work on April 1, 2017.

For more information, see pages A.19 to A.21 of the Additional Information 2018-2019 (PDF – 3.73 MB) published by the Ministère des Finances.

RénoVert Tax Credit Extended

Wed, 03/28/2018 - 11:04

The RénoVert tax credit has been extended for one year. This means you now have until March 31, 2019, to sign a renovation contract with a qualified contractor.

Renovation contracts entered into after March 31, 2018, but before April 1, 2019, may relate to any of the eco-friendly renovation work currently recognized for the purposes of the RénoVert tax credit—except for the construction, renovation, modification or rebuilding of a system for the discharge, collection and disposal of waste water, toilet effluents or grey water, since a refundable tax credit for the upgrading of residential waste water treatment systems was created for such work on April 1, 2017.

For more information, see pages A.19 to A.21 of the Additional Information 2018-2019 (PDF – 3.73 MB) published by the Ministère des Finances.

Ensuring Tax Fairness in the Digital Economy

Tue, 03/27/2018 - 17:28
Mandatory QST registration for suppliers outside Québec

As part of the 2018-2019 Budget Speech delivered on March 27, 2018, the Minister of Finance announced the implementation of a new QST registration system to collect QST from suppliers that are non-residents of Québec and thereby ensure tax fairness.

Foreign suppliers (suppliers outside Canada) will have until January 1, 2019, to register for the QST using this new system, while Canadian suppliers (suppliers outside Québec) will have until September 1, 2019. Note that registration will also be mandatory for certain digital platforms acting as an intermediary between suppliers and consumers.

Foreign suppliers: mandatory registration before January 1, 2019

This deadline applies to foreign suppliers:

  • with no physical or significant presence in Québec;
  • that are not already registered for the QST;
  • that make over $30,000 in taxable sales to consumers in Québec; and
  • that supply services and incorporeal moveable property in Québec.
Canadian suppliers: mandatory registration before September 1, 2019

This deadline applies to Canadian suppliers:

  • with no physical or significant presence in Québec;
  • that are not already registered for the QST;
  • that make over $30,000 in taxable sales to consumers in Québec;
  • that supply services and incorporeal moveable property in Québec; and
  • that supply corporeal movable property in Québec.
Application of the new measure

Suppliers that have questions concerning their registration can contact us. They must register and start collecting and remitting the applicable QST on their taxable sales made to Québec residents that are not QST registrants by the above deadlines.

This measure is an important step towards ensuring tax fairness between non-resident suppliers of Québec and local businesses, which are required to collect and remit the QST.

Details of the new registration system will be available on our website soon.  In the meantime, see pages A.5 to A.14 of the Additional Information 2018-2019 (PDF – 3,73 MB) published by the Ministère des Finances.

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