Do you validate your suppliers’ tax numbers?
You should! Sales tax laws are often stricter than income tax laws. For example, for the same expense, for tax purposes, it may be sufficient to justify that the expense was incurred for business purposes for it to be deductible. However, for consumption tax purposes, there is a whole series of criteria that must be […]
Taxes – QST: zero-rating of motor vehicles acquired for resale or long-term lease (12 months or more)
Did you know? A person registered for QST does not have to pay QST when acquiring a motor vehicle intended for resale or lease for a continuous period of at least 1 year. THE ZERO-RATING RULE IN THE QST SYSTEM The Act Respecting the Québec Sales Tax (“AQST”) zero-rates (taxable at 0%) a supply by […]
Ministère des Finances makes adjustments to the QST system
The ministère des Finances is making adjustments to the QST regime to bring it into line with the e-commerce changes proposed in the April 19 federal budget. In addition, in order to simplify the QST registration process for persons who will be affected by the new e-commerce rules, it is proposed to reduce the amount […]
Is your work part of the on-demand economy? Here’s what you need to know
The on-demand economy depends on temporary and freelance work, or short-term contracts. If you communicate with your customers using online platforms or applications, such as Clickworker, Crowdsource or Fiverr, to provide them with your services, you’re usually considered self-employed rather than an employee. You can work anywhere, because online platforms enable you to stay in […]
Emergency Canadian Commercial Rental Assistance (ECCRA): ensure sales tax compliance
Canadian Emergency Commercial Rental Assistance (CECRA) What are the sales tax implications for landlords and tenants? COVID has meant a great deal of inconvenience for all taxpayers. Both levels of government have put in place a number of relief and assistance measures. We’d like to draw your attention to some special features of the Emergency […]
Tables of tax rates, expense reports (Quebec and all provinces)
EXPENSE REPORT TABLE – REIMBURSEMENTS OF EXPENSES TO AN EMPLOYEE (provinces) TAX RATE TABLE EXPENSE REPORTING TABLE – REIMBURSEMENTS OF EXPENSES TO EMPLOYEES (Effective January 1, 2021)
Use of a vehicle by an employee for personal purposes: Eligible or ineligible for tax refunds?
All Quebec cities and municipalities apply for GST and QST refunds on purchases they make as part of their municipal activities. However, it is a little known fact that certain expenses are not eligible for tax reimbursement, such as the acquisition or leasing of certain motor vehicles supplied to an employee. Revenu Québec has issued […]
More flexible criteria for calculating the value of taxable automobile benefits
Due to the particular context of the COVID-19 pandemic, the Quebec government is announcing relaxations to the criteria normally applied to calculate the value of taxable benefits attributed to an employee for the use of an automobile for the 2020 and 2021 taxation years. Indeed, due to the health crisis, some employees have had to […]
June 30 deadline – Revenu Québec invites businesses and self-employed workers to use its online services to file their tax returns
The June 30 deadline for filing tax returns without penalty or interest is fast approaching. Revenu Québec encourages businesses and self-employed workers to use its online services to avoid postal delays. Revenu Québec offers several ways to file your tax returns quickly, securely and efficiently over the Internet. No more paperwork, envelopes or stamps! With […]
Lodging tax relief measures
As part of the measures taken by the Quebec government in response to the COVID-19 pandemic, it was recently announced that further relief measures would be introduced for the lodging tax. Indeed, as of April 9, 2020, the Quebec government has issued an information bulletin in which it allows an extension of the deadline for […]