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 […]
Highlights of the 2021-2022 budget
For 2021-2022 Budget Highlights.
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 […]
A tool to calculate the deduction for telecommuting expenses during the pandemic
The Quebec government announced on December 16, 2020 that the Ministère des Finances would be putting an interactive calculation tool online to help citizens choose the most appropriate method for claiming the deduction for telecommuting expenses incurred during the COVID-19 pandemic. This tool is now available, and will enable citizens to determine which calculation method […]
Revenu Québec maintains all essential public services
Revenu Québec assures that it will maintain all essential services to the population during the new lockdown period. The organization’s priority will be to ensure the smooth operation of social tax programs and tax credit payments, so that no citizen or business is deprived of the sums to which they may be entitled. Revenu Québec […]
UPDATE: Canada Emergency Wage Subsidy (CESS)
REMINDER Possibility of applying in 4-week periods since the first period began on March 15, 2020; Based on sales decline calculated on a monthly basis for the full months of 2020. The required decline is : Month of March: 15% (qualifies for a subsidy of 75% of remuneration) Months of April, May and June: 30% […]
Canada Revenue Agency increases fixed amount for meal claims and reasonable amount for meal allowances and grants
The Canada Revenue Agency will increase from $17 to $23 the amount employers can use to determine whether an overtime meal allowance or meals provided during overtime, as well as the “meal” portion of a travel allowance, are taxable. The Agency has also increased from $17 to $23 per meal the amount that transportation employees […]
#JechoisisPME
New data from the Canadian Federation of Independent Business (CFIB) shows that payment methods in SMEs have shifted from cash to contactless electronic payment options, including debit cards, credit cards and Interac e-Transfers. According to these latest results, one in three SME owners say they are increasing their use of credit cards and Interac e-Transfers […]
Gradual economic recovery in Quebec: 247,500 jobs created in June
The latest employment statistics for Quebec are encouraging, and point to the beginning of a recovery from the crisis. In June, 247,500 jobs were created. This is the second consecutive monthly increase, bringing to 478,400 the number of new jobs since the gradual reopening of certain sectors of the economy in May. Quebec has thus […]
Investissement Québec steps up its regional presence
Investissement Québec (IQ) announced today that it has completed the merger of the regional offices of the Ministère de l’Économie et de l’Innovation with those of IQ, as well as the integration of the Centre de recherche industrielle du Québec (CRIQ) and Export Québec teams into the corporation. The pooling of these strengths has led […]