Federal Budget 2025 – Tax announcements
On November 4, 2025, the Minister of Finance presented the 2025 federal budget. Here is an overview of the tax measures that could have an impact on individuals and businesses. Measures for private customers The budget clarifies certain previously announced measures, including : Cancellation of capital gains inclusion rate increase: Budget 2025 cancels the increase […]
Enhanced GST/HST rebate for first-time home buyers
On May 27, 2025, the federal government announced a major improvement to the GST/HST rebate for first-time buyers of new or substantially renovated homes. This measure is designed to facilitate access to home ownership for first-time homebuyers, by eliminating or reducing the GST (or the federal portion of the HST) on the purchase or construction […]
Building conversion – plan ahead!
Did you know that conversion or change of use can generate significant GST/HST and QST costs? At a time when many municipalities are outlawing short-term rentals on their territory, many owners are deciding to change the vocation of their vacation properties, making them available to residential tenants or ceasing to rent them out altogether… Legal […]
New parental union plan
What you need to know about the main features of the new parental union plan On June 30, 2025, Quebec is introducing a new parental union plan that will automatically apply to common-law spouses who become parents of a child born or adopted on or after that date. This system aims to give greater legal […]
Expropriation – don’t forget the taxes!
Have you ever been expropriated by a municipality? Or, as a municipality, have you acquired a property by expropriation for public utility purposes? If so, you should be aware that compensation paid in this context raises important tax issues in terms of consumption taxes. These rules are complex, whether the compensation is the result of […]
Understanding the challenges of accounting in Quebec
Accounting is at the heart of a company’s financial management. It provides a clear picture of the company’s economic situation and ensures compliance with legal and tax obligations. However, a number of challenges need to be met to guarantee the reliability and transparency of accounting information. Good accounting management does more than simply record transactions; […]
Summary of the Quebec Budget 2025-2026
Quebec budget: “For a strong Quebec”. On March 25, 2025, Finance Minister Éric Girard tabled his budget plan for 2025-2026, aimed at strengthening the economy. Investments totaling $12.3 billion over the next five years were announced. The most important of these are aimed at stimulating wealth creation, supporting Quebecers, and increasing theinnovative capacityof businesses. The […]
Short-term leasing – Beware of compliance!
Since January1, 2024, a measure has been in place to disallow expenses incurred (including interest charges) to earn income from short-term rentals if these are deemed to be non-conforming. The aim of this measure is to encourage the long-term rental of residential properties in order to alleviate the current housing crisis. Statistically, as of March […]
Are you renting out your chalet, or looking to buy a vacation property? Beware of tax rules!
They’re known as cottages, vacation properties, country homes and second homes. Over-subscribed since the pandemic, the chalet (or accommodation unit) has become a rare commodity for anyone dreaming of spending a few days away from it all. Digital accommodation platforms such as Airbnb Vrbo” and “Booking.com” are coming to terms with this new reality, with […]
Planning for the end of fiscal 2024
The end of the year is a strategic time to optimize your tax situation, whether you’re a shareholder, an employer or an individual. In this article, we discuss practical tips and essential reminders for maximizing your tax savings, avoiding the pitfalls of taxable benefits and effectively planning your financial decisions. Shareholder remuneration: Rule of thumb […]