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 […]
NOC 20: What SMEs need to know about cloud computing costs
REMINDER: Since January 1, 2024, a new accounting rule has been in force: the Accounting Guideline (AcG 20). It changes the way closely-held companies have to account for their cloud services, better known as cloud solutions. Clearly, if your SME uses software or platforms hosted online, you now have to choose how to present these […]
Federal Budget 2025 – Tax announcements
The 2025 federal budget includes several major tax changes; this article focuses exclusively on the tax measures announced. Important announcements include the abolition of the tax on underutilized dwellings and the luxury tax on aircraft and ships, the introduction of a reverse remittance mechanism to counter carousel fraud, and clarification of the application of GST/HST […]
Federal Budget 2025 – Tax announcements
The 2025 federal budget includes several major tax changes; this article focuses exclusively on the tax measures announced. Important announcements include the abolition of the tax on underutilized dwellings and the luxury tax on aircraft and ships, the introduction of a reverse remittance mechanism to counter carousel fraud, and clarification of the application of GST/HST […]
Insurance – Protecting your business
Whether it’s cyber-attacks, lawsuits, fires or even theft, no one is immune. These are all unpredictable events. So how do you protect yourself against them? One simple answer is to take out an insurance policy. Although it is possible to put in place controls within your organization to reduce these risks (e.g., digital risk controls […]
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 […]
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 […]