Important reminder: declaring Ultimate Beneficiaries
The new rules on corporate transparency require most entities registered with the Quebec Enterprise Register (REQ) to produce a declaration of Ultimate Beneficiaries (UB) to identify the individuals who exercise real control over them. An equivalent obligation also exists for companies under federal jurisdiction, in the form of a Significant Control Person (SCP) declaration. As […]
Taxes – Communications with tax authorities and document retention
As tax returns are being prepared, many taxpayers are discovering, sometimes too late, issues that could have been avoided by simple preventive measures. Whether it’s missed communications with the tax authorities or documents that can’t be found at the right time, these situations can lead to delays, penalties and even unfavourable assessments. In this context, […]
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 […]
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 […]
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 […]
How to prepare your year-end dossier
We are aware that the year-end process brings you additional tasks so that your professionals can carry out their mandate properly [1], in connection with your financial statements and the preparation of tax returns. Here are a few tips and tricks to help you avoid work overload during this period and limit the questions our […]