2012/11: Changes to the Quebec Sales Tax System
Changes were announced in September 2011 which would almost harmonize the Quebec Sales Tax (QST)
with the federal Goods and Services Tax/Harmonized Sales Tax (GST/HST) legislation.
These changes go into effect January 1, 2013.
2012/08: IRS Announces New Delinquent Filing Compliance Procedures
On June 26, 2012, the IRS announced new filing compliance procedures for those U.S. persons (U.S. citizens, Green Card holders and resident aliens) living in Canada who have been delinquent in filing their U.S. income tax returns or the Report of Foreign Bank and Financial Accounts (“FBAR”). These catch-up tax filing compliance procedures appear to be the IRS’s easy pass route to allow tax amnesty to innocent non-filers, who present a low compliance risk.
2012/05: Quebec companies honoured at 2012 Fuller Landau Family Business Awards
Fuller Landau LLP and Concordia University’s John Molson School of Business announce the winners of the Fuller Landau Family Business Awards. Now in its second year, the awards recognize Quebec-based family-owned businesses whose policies and business practices have a positive impact on the community and stimulate economic growth.
2012/02: Automobile Expenses / Federal Personal Tax Credits
The rates for automobile expenses, deduction limits and the prescribed rates for determining taxable
benefits on automobile operating expenses are as follows for 2012.
2012/01: Taxable Benefits in Brief
This issue of Tax Target will serve as a reminder of certain, often forgotten,
de tailsregarding the preparation of T4 and Relevé 1 forms.
2012/01: Tax Information For 2012
Here are the deductions at source rates for 2012 and 2011 for Employment Insurance, Quebec Parental Insurance Plan, Quebec Pension Plan, Quebec Health Services Fund, Quebec Health Contribution, and Commission des normes du travail. These rates will help the user plan more efficiently for the current taxation year and help to prepare T4 and Relevé 1 slips for 2011.
