Quebec Finally Phasing Out the Input Tax Refund (“ITR”) Restrictions Applicable to Large Businesses

Commencing January 1, 2018, Large Businesses[1] in Quebec will be able to gradually claim ITRs on previously restricted expenses as listed below. Purchases or leases of road vehicles that must be registered pursuant to the Highway Safety Code in order to travel on public roads (vehicles weighing less than 3,000 kilograms); Fuel used to power…

Recap of the July 18, 2017 Proposals & the Modifications Announced This Week by Finance Minister

Here’s a recap of the July 18, 2017 proposals and the modifications announced this week (October 16, 2017) by Canada’s Finance Department: Federal Corporate Tax Rate on Small Business Deduction: July 18, 2017 No Mention Modifications – Week of October 16, 2017 The Federal corporate tax rate for the Small business deduction on Small is…