Quebec: Disclosure of Nominee Agreements
On September 24, 2020, the Quebec government passed legislation to require the disclosure of nominee agreements (prete-noms contracts).
COVID-19 | Home Office Expenses: What You Should Know
As most employees in Quebec started working from home in mid-March, many of them have been working from home for six months, and there is a prospect of claiming home office expenses for the 2020 tax season.
How to Invest in a Canadian Property as a Non-Resident?
Are you a non-resident thinking of buying a Canadian property to either use it personally or to rent out and eventually sell at a profit? Know before you buy, rent or sell, to avoid surprises and maximize your investment.
Dealing With Tax Implications of Your Death
Although neither Canada nor Quebec impose an estate tax or succession duties, there are, unfortunately, income tax consequences upon death.
11 Situations When a Will Would be Handy
We have now reached the second decade of the twenty first century. In the last few years, we have seen many changes to the traditional family structure. Common law couples, same-sex couples, blended families and other options are much more common. Although Quebec law dictates how certain assets such as the family home must be […]
COVID-19 | Canada Emergency Wage Subsidy (CEWS)
On Saturday April 11, 2020 The House of Commons held a special assembly to obtain royal assent for Bill C-14, a second Act regarding certain measures in response to COVID-19 . Many of the details surrounding the Canada Emergency Wage Subsidy (CEWS) program were already known, but the following summary should give you more information […]
Our Top 5 Measures from the 2020-2021 Quebec Budget
A new 10% tax credit will be available to corporations in the greater Montreal area for investments in manufacturing and processing equipment, computer equipment and systems software, and qualified management software package. Eligible expenditures made after the budget date and prior to 2025 can qualify for the tax credit which is refundable for companies with […]
New Disclosure Requirements for Nominee Agreements and Deadline Extension
Revenu Quebec has issued new disclosure requirements for nominee agreements and has announced an extension to the filing deadline which was previously set for September 16th, 2019.
Our Top 4 Measures from the 2019-2020 Quebec Budget
Gradual elimination of the additional contribution for childcare over four years starting in 2019. Families with income below $78,320 will no longer pay the additional contribution and those over that threshold will pay a lower contribution not exceeding $13.20 a day. To encourage small and medium-sized businesses to retain workers aged 60 years and older, […]
Our Top 5 Measures from the 2019 Federal Budget
First-time home buyers can now access up to $35,000 ($70,000 for a couple) from their RRSP under the Home Buyers’ Plan to purchase or build a home. The previous limit was $25,000. The limit increase applies to RRSP withdrawals made after March 19, 2019. A new incentive for first-time home buyers was introduced and is […]
