Publications

Our experts are aware of major new fiscal policies adopted by our governments. For objective and informed opinions, see what they have to say here!

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The information contained on this site is intended to highlight and summarize current topics of interest. Such summaries are not exhaustive discussions of the topics covered. While every effort has been made to provide correct information, inadvertent errors can occur and applicable laws, rules and regulations can change. Additionally, the application of these laws, rules and regulations depend on specific circumstances. Therefore, the information on this site is not intended to serve as legal, accounting or tax advice.

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Our publications

Provincial Fall Economics and Financial Summary 2018 On December 3, 2018, the Québec Government released its Fall Economic Update to announce concrete actions for putting money back in the pockets of Québec families and seniors. The government is also taking steps to encourage acceleration of business investments.

Fall Economics and Financial Summary 2018 On November 21, 2018, the Federal Government released its Fall Economic Statement which intends to introduce a new temporary, non-refundable 15-per-cent tax credit for qualifying subscribers of eligible digital news media.

2018-2019 Quebec budget highlights The Minister of finances, Mr. Carlos J. Leitão presents a balanced budget for the fourth consecutive year. An economic plan that is also beginning to repay the debt.

Federal budget 2018. Finance Minister Bill Morneau today tabled Budget 2018 on February 27. This budget includes few personal income tax measures, precisions on passive investment income and no measures to facilitate transfer of family businesses.

Economic Statement October 24, 2017 The Federal Government released its Fall Economic Statement which reaffirmed the announcements in the various media releases from the previous week regarding their July 18th, 2017 proposed changes to the taxation of private corporations.

New Proposed Tax Rules July 2017 Here is the summary of the new tax rules affecting private companies and trusts announced by the Federal Minister of Finance on July 18, 2017.

2017-2018 Quebec budget summary  The Minister of Finance Carlos J. Leitão tabled on March 28, the Québec Economic Plan for 2017, a third consecutive balanced budget, confirming Québec’s good economic and financial health.

2017 Federal budget summary Finance Minister Bill Morneau tabled the Government’s second budget,  Building a Strong Middle Class,  which continues to invest in middle class Canadians.

2016 Federal Budget summary  The Minister of Finance, Bill Morneau, tabled on March 22, 2016, the new Government of Canada’s first federal budget, Growing the Middle Class, a plan that, according to the Government, takes important steps to revitalize the Canadian economy, and delivers real change for the middle class and those working hard to join it.

2016-2017 Québec budget summary Minister of Finance Carlos Leitão tabled a second consecutive balanced budget and an economic plan containing measures that, in the opinion of the minister, will enable Québec to rise to the challenges of tomorrow by addressing the structural issues that are slowing its economic growth.

GST HST Closely related corporation election Section 156 of the Excise Tax Act (“ETA”) election allows certain taxable supplies (i.e., management fees, sale/purchase of goods, etc.) among closely related corporations (defined below) deemed to be made for NIL consideration such that no GST is charged and collected.

Relevé31 Revenu Quebec A new Québec form, RL-31 “Information about a leased building”, comes into effect in 2015. The RL-31 essentially replaces the former RL-4 (“Real Estate Taxes”) that was issued to tenants.

2015-Federal Budget summary The Minister of Finance, Mr. Joe Oliver said: “Economic Action Plan 2015 is a balanced budget, low-tax plan for jobs and growth, one that works for all Canadians.”

2015-2016 Québec budget summary The Minister of Finance, Carlos Leitão, confirmed in his Budget Speech today that fiscal balance will be restored in 2015-2016.

Federal - Update of economic and fiscal projections - November 12 2014 Finance Minister Joe Oliver today released the annual Update of Economic and Fiscal Projections, which confirms that the Government remains on track for a balanced budget in 2015.

2014-2015 Québec budget summary (PDF)
Budget 2014-2015 confirms a return to fiscal balance in 2015-2016. It presents the policy directions necessary to restore fiscal balance and reduce the debt, as well as the actions that will be taken to promote job creation and economic growth in Québec.