Category: Taxation

September 26, 2017 —

As previously reported in our newsletter, on July 18th, 2017, federal Finance Minister Bill Morneau (“Morneau”) released for consultation a discussion paper and draft legislative proposals (the “Papers”) addressing tax planning arrangements using private corporations. It is the government’s view that these changes are necessary to close perceived tax loopholes and improve the fairness of […]

August 10, 2017 —

Over the past few years, Revenu Québec has developed a poor reputation amongst Quebec taxpayers and mandataries. Public trust of Revenu Québec has been damaged by several articles reporting on overzealous tax officers, as well as by persistent rumours that Revenu Québec had been imposing quotas on its auditors, creating incentives for them to find […]

August 01, 2017 —

On July 18, 2017, federal Finance Minister Bill Morneau released a consultation paper and draft legislative proposals (the “Papers”) to address certain tax planning arrangements using private corporations. It is the government’s view that these changes are necessary to close perceived tax loopholes and improve the fairness of the Canadian income tax system. It has […]

March 29, 2017 —

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. Click here to read the highlights of the 2017 budget

March 23, 2017 —

PSB Boisjoli offers highlights of the 2017 Federal Budget published on March 22nd, 2017 by CPA Canada. The Minister of Finance, Bill Morneau, tabled the Government’s second budget – Building a Strong Middle Class – which continues to invest in middle class Canadians. click here to read the highlights of the 2017 budget  

March 21, 2017 —

Filing your personal income tax returns can be particularly overwhelming if you’re filing for the first time. Here are a few tips on how to make the process a bit less stressful. Don’t worry. We’ll start with the basics. WHEN EXACTLY IS THE DEADLINE TO FILE INCOME TAX RETURNS? For the majority of taxpayers, the […]

January 26, 2017 —

Worried about how Donald Trump’s presidency might affect your business? Here are the questions we get asked the most from a tax perspective. Surprise! The news is more good than bad. SHOULD I WORRY ABOUT TRUMP’S PRESIDENCY AND THE REPUBLICAN MAJORITY IN THE HOUSE AND SENATE? Although based on conjecture, from an income tax perspective, […]

January 17, 2017 —

REVISIONS TO SMALL BUSINESS DEDUCTION In its budget of March 16, 2016, the Quebec government made significant changes to the small business deduction (“SBD”) rules for Canadian controlled private corporations (“CCPCs”), which will take effect for taxation years beginning on or after January 1, 2017. In its budget of March 16, 2016, the Quebec government […]