News and Insights

Quebec TVQ. 176-7

Tax Development Jan 23, 2008

“Supplies of pacemakers, implantable cardioverter defibrillators and artificial cardiac valves”

Quebec has recently issued this bulletin to clarify how the Act respecting the Québec sales tax (“AQST”) applies with respect to supplies of pacemakers, implantable cardioverter defibrillators and artificial cardiac valves. The Ministère considers the supply of these medical devices to be a supply of medical or surgical prostheses which qualifies for zero-rating under the AQST.

Please note this publication is not available on Revenue Quebec’s web site, but clients of Ryan may request a copy by calling the Ryan TaxDirect® line.

Quebec Information Bulletin 2008-1, “Limits governing the deductibility of automobile expenses and rates for benefits relating to the use of an automobile for 2008”

The province has recently issued this bulletin to inform taxpayers about the increase in certain automobile expense limits relating to the use of an automobile during 2008. The limit on tax deductible, per kilometre allowances paidto employees in 2008 increases by 2 cents to 52 cents per kilometre for the first 5,000 kilometres, and 46 cents per kilometre thereafter. The general prescribed rate relating to the personal portion of automobile operating costs for 2008 increases by 2 cents to 24 cents per kilometre. For taxpayers employed principally in the selling or leasing of automobiles, the prescribed rate will also increase by 2 cents to 21 cents per kilometre.