News and Insights

Revenu Québec Releases Various Measures and Harmonizes with Certain Federal Tax Measures

Tax Development Dec 16, 2019

Revenu Québec recently issued Information Bulletin 2019-11, “Changes to Various Measures of a Fiscal Nature and Harmonization with Certain Federal Tax Measures” which:

  • Clarifies the mandatory registration for the tax on lodging for persons operating a digital accommodation platform;
  • Refines the mandatory disclosure mechanism for certain transactions to protect the integrity and fairness of the Québec tax system;
  • Announces adjustments to the notion of paid-up capital to reflect changes in accounting standards;
  • Reveals a change to the notion of “qualified labour expenditure” for the purposes of the refundable tax credits for the production of multimedia titles;
  • Publicizes changes to the dividend tax credit;
  • Announces a temporary amendment to the refundable tax credit to support print media companies;
  • Publicizes the extension of the refundable tax credit relating to the integration of information technologies as well as the credit for interest payable on financing obtained through La Financière Agricole du Québec’s seller-lender formula;
  • Outlines the Ministère des Finances’ position on certain measures contained in Budget Implementation Act, 2019, No. 1; and
  • Reports on the work in progress with regard to the Department of Finance Canada’s News Release 2019-066 relating to stock options.