Revenu Québec Infos

The maximum share of Fondaction's net assets that may be allocated to major investments for the purposes of its investment requirement to a particular fiscal year set at 10% of its net assets at the end of the preceding fiscal year must be calculated without taking into account major investments in social economy enterprises, within the meaning of the Social Economy Act.

This change applies to any fiscal year of Fondaction beginning after May 31, 2016.

For more information, see pages A.55 and A.56 of the Additional Information 2017-2018 (PDF – 2.71 MB) published by the Ministère des Finances.

As a rule, Revenu Québec must receive annual GST and QST returns and remittances no later than three months after the end of the reporting period.

The time limit changes, however, for individuals who are GST and QST registrants and

• who earn business income (other than property income) for income tax purposes;
• who have an annual reporting period; and
• whose fiscal year ends on December 31.

Individuals in the situation described above have until June 15 of the following year to file their returns.

Note, however, that they must make remittances of any GST and QST payable no later than April 30.

This year, individuals have until May 1, 2017, to make remittances of any GST and QST payable, since the usual deadline, April 30, falls on a Sunday.

As a rule, Revenu Québec must receive annual GST and QST returns and remittances no later than three months after the end of the reporting period.

The time limit changes, however, for individuals who are GST and QST registrants and

• who earn business income (other than property income) for income tax purposes;
• who have an annual reporting period; and
• whose fiscal year ends on December 31.

Individuals in the situation described above have until June 15 of the following year to file their returns.

Note, however, that they must make remittances of any GST and QST payable no later than April 30.

This year, individuals have until May 1, 2017, to make remittances of any GST and QST payable, since the usual deadline, April 30, falls on a Sunday.

As a rule, Revenu Québec must receive annual GST and QST returns and remittances no later than three months after the end of the reporting period.

The time limit changes, however, for individuals who are GST and QST registrants and

• who earn business income (other than property income) for income tax purposes;
• who have an annual reporting period; and
• whose fiscal year ends on December 31.

Individuals in the situation described above have until June 15 of the following year to file their returns.

Note, however, that they must make remittances of any GST and QST payable no later than April 30.

This year, individuals have until May 1, 2017, to make remittances of any GST and QST payable, since the usual deadline, April 30, falls on a Sunday.

As a rule, Revenu Québec must receive annual GST and QST returns and remittances no later than three months after the end of the reporting period.

The time limit changes, however, for individuals who are GST and QST registrants and

• who earn business income (other than property income) for income tax purposes;
• who have an annual reporting period; and
• whose fiscal year ends on December 31.

Individuals in the situation described above have until June 15 of the following year to file their returns.

Note, however, that they must make remittances of any GST and QST payable no later than April 30.

This year, individuals have until May 1, 2017, to make remittances of any GST and QST payable, since the usual deadline, April 30, falls on a Sunday.

As a rule, Revenu Québec must receive annual GST and QST returns and remittances no later than three months after the end of the reporting period.

The time limit changes, however, for individuals who are GST and QST registrants and

• who earn business income (other than property income) for income tax purposes;
• who have an annual reporting period; and
• whose fiscal year ends on December 31.

Individuals in the situation described above have until June 15 of the following year to file their returns.

Note, however, that they must make remittances of any GST and QST payable no later than April 30.

This year, individuals have until May 1, 2017, to make remittances of any GST and QST payable, since the usual deadline, April 30, falls on a Sunday.

As a rule, Revenu Québec must receive annual GST and QST returns and remittances no later than three months after the end of the reporting period.

The time limit changes, however, for individuals who are GST and QST registrants and

• who earn business income (other than property income) for income tax purposes;
• who have an annual reporting period; and
• whose fiscal year ends on December 31.

Individuals in the situation described above have until June 15 of the following year to file their returns.

Note, however, that they must make remittances of any GST and QST payable no later than April 30.

This year, individuals have until May 1, 2017, to make remittances of any GST and QST payable, since the usual deadline, April 30, falls on a Sunday.

In the Budget Speech delivered on March 28, 2017, Québec's Finance Minister announced that the health contribution would be eliminated retroactively for low- and middle-income taxpayers. As a result, individuals whose net income (line 275 of the income tax return) is $134,095 or less no longer have to pay the health contribution. Individuals whose net income is greater than $134,095 must pay a health contribution equal to 4% of the portion of their net income that exceeds that amount—the $175 minimum contribution has been eliminated, while the $1,000 maximum contribution remains unchanged.

Revenu Québec will correct the 2016 income tax returns of individuals affected by the change by adjusting the refund or balance due and, where necessary, will issue new notices of assessment.

If you have already filed your income tax return, you do not need to send us a new one.

In the Budget Speech delivered on March 28, 2017, Québec's Finance Minister announced that the health contribution would be eliminated retroactively for low- and middle-income taxpayers. As a result, individuals whose net income (line 275 of the income tax return) is $134,095 or less no longer have to pay the health contribution. Individuals whose net income is greater than $134,095 must pay a health contribution equal to 4% of the portion of their net income that exceeds that amount—the $175 minimum contribution has been eliminated, while the $1,000 maximum contribution remains unchanged.

Revenu Québec will correct the 2016 income tax returns of individuals affected by the change by adjusting the refund or balance due and, where necessary, will issue new notices of assessment.

If you have already filed your income tax return, you do not need to send us a new one.

In the Budget Speech delivered on March 28, 2017, Québec's Finance Minister announced that the health contribution would be eliminated retroactively for low- and middle-income taxpayers. As a result, individuals whose net income (line 275 of the income tax return) is $134,095 or less no longer have to pay the health contribution. Individuals whose net income is greater than $134,095 must pay a health contribution equal to 4% of the portion of their net income that exceeds that amount—the $175 minimum contribution has been eliminated, while the $1,000 maximum contribution remains unchanged.

Revenu Québec will correct the 2016 income tax returns of individuals affected by the change by adjusting the refund or balance due and, where necessary, will issue new notices of assessment.

If you have already filed your income tax return, you do not need to send us a new one.

In the Budget Speech delivered on March 28, 2017, Québec's Finance Minister announced that the health contribution would be eliminated retroactively for low- and middle-income taxpayers. As a result, individuals whose net income (line 275 of the income tax return) is $134,095 or less no longer have to pay the health contribution. Individuals whose net income is greater than $134,095 must pay a health contribution equal to 4% of the portion of their net income that exceeds that amount—the $175 minimum contribution has been eliminated, while the $1,000 maximum contribution remains unchanged.

Revenu Québec will correct the 2016 income tax returns of individuals affected by the change by adjusting the refund or balance due and, where necessary, will issue new notices of assessment.

If you have already filed your income tax return, you do not need to send us a new one.

In the Budget Speech delivered on March 28, 2017, Québec's Finance Minister announced that the health contribution would be eliminated retroactively for low- and middle-income taxpayers. As a result, individuals whose net income (line 275 of the income tax return) is $134,095 or less no longer have to pay the health contribution. Individuals whose net income is greater than $134,095 must pay a health contribution equal to 4% of the portion of their net income that exceeds that amount—the $175 minimum contribution has been eliminated, while the $1,000 maximum contribution remains unchanged.

Revenu Québec will correct the 2016 income tax returns of individuals affected by the change by adjusting the refund or balance due and, where necessary, will issue new notices of assessment.

If you have already filed your income tax return, you do not need to send us a new one.

In the Budget Speech delivered on March 28, 2017, Québec's Finance Minister announced that the RénoVert tax credit would be extended for one year. Individuals will thus have until March 31, 2018, to enter into an agreement with a recognized contractor and until December 31, 2018, to pay all the related expenses.

Renovation contracts entered into after March 31, 2017, but before April 1, 2018, may relate to all the eco-friendly renovation work currently recognized for the purposes of the RénoVert tax credit other than the construction, renovation, modification or rebuilding of a system for the discharge, collection and disposal of waste water, toilet effluents or grey water, since the new refundable tax credit for the upgrading of residential waste water treatment systems will apply to such work as of April 1, 2017.

For more information on the changes to the RénoVert tax credit or on the new tax credit for the upgrading of residential waste water treatment systems, see pages A.14 to A.22 of the Additional Information 2017-2018 (PDF – 2.71 MB), published by the Ministère des Finances.

In the Budget Speech delivered on March 28, 2017, Québec's Finance Minister announced that the RénoVert tax credit would be extended for one year. Individuals will thus have until March 31, 2018, to enter into an agreement with a recognized contractor and until December 31, 2018, to pay all the related expenses.

Renovation contracts entered into after March 31, 2017, but before April 1, 2018, may relate to all the eco-friendly renovation work currently recognized for the purposes of the RénoVert tax credit other than the construction, renovation, modification or rebuilding of a system for the discharge, collection and disposal of waste water, toilet effluents or grey water, since the new refundable tax credit for the upgrading of residential waste water treatment systems will apply to such work as of April 1, 2017.

For more information on the changes to the RénoVert tax credit or on the new tax credit for the upgrading of residential waste water treatment systems, see pages A.14 to A.22 of the Additional Information 2017-2018 (PDF – 2.71 MB), published by the Ministère des Finances.

In the Budget Speech delivered on March 28, 2017, Québec's Finance Minister announced that the RénoVert tax credit would be extended for one year. Individuals will thus have until March 31, 2018, to enter into an agreement with a recognized contractor and until December 31, 2018, to pay all the related expenses.

Renovation contracts entered into after March 31, 2017, but before April 1, 2018, may relate to all the eco-friendly renovation work currently recognized for the purposes of the RénoVert tax credit other than the construction, renovation, modification or rebuilding of a system for the discharge, collection and disposal of waste water, toilet effluents or grey water, since the new refundable tax credit for the upgrading of residential waste water treatment systems will apply to such work as of April 1, 2017.

For more information on the changes to the RénoVert tax credit or on the new tax credit for the upgrading of residential waste water treatment systems, see pages A.14 to A.22 of the Additional Information 2017-2018 (PDF – 2.71 MB), published by the Ministère des Finances.

In the Budget Speech delivered on March 28, 2017, Québec's Finance Minister announced that the RénoVert tax credit would be extended for one year. Individuals will thus have until March 31, 2018, to enter into an agreement with a recognized contractor and until December 31, 2018, to pay all the related expenses.

Renovation contracts entered into after March 31, 2017, but before April 1, 2018, may relate to all the eco-friendly renovation work currently recognized for the purposes of the RénoVert tax credit other than the construction, renovation, modification or rebuilding of a system for the discharge, collection and disposal of waste water, toilet effluents or grey water, since the new refundable tax credit for the upgrading of residential waste water treatment systems will apply to such work as of April 1, 2017.

For more information on the changes to the RénoVert tax credit or on the new tax credit for the upgrading of residential waste water treatment systems, see pages A.14 to A.22 of the Additional Information 2017-2018 (PDF – 2.71 MB), published by the Ministère des Finances.

In the Budget Speech delivered on March 28, 2017, Québec's Finance Minister announced that the RénoVert tax credit would be extended for one year. Individuals will thus have until March 31, 2018, to enter into an agreement with a recognized contractor and until December 31, 2018, to pay all the related expenses.

Renovation contracts entered into after March 31, 2017, but before April 1, 2018, may relate to all the eco-friendly renovation work currently recognized for the purposes of the RénoVert tax credit other than the construction, renovation, modification or rebuilding of a system for the discharge, collection and disposal of waste water, toilet effluents or grey water, since the new refundable tax credit for the upgrading of residential waste water treatment systems will apply to such work as of April 1, 2017.

For more information on the changes to the RénoVert tax credit or on the new tax credit for the upgrading of residential waste water treatment systems, see pages A.14 to A.22 of the Additional Information 2017-2018 (PDF – 2.71 MB), published by the Ministère des Finances.

Current and former employees can now claim in their income tax returns a security option deduction equal to 50% (rather than 25%) of the value of the taxable benefit for a security option in the year they acquired the securities, provided the following conditions are met:

• The benefit is deemed received for a security option that is a share in a publicly traded corporation.
• The stock option is granted to an employee under an agreement concluded after February 21, 2017.
• The stock option is granted to an employee of a corporation whose wages subject to contributions to the health services fund total $10 million or more for the calendar year in which the stock option agreement was concluded or in which the shares were acquired.
• The conditions for the deduction for stock options of a corporation that is not a Canadian Controlled Private Corporation are met.

Note that, for the purposes of source deductions of income tax only, the value of the benefit subject to a source deduction can be reduced by the amount of the security option deduction that the employee can claim in his or her income tax return.

For more information concerning the taxable benefit for security options and the deduction for security options, see the Security Options subsection.

Current and former employees can now claim in their income tax returns a security option deduction equal to 50% (rather than 25%) of the value of the taxable benefit for a security option in the year they acquired the securities, provided the following conditions are met:

• The benefit is deemed received for a security option that is a share in a publicly traded corporation.
• The stock option is granted to an employee under an agreement concluded after February 21, 2017.
• The stock option is granted to an employee of a corporation whose wages subject to contributions to the health services fund total $10 million or more for the calendar year in which the stock option agreement was concluded or in which the shares were acquired.
• The conditions for the deduction for stock options of a corporation that is not a Canadian Controlled Private Corporation are met.

Note that, for the purposes of source deductions of income tax only, the value of the benefit subject to a source deduction can be reduced by the amount of the security option deduction that the employee can claim in his or her income tax return.

For more information concerning the taxable benefit for security options and the deduction for security options, see the Security Options subsection.

Current and former employees can now claim in their income tax returns a security option deduction equal to 50% (rather than 25%) of the value of the taxable benefit for a security option in the year they acquired the securities, provided the following conditions are met:

• The benefit is deemed received for a security option that is a share in a publicly traded corporation.
• The stock option is granted to an employee under an agreement concluded after February 21, 2017.
• The stock option is granted to an employee of a corporation whose wages subject to contributions to the health services fund total $10 million or more for the calendar year in which the stock option agreement was concluded or in which the shares were acquired.
• The conditions for the deduction for stock options of a corporation that is not a Canadian Controlled Private Corporation are met.

Note that, for the purposes of source deductions of income tax only, the value of the benefit subject to a source deduction can be reduced by the amount of the security option deduction that the employee can claim in his or her income tax return.

For more information concerning the taxable benefit for security options and the deduction for security options, see the Security Options subsection.