Revenu Québec Infos

Several changes will be made to the tax credit for workers 65 or older as of the 2016 taxation year.

The changes will:

• lower the age of eligibility for the tax credit from 65 to 63 over a period of two years
• gradually increase the maximum amount of eligible work income on which the tax credit is calculated until it reaches $10,000 for all workers 65 or older, and
• make the tax credit reducible based on work income

For more information, see pages A.6 to A.12 of the document entitled Additional Information 2015-2016 (PDF – 1.96 MB), published by the Ministère des Finances.

Several changes will be made to the tax credit for workers 65 or older as of the 2016 taxation year.

The changes will:

• lower the age of eligibility for the tax credit from 65 to 63 over a period of two years
• gradually increase the maximum amount of eligible work income on which the tax credit is calculated until it reaches $10,000 for all workers 65 or older, and
• make the tax credit reducible based on work income

For more information, see pages A.6 to A.12 of the document entitled Additional Information 2015-2016 (PDF – 1.96 MB), published by the Ministère des Finances.

Several changes will be made to the tax credit for workers 65 or older as of the 2016 taxation year.

The changes will:

• lower the age of eligibility for the tax credit from 65 to 63 over a period of two years
• gradually increase the maximum amount of eligible work income on which the tax credit is calculated until it reaches $10,000 for all workers 65 or older, and
• make the tax credit reducible based on work income

For more information, see pages A.6 to A.12 of the document entitled Additional Information 2015-2016 (PDF – 1.96 MB), published by the Ministère des Finances.

Eligible sector of activity added for the urban agglomeration of Îles-de-la-Madeleine

The Act respecting the sectoral parameters of certain fiscal measures will be amended so that activities in the recreation and tourism sector carried on by a corporation in the territory of the urban agglomeration of Îles-de-la-Madeleine may be recognized by Investissement Québec for the purposes of the refundable tax credit for Gaspésie and certain maritime regions of Québec.

This amendment will apply as of the 2015 calendar year.

Extension of the eligibility period under the tax credit and other changes

The eligibility period under the tax credit will be extended through December 31, 2020.

In addition, tax legislation will be amended to standardize the terms for calculating the amount of the refundable tax credit applicable to the various sectors of activity.

Tax legislation will also be amended so that, when determining the amount of the tax credit of a qualified corporation for a taxation year in which a calendar year ends, the aggregate of the amounts, each of which represents the salary or wages paid to an employee of the corporation for a pay period ended in the calendar year, may not exceed $83,333, calculated annually.

These amendments will apply as of the 2016 calendar year.

Reduction of the tax credit rates

Tax legislation will be amended to reduce, from 16% to 15%, the rate used to determine the amount of the refundable tax credit with respect to recognized activities in the wind-power sector, manufacturing sector, peat or slate processing sector and marine products processing sector.

Similarly, tax legislation will be amended to reduce, from 32% to 30%, the rate used to determine the amount of the tax credit with respect to recognized activities in the marine biotechnology sector, mariculture sector and recreation and tourism sector.

These amendments will apply as of the 2016 calendar year.

Other measures

A corporation that qualifies for the tax holiday for large investment projects will not be able to benefit, in respect of the salary or wages paid to an employee for a pay period, from the tax assistance relative to the holiday from employer contributions to the health services fund and the refundable tax credit for the creation of jobs in Gaspésie and certain maritime regions of Québec.

This change will apply as of the 2016 calendar year.

For more information, see pages A.58 to A.61 of the document entitled Additional Information 2015-2016 (PDF – 1.96 MB), published by the Ministère des Finances.

Eligible sector of activity added for the urban agglomeration of Îles-de-la-Madeleine

The Act respecting the sectoral parameters of certain fiscal measures will be amended so that activities in the recreation and tourism sector carried on by a corporation in the territory of the urban agglomeration of Îles-de-la-Madeleine may be recognized by Investissement Québec for the purposes of the refundable tax credit for Gaspésie and certain maritime regions of Québec.

This amendment will apply as of the 2015 calendar year.

Extension of the eligibility period under the tax credit and other changes

The eligibility period under the tax credit will be extended through December 31, 2020.

In addition, tax legislation will be amended to standardize the terms for calculating the amount of the refundable tax credit applicable to the various sectors of activity.

Tax legislation will also be amended so that, when determining the amount of the tax credit of a qualified corporation for a taxation year in which a calendar year ends, the aggregate of the amounts, each of which represents the salary or wages paid to an employee of the corporation for a pay period ended in the calendar year, may not exceed $83,333, calculated annually.

These amendments will apply as of the 2016 calendar year.

Reduction of the tax credit rates

Tax legislation will be amended to reduce, from 16% to 15%, the rate used to determine the amount of the refundable tax credit with respect to recognized activities in the wind-power sector, manufacturing sector, peat or slate processing sector and marine products processing sector.

Similarly, tax legislation will be amended to reduce, from 32% to 30%, the rate used to determine the amount of the tax credit with respect to recognized activities in the marine biotechnology sector, mariculture sector and recreation and tourism sector.

These amendments will apply as of the 2016 calendar year.

Other measures

A corporation that qualifies for the tax holiday for large investment projects will not be able to benefit, in respect of the salary or wages paid to an employee for a pay period, from the tax assistance relative to the holiday from employer contributions to the health services fund and the refundable tax credit for the creation of jobs in Gaspésie and certain maritime regions of Québec.

This change will apply as of the 2016 calendar year.

For more information, see pages A.58 to A.61 of the document entitled Additional Information 2015-2016 (PDF – 1.96 MB), published by the Ministère des Finances.

Eligible sector of activity added for the urban agglomeration of Îles-de-la-Madeleine

The Act respecting the sectoral parameters of certain fiscal measures will be amended so that activities in the recreation and tourism sector carried on by a corporation in the territory of the urban agglomeration of Îles-de-la-Madeleine may be recognized by Investissement Québec for the purposes of the refundable tax credit for Gaspésie and certain maritime regions of Québec.

This amendment will apply as of the 2015 calendar year.

Extension of the eligibility period under the tax credit and other changes

The eligibility period under the tax credit will be extended through December 31, 2020.

In addition, tax legislation will be amended to standardize the terms for calculating the amount of the refundable tax credit applicable to the various sectors of activity.

Tax legislation will also be amended so that, when determining the amount of the tax credit of a qualified corporation for a taxation year in which a calendar year ends, the aggregate of the amounts, each of which represents the salary or wages paid to an employee of the corporation for a pay period ended in the calendar year, may not exceed $83,333, calculated annually.

These amendments will apply as of the 2016 calendar year.

Reduction of the tax credit rates

Tax legislation will be amended to reduce, from 16% to 15%, the rate used to determine the amount of the refundable tax credit with respect to recognized activities in the wind-power sector, manufacturing sector, peat or slate processing sector and marine products processing sector.

Similarly, tax legislation will be amended to reduce, from 32% to 30%, the rate used to determine the amount of the tax credit with respect to recognized activities in the marine biotechnology sector, mariculture sector and recreation and tourism sector.

These amendments will apply as of the 2016 calendar year.

Other measures

A corporation that qualifies for the tax holiday for large investment projects will not be able to benefit, in respect of the salary or wages paid to an employee for a pay period, from the tax assistance relative to the holiday from employer contributions to the health services fund and the refundable tax credit for the creation of jobs in Gaspésie and certain maritime regions of Québec.

This change will apply as of the 2016 calendar year.

For more information, see pages A.58 to A.61 of the document entitled Additional Information 2015-2016 (PDF – 1.96 MB), published by the Ministère des Finances.

Since June 4, 2014, Investissement Québec has not been able to accept applications for a certificate in connection with an information technology (IT) integration contract for purposes of the above-mentioned tax credit (referred to in the Budget Speech as the refundable tax credit for the integration of IT in manufacturing SMBs). The Act respecting the sectoral parameters of certain fiscal measures will be amended so that Investissement Québec can accept such applications filed after March 26, 2015, and before January 1, 2020.

Two-year extension of the tax credit

Tax legislation will be amended to extend for two years the tax credit relating to information technologies in small and medium-sized manufacturing businesses.

Reduction of the level of assistance

Furthermore, the tax credit rate, for a taxation year, will be 20% for a qualified corporation whose paid-up capital for the year is $15 million or less. The rate will be reduced linearly and reach zero for any qualified corporation whose paid-up capital for the year is $20 million or more.

Eligibility of primary sector corporations

In addition, tax legislation will be amended so that the term "qualified manufacturing or private sector corporation" means, for a taxation year, a qualified corporation whose proportion of manufacturing or processing activities and primary sector activities for the taxation year is more than 50%.

Activities attributable to agriculture, forestry, fishing, hunting, mining, quarrying, and oil and gas extraction will be considered primary sector activities.

Effective date

These amendments will apply to expenditures relating to the supply of a qualified management software package that are incurred after March 26, 2015, and before January 1, 2020, under an IT integration contract the negotiation of which began after March 26, 2015, and before January 1, 2020, and in respect of which Investissement Québec has issued a certificate.

For more information, see pages A.53 to A.56 of the document entitled Additional Information 2015-2016 (PDF – 1.96 MB), published by the Ministère des Finances.

Since June 4, 2014, Investissement Québec has not been able to accept applications for a certificate in connection with an information technology (IT) integration contract for purposes of the above-mentioned tax credit (referred to in the Budget Speech as the refundable tax credit for the integration of IT in manufacturing SMBs). The Act respecting the sectoral parameters of certain fiscal measures will be amended so that Investissement Québec can accept such applications filed after March 26, 2015, and before January 1, 2020.

Two-year extension of the tax credit

Tax legislation will be amended to extend for two years the tax credit relating to information technologies in small and medium-sized manufacturing businesses.

Reduction of the level of assistance

Furthermore, the tax credit rate, for a taxation year, will be 20% for a qualified corporation whose paid-up capital for the year is $15 million or less. The rate will be reduced linearly and reach zero for any qualified corporation whose paid-up capital for the year is $20 million or more.

Eligibility of primary sector corporations

In addition, tax legislation will be amended so that the term "qualified manufacturing or private sector corporation" means, for a taxation year, a qualified corporation whose proportion of manufacturing or processing activities and primary sector activities for the taxation year is more than 50%.

Activities attributable to agriculture, forestry, fishing, hunting, mining, quarrying, and oil and gas extraction will be considered primary sector activities.

Effective date

These amendments will apply to expenditures relating to the supply of a qualified management software package that are incurred after March 26, 2015, and before January 1, 2020, under an IT integration contract the negotiation of which began after March 26, 2015, and before January 1, 2020, and in respect of which Investissement Québec has issued a certificate.

For more information, see pages A.53 to A.56 of the document entitled Additional Information 2015-2016 (PDF – 1.96 MB), published by the Ministère des Finances.

Since June 4, 2014, Investissement Québec has not been able to accept applications for a certificate in connection with an information technology (IT) integration contract for purposes of the above-mentioned tax credit (referred to in the Budget Speech as the refundable tax credit for the integration of IT in manufacturing SMBs). The Act respecting the sectoral parameters of certain fiscal measures will be amended so that Investissement Québec can accept such applications filed after March 26, 2015, and before January 1, 2020.

Two-year extension of the tax credit

Tax legislation will be amended to extend for two years the tax credit relating to information technologies in small and medium-sized manufacturing businesses.

Reduction of the level of assistance

Furthermore, the tax credit rate, for a taxation year, will be 20% for a qualified corporation whose paid-up capital for the year is $15 million or less. The rate will be reduced linearly and reach zero for any qualified corporation whose paid-up capital for the year is $20 million or more.

Eligibility of primary sector corporations

In addition, tax legislation will be amended so that the term "qualified manufacturing or private sector corporation" means, for a taxation year, a qualified corporation whose proportion of manufacturing or processing activities and primary sector activities for the taxation year is more than 50%.

Activities attributable to agriculture, forestry, fishing, hunting, mining, quarrying, and oil and gas extraction will be considered primary sector activities.

Effective date

These amendments will apply to expenditures relating to the supply of a qualified management software package that are incurred after March 26, 2015, and before January 1, 2020, under an IT integration contract the negotiation of which began after March 26, 2015, and before January 1, 2020, and in respect of which Investissement Québec has issued a certificate.

For more information, see pages A.53 to A.56 of the document entitled Additional Information 2015-2016 (PDF – 1.96 MB), published by the Ministère des Finances.

To encourage individuals to join or remain in the workforce, a new refundable tax credit, called the tax shield, has been created. This new tax credit will be implemented as of the 2016 taxation year.

The purpose of the tax shield is to offset, further to an increase in work income, a part of the loss of the socio-fiscal transfers designed specifically to incentivize work, specifically the refundable tax credit attributing a work premium (the work premium or the adapted work premium) and the tax credit for childcare expenses.

The part of the tax shield respecting the work premium tax credit could reach $375 for a couple. The part of the tax shield respecting the tax credit for childcare expenses could represent an increase of a few percentage points in the rate of this tax credit.

For more information, see pages A.12 to A.16 of the document Additional Information 2015-2016 (PDF – 1.96 MB) as well as pages B.19 to B.24 of the The Québec Economic Plan (PDF – 10,7 MB) published by the Ministère des Finances.

To encourage individuals to join or remain in the workforce, a new refundable tax credit, called the tax shield, has been created. This new tax credit will be implemented as of the 2016 taxation year.

The purpose of the tax shield is to offset, further to an increase in work income, a part of the loss of the socio-fiscal transfers designed specifically to incentivize work, specifically the refundable tax credit attributing a work premium (the work premium or the adapted work premium) and the tax credit for childcare expenses.

The part of the tax shield respecting the work premium tax credit could reach $375 for a couple. The part of the tax shield respecting the tax credit for childcare expenses could represent an increase of a few percentage points in the rate of this tax credit.

For more information, see pages A.12 to A.16 of the document Additional Information 2015-2016 (PDF – 1.96 MB) as well as pages B.19 to B.24 of the The Québec Economic Plan (PDF – 10,7 MB) published by the Ministère des Finances.

To encourage individuals to join or remain in the workforce, a new refundable tax credit, called the tax shield, has been created. This new tax credit will be implemented as of the 2016 taxation year.

The purpose of the tax shield is to offset, further to an increase in work income, a part of the loss of the socio-fiscal transfers designed specifically to incentivize work, specifically the refundable tax credit attributing a work premium (the work premium or the adapted work premium) and the tax credit for childcare expenses.

The part of the tax shield respecting the work premium tax credit could reach $375 for a couple. The part of the tax shield respecting the tax credit for childcare expenses could represent an increase of a few percentage points in the rate of this tax credit.

For more information, see pages A.12 to A.16 of the document Additional Information 2015-2016 (PDF – 1.96 MB) as well as pages B.19 to B.24 of the The Québec Economic Plan (PDF – 10,7 MB) published by the Ministère des Finances.

The tax holiday for large investment projects has been improved. In summary:

• the time limit for filing an application for an initial certificate has been extended to November 20, 2017;
• the capital investment threshold has been reduced to $100 million ($75 million if the investment is carried out in an eligible region);
• the investment period has been extended and is now 60 months; and
• the tax holiday period has been extended and is now 15 years.

The tax holiday consists of a deduction in the calculation of taxable income, in the case of a corporation, and an exemption from the contribution to the health services fund with regard to eligible activities relating to a large investment project, in the case of a corporation or a partnership.

For more information about the exemption from the contribution to the health services fund, see Large Investment Project.

For more information on the tax holiday for large investment projects, consult the website of the Ministère des Finances.

The tax holiday for large investment projects has been improved. In summary:

• the time limit for filing an application for an initial certificate has been extended to November 20, 2017;
• the capital investment threshold has been reduced to $100 million ($75 million if the investment is carried out in an eligible region);
• the investment period has been extended and is now 60 months; and
• the tax holiday period has been extended and is now 15 years.

The tax holiday consists of a deduction in the calculation of taxable income, in the case of a corporation, and an exemption from the contribution to the health services fund with regard to eligible activities relating to a large investment project, in the case of a corporation or a partnership.

For more information about the exemption from the contribution to the health services fund, see Large Investment Project.

For more information on the tax holiday for large investment projects, consult the website of the Ministère des Finances.

The tax holiday for large investment projects has been improved. In summary:

• the time limit for filing an application for an initial certificate has been extended to November 20, 2017;
• the capital investment threshold has been reduced to $100 million ($75 million if the investment is carried out in an eligible region);
• the investment period has been extended and is now 60 months; and
• the tax holiday period has been extended and is now 15 years.

The tax holiday consists of a deduction in the calculation of taxable income, in the case of a corporation, and an exemption from the contribution to the health services fund with regard to eligible activities relating to a large investment project, in the case of a corporation or a partnership.

For more information about the exemption from the contribution to the health services fund, see Large Investment Project.

For more information on the tax holiday for large investment projects, consult the website of the Ministère des Finances.

The tax holiday for large investment projects has been improved. In summary:

• the time limit for filing an application for an initial certificate has been extended to November 20, 2017;
• the capital investment threshold has been reduced to $100 million ($75 million if the investment is carried out in an eligible region);
• the investment period has been extended and is now 60 months; and
• the tax holiday period has been extended and is now 15 years.

The tax holiday consists of a deduction in the calculation of taxable income, in the case of a corporation, and an exemption from the contribution to the health services fund with regard to eligible activities relating to a large investment project, in the case of a corporation or a partnership.

For more information about the exemption from the contribution to the health services fund, see Large Investment Project.

For more information on the tax holiday for large investment projects, consult the website of the Ministère des Finances.

You are not required to withhold income tax on employment income from an international organization, from the government of a foreign country or from an office of a political division of a foreign state if the income is non-taxable or exempt from income tax under a regulation.

You are not required to withhold income tax on employment income from an international organization, from the government of a foreign country or from an office of a political division of a foreign state if the income is non-taxable or exempt from income tax under a regulation.

You are not required to withhold income tax on employment income from an international organization, from the government of a foreign country or from an office of a political division of a foreign state if the income is non-taxable or exempt from income tax under a regulation.

You are not required to withhold income tax on employment income from an international organization, from the government of a foreign country or from an office of a political division of a foreign state if the income is non-taxable or exempt from income tax under a regulation.