Revenu Québec Infos

The GST and QST apply to the sale of a hair prosthesis, whether or not it is sold by prescription (This link will open a new window). Wigs, hairpieces, toupees and volumizing systems are examples of hair prostheses.

As part of the 2015-2016 Budget Speech, the Minister of Finance announced that a new refundable tax credit, called the “tax shield,” would 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 to incentivize work, specifically the refundable tax credits respecting the work premium and the tax credit for childcare expenses.

To enhance the benefits of the tax shield, one of the parameters for calculating the tax credit will be adjusted upon the tax credit's implementation. As such, in 2016, the maximum increase in eligible work income relative to the previous year will be raised from $2,500 to $3,000 for each member of a household.

For more information, see pages A.21 to A.22 of the document entitled Additional Information 2016-2017 (PDF – 2.88 Mb), published by the Ministère des Finances.

Not all goods and services acquired by a large business under the QST system give entitlement to input tax refunds (ITRs).

Therefore, as a registrant, you must determine whether you constitute an SMB (small or medium-sized business) or a large business for each fiscal year.

You are generally considered to be a large business for a given fiscal year if your and any associated corporations' taxable supplies made in Canada in the fiscal year that precedes the given fiscal year exceed $10 million.

For more information, see the Large Businesses page or the interpretation bulletin entitled “Qualification as a small or medium-sized business or as a large business” (TVQ. 206.1-9).

Note

Restrictions on ITRs will be gradually eliminated as of January 1, 2018.

A temporary refundable tax credit for eco-friendly home renovation has been introduced.

The tax credit is intended for individuals who have a qualified contractor carry out recognized eco-friendly renovation work on their principal place of residence or a winterized cottage they normally occupy under a contract entered into after March 17, 2016, and before April 1, 2017.

For more information, click RénoVert Tax Credit.

A temporary refundable tax credit for eco-friendly home renovation has been introduced.

The tax credit is intended for individuals who have a qualified contractor carry out recognized eco-friendly renovation work on their principal place of residence or a winterized cottage they normally occupy under a contract entered into after March 17, 2016, and before April 1, 2017.

For more information, click RénoVert Tax Credit.

A temporary refundable tax credit for eco-friendly home renovation has been introduced.

The tax credit is intended for individuals who have a qualified contractor carry out recognized eco-friendly renovation work on their principal place of residence or a winterized cottage they normally occupy under a contract entered into after March 17, 2016, and before April 1, 2017.

For more information, click RénoVert Tax Credit.

A temporary refundable tax credit for eco-friendly home renovation has been introduced.

The tax credit is intended for individuals who have a qualified contractor carry out recognized eco-friendly renovation work on their principal place of residence or a winterized cottage they normally occupy under a contract entered into after March 17, 2016, and before April 1, 2017.

For more information, click RénoVert Tax Credit.

A temporary refundable tax credit for eco-friendly home renovation has been introduced.

The tax credit is intended for individuals who have a qualified contractor carry out recognized eco-friendly renovation work on their principal place of residence or a winterized cottage they normally occupy under a contract entered into after March 17, 2016, and before April 1, 2017. 

For more information, click RénoVert Tax Credit.

If you carry back a net capital loss to a taxation year for which you have income tax payable, we will generally take the loss carry-back into account when calculating interest on the amount payable only as of the date of the carry-back request.

If you carry back a net capital loss to a taxation year for which you have income tax payable, we will generally take the loss carry-back into account when calculating interest on the amount payable only as of the date of the carry-back request.

If you carry back a net capital loss to a taxation year for which you have income tax payable, we will generally take the loss carry-back into account when calculating interest on the amount payable only as of the date of the carry-back request.

If you carry back (This link will open a new window) a net capital loss (This link will open a new window) to a taxation year for which you have income tax payable, we will generally take the loss carry-back into account when calculating interest on the amount payable only as of the date of the carry-back request. 

In the Budget Speech tabled on March 17, 2016, the Minister of Finance of Québec announced that the additional contribution for a second child receiving subsidized childcare would be reduced by 50% retroactively to 2015.

Revenu Québec will correct the 2015 income tax return of parents impacted by the reduction, so that they see the benefits of the reduction more quickly.

This means that parents must file their income tax returns—and Schedule I—as is, without changing the way they calculate the amount of the additional contribution.

Given that paying childcare expenses (including the additional contribution) entitles parents to the Child Care Expenses Deduction in the federal income tax return, the Canada Revenue Agency (CRA) will also take the reduction into account when processing the 2015 federal return.

In the Budget Speech tabled on March 17, 2016, the Minister of Finance of Québec announced that the additional contribution for a second child receiving subsidized childcare would be reduced by 50% retroactively to 2015.

Revenu Québec will correct the 2015 income tax return of parents impacted by the reduction, so that they see the benefits of the reduction more quickly.

This means that parents must file their income tax returns—and Schedule I—as is, without changing the way they calculate the amount of the additional contribution.

Given that paying childcare expenses (including the additional contribution) entitles parents to the Child Care Expenses Deduction in the federal income tax return, the Canada Revenue Agency (CRA) will also take the reduction into account when processing the 2015 federal return.

In the Budget Speech tabled on March 17, 2016, the Minister of Finance of Québec announced that the additional contribution for a second child receiving subsidized childcare would be reduced by 50% retroactively to 2015.

Revenu Québec will correct the 2015 income tax return of parents impacted by the reduction, so that they see the benefits of the reduction more quickly.

This means that parents must file their income tax returns—and Schedule I—as is, without changing the way they calculate the amount of the additional contribution.

Given that paying childcare expenses (including the additional contribution) entitles parents to the Child Care Expenses Deduction in the federal income tax return, the Canada Revenue Agency (CRA) will also take the reduction into account when processing the 2015 federal return.

In the Budget Speech tabled on March 17, 2016, the Minister of Finance of Québec announced that the additional contribution for a second child receiving subsidized childcare would be reduced by 50% retroactively to 2015.

Revenu Québec will correct the 2015 income tax return of parents impacted by the reduction, so that they see the benefits of the reduction more quickly.

This means that parents must file their income tax returns—and Schedule I—as is, without changing the way they calculate the amount of the additional contribution.

Given that paying childcare expenses (including the additional contribution) entitles parents to the Child Care Expenses Deduction in the federal income tax return, the Canada Revenue Agency (CRA) will also take the reduction into account when processing the 2015 federal return.

In the Budget Speech tabled on March 17, 2016, the Minister of Finance of Québec announced that the additional contribution for a second child receiving subsidized childcare would be reduced by 50% retroactively to 2015.

Revenu Québec will correct the 2015 income tax return of parents impacted by the reduction, so that they see the benefits of the reduction more quickly.

This means that parents must file their income tax returns—and Schedule I—as is, without changing the way they calculate the amount of the additional contribution. 

Given that paying childcare expenses (including the additional contribution) entitles parents to the Child Care Expenses Deduction in the federal income tax return, the Canada Revenue Agency (CRA) will also take the reduction into account when processing the 2015 federal return.

Any person not resident in Canada (a non-resident) that disposes of taxable Québec property must obtain a certificate from Revenu Québec. The document certifies that the non-resident has met all its fiscal obligations with regard to the disposition and relieves the acquirer of any liability for income tax arising from the transaction.

Non-residents must obtain a certificate even if the transaction results in a capital loss.

Once the certificate has been received, the notary can release the proceeds of disposition to the non-resident.

So that certificate applications can be processed more quickly, Revenu Québec asks that notaries and other professional representatives inform non-residents of all the documents required in order to obtain a certificate, including any additional documents required for processing.

Documents required in order to obtain a certificate

To obtain a certificate, non-residents must include the following documents with their application:

• Form TP-1097-V, Notice of Disposition or Proposed Disposition of Taxable Québec Property by an Individual or Corporation Not Resident in Canada, duly completed
• A copy of the non-resident's acquisition contract
• Documents that justify the adjusted cost base of the property (such as an invoice from the broker or notary, invoices supporting improvements made to the building, etc.)
• A copy of the non-resident's disposition contract for the property, or any other written agreement (such as a promise of sale) signed by both parties to a proposed disposition
• If the disposition of the property results in a capital gain, a cheque or money order made payable to the Minister of Revenue of Québec for 12.875% of the capital gain realized (or 30% of the capital gain realized, in the case of a life insurance policy)

Additional documents required for processing

For faster processing of their applications, non-residents must include the following documents with their applications:

• An act of transmission (in the case of a transfer)
• A will (in the case of a legacy)
• Financial statements or an annual report (in the case of transferred shares)
• Form TP-274-V,  Designation of Property as a Principal Residence (in the case of a principal residence)

Certificate applications made before the disposition of the property

Where an application for a certificate is made before the disposition of the property, the non-resident is not required to file another copy of form TP-1097-V when the disposition actually takes place. However, the certificate is no longer valid and a new copy of form TP-1097-V must be filed if any of the following is true:

• The acquirer is not the person initially named in the written agreement.
• The amount of the proceeds of disposition is different from the estimated amount.
• The adjusted cost base is different from the one reported on the form.

Sending the application

Certificate applications must be sent to:

Certificat – Non-résident
Revenu Québec
3800, rue de Marly, secteur JO
Québec (Québec)  G1X 4A5

Note

Certain tax treaties may affect how capital gains are calculated.

Any person not resident in Canada (a non-resident) that disposes of taxable Québec property must obtain a certificate from Revenu Québec. The document certifies that the non-resident has met all its fiscal obligations with regard to the disposition and relieves the acquirer of any liability for income tax arising from the transaction.

Non-residents must obtain a certificate even if the transaction results in a capital loss.

Once the certificate has been received, the notary can release the proceeds of disposition to the non-resident.

So that certificate applications can be processed more quickly, Revenu Québec asks that notaries and other professional representatives inform non-residents of all the documents required in order to obtain a certificate, including any additional documents required for processing.

Documents required in order to obtain a certificate

To obtain a certificate, non-residents must include the following documents with their application:

• Form TP-1097-V, Notice of Disposition or Proposed Disposition of Taxable Québec Property by an Individual or Corporation Not Resident in Canada, duly completed
• A copy of the non-resident's acquisition contract
• Documents that justify the adjusted cost base of the property (such as an invoice from the broker or notary, invoices supporting improvements made to the building, etc.)
• A copy of the non-resident's disposition contract for the property, or any other written agreement (such as a promise of sale) signed by both parties to a proposed disposition
• If the disposition of the property results in a capital gain, a cheque or money order made payable to the Minister of Revenue of Québec for 12.875% of the capital gain realized (or 30% of the capital gain realized, in the case of a life insurance policy)

Additional documents required for processing

For faster processing of their applications, non-residents must include the following documents with their applications:

• An act of transmission (in the case of a transfer)
• A will (in the case of a legacy)
• Financial statements or an annual report (in the case of transferred shares)
• Form TP-274-V,  Designation of Property as a Principal Residence (in the case of a principal residence)

Certificate applications made before the disposition of the property

Where an application for a certificate is made before the disposition of the property, the non-resident is not required to file another copy of form TP-1097-V when the disposition actually takes place. However, the certificate is no longer valid and a new copy of form TP-1097-V must be filed if any of the following is true:

• The acquirer is not the person initially named in the written agreement.
• The amount of the proceeds of disposition is different from the estimated amount.
• The adjusted cost base is different from the one reported on the form.

Sending the application

Certificate applications must be sent to:

Certificat – Non-résident
Revenu Québec
3800, rue de Marly, secteur JO
Québec (Québec)  G1X 4A5

Note

Certain tax treaties may affect how capital gains are calculated.

Any person not resident in Canada (a non-resident) that disposes of taxable Québec property must obtain a certificate from Revenu Québec. The document certifies that the non-resident has met all its fiscal obligations with regard to the disposition and relieves the acquirer of any liability for income tax arising from the transaction.

Non-residents must obtain a certificate even if the transaction results in a capital loss.

Once the certificate has been received, the notary can release the proceeds of disposition to the non-resident.

So that certificate applications can be processed more quickly, Revenu Québec asks that notaries and other professional representatives inform non-residents of all the documents required in order to obtain a certificate, including any additional documents required for processing.

Documents required in order to obtain a certificate

To obtain a certificate, non-residents must include the following documents with their application:

• Form TP-1097-V, Notice of Disposition or Proposed Disposition of Taxable Québec Property by an Individual or Corporation Not Resident in Canada, duly completed
• A copy of the non-resident's acquisition contract
• Documents that justify the adjusted cost base of the property (such as an invoice from the broker or notary, invoices supporting improvements made to the building, etc.)
• A copy of the non-resident's disposition contract for the property, or any other written agreement (such as a promise of sale) signed by both parties to a proposed disposition
• If the disposition of the property results in a capital gain, a cheque or money order made payable to the Minister of Revenue of Québec for 12.875% of the capital gain realized (or 30% of the capital gain realized, in the case of a life insurance policy)

Additional documents required for processing

For faster processing of their applications, non-residents must include the following documents with their applications:

• An act of transmission (in the case of a transfer)
• A will (in the case of a legacy)
• Financial statements or an annual report (in the case of transferred shares)
• Form TP-274-V,  Designation of Property as a Principal Residence (in the case of a principal residence)

Certificate applications made before the disposition of the property

Where an application for a certificate is made before the disposition of the property, the non-resident is not required to file another copy of form TP-1097-V when the disposition actually takes place. However, the certificate is no longer valid and a new copy of form TP-1097-V must be filed if any of the following is true:

• The acquirer is not the person initially named in the written agreement.
• The amount of the proceeds of disposition is different from the estimated amount.
• The adjusted cost base is different from the one reported on the form.

Sending the application

Certificate applications must be sent to:

Certificat – Non-résident
Revenu Québec
3800, rue de Marly, secteur JO
Québec (Québec)  G1X 4A5

Note

Certain tax treaties may affect how capital gains are calculated.