January 2021 - PSB Boisjoli

Taxation

ELIMINATION OF RESTRICTIONS ON THE CLAIMING OF INPUT TAX REFUNDS (ITR) BY LARGE BUSINESSES EFFECTIVE JANUARY 1st 2021

January 08, 2021 —

As announced in the 2015-2016 Quebec budget, restrictions on the claiming of input tax refunds (ITR) by large businesses have now been completely eliminated. A person is generally considered a large business for QST purposes throughout a particular fiscal year if the person’s total taxable sales made through a permanent establishment in Canada, including exportations, […]

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Covid-19, Taxation

TAX MEASURES AND EXPECTED LOCKDOWN

January 06, 2021 —

As Quebec is likely heading into a full lockdown for the upcoming weeks, the following is a brief summary of how the Canada Emergency Wage Subsidy (“CEWS”) is expected to work during the expected lockdown period. The CEWS measures are divided into periods. CEWS period 11 runs from December 20, to January 16. The lockdown will likely […]

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Month: January 2021

Taxation

ELIMINATION OF RESTRICTIONS ON THE CLAIMING OF INPUT TAX REFUNDS (ITR) BY LARGE BUSINESSES EFFECTIVE JANUARY 1st 2021

Covid-19, Taxation

TAX MEASURES AND EXPECTED LOCKDOWN