Last Update: May 5, 2022
Revenu Québec- New Residential Rental Property QST …
New Residential Rental Property QST Rebate. This form is for use by any person (hereinafter the “claimant”) that is claiming a Québec sales tax (QST) rebate for the purchase of a new residential rental complex. It is also for use by any person that is selling all or part of a residential complex and leasing the land on which it is located.
Actived: 8 days ago
Sales and Leases of Immovables
(8 days ago) Sales and Leases of Immovables. Most sales and leases of immovables (real property) by public service bodies are tax-exempt. In some cases, however, they are taxable. Taxable sales and leases of immovables include: sales of new houses or houses that have undergone substantial renovations. sales of vacant land to an individual.
Income and Expenses Respecting the Rental
(5 days ago) Income and Expenses Respecting the Rental of Immovable Property. This form is to be filed by an individual who earns rental income as the sole owner or co-owner of immovable property. Note. exclamtriangle. To complete the form, save it to your computer and open it in Adobe Reader. This link will open a new tab. .
Revenu Québec- Detailed GST/HST and QST Calculations …
(5 days ago) Detailed GST/HST and QST Calculations and Return Respecting Taxable Real Property (Immovables), Taxable Carbon Emission Allowances and Imported Taxable Supplies FP-500-V. Complete this form to make detailed GST/HST and QST calculations and report the taxes payable on the acquisition of taxable real property (immovables), taxable carbon emission
Capital Gains and Losses
(5 days ago) Capital Gains and Losses. This guide is intended for individuals (including trusts) who disposed of capital property (including incorporeal capital property) during their taxation year, or who are members of a partnership that disposed of such property during a fiscal period that ended during their taxation year. Note. isa.
Requirement to File the Deceased's Income Tax Return(s
(1 days ago) As the liquidator, you must file the deceased's income tax return (s) for each taxation year that he or she: was required to pay any of the following: income tax. contributions to the Québec Pension Plan or the health services fund. premiums under the Québec parental insurance plan or the Québec prescription drug insurance plan.
(6 days ago) End of note. If you and your spouse live in Canada and one of you transfers property to the other, directly or indirectly, one of you may have to pay income tax with regard to the property. In the event of a separation or divorce, only the transferee (the person to whom the property is transferred) will have to pay income tax on:
Sales of Residential Complexes
(9 days ago) Sales of Residential Complexes. If you sell a new or substantially renovated residential complex or a multiple-unit residential complex on which you built an addition, the GST and QST apply to the sale. The sale of a residential complex that is not new and has not been substantially renovated is tax-exempt.
GST-QST New Housing Rebate Application
(9 days ago) Effective April 19, 2021, a GST-QST rebate can be claimed by all individuals who co-own a new home that is used as the primary place of residence of one of the purchasers or of a person related to one of the purchasers. This measure applies to supplies made under a sales contract entered into after that date. service.
Purchase, Sale, Rental or Renovation of a
(4 days ago) See the following pages for information on your obligations and tax benefits regarding: buying a house or residential complex; renting out all or part of your house or residential complex; renovating a house or residential complex; selling your house or residential complex. Print.
Basic Rules for Applying the GST/HST and QST
(9 days ago) Basic Rules for Applying the GST/HST and QST. The most common consumption taxes for Québec residents are: the goods and services tax (GST), which is calculated at a rate of 5% on the selling price; and. the Québec sales tax (QST), which is calculated at a rate of 9.975% on the selling price excluding the GST.
Tables of GST and QST Rates
(7 days ago) The 8% rate applied to the supply of corporeal movable property (including electricity and gas) and the supply of telephone and telecommunications services. The supply of these properties and services was already taxable before the QST took effect. The 4% rate applied to the supply of services (except telephone and telecommunications services) and the …
Renouncing a Succession
(8 days ago) The succession can be renounced through a notarial act en minute or a judicial declaration made before the prescribed deadline and published in the register of personal and movable real rights. Complete form BD-82.1-V , Request to Open a File for an Unclaimed Succession , and enclose the following documents with it:
Designating a Property as a Principal
(Just Now) To designate a property as your principal residence for one or more years during which you owned or co-owned it, you must first have made an election concerning a change in the use of the property for the same years with the Canada Revenue Agency (CRA). Keep proof that you made the election with the CRA in case we ask for it. on the Government
Successions and Taxation
(5 days ago) Successions and TaxationIN-313-V. Successions and Taxation. This guide is intended for people who are responsible for settling the succession of a family member or other person close to them. It provides basic tax information for the liquidator of the succession (formerly called the "testamentary executor"). Note.
Registering for the GST and QST
(7 days ago) Registering for the GST and QST. As a rule, you must register for the GST and QST if you carry on commercial activities in Québec. Specifically, you must register for the GST and the QST if your total worldwide taxable supplies (including sales, rentals, exchanges, transfers, barter, etc.) and those made by your associates exceed $30,000 in a
Obligations of Non-Residents with Regard to Québec Income
(9 days ago) You were not a resident of Canada at any point in the year. You may be required to pay income tax on certain income earned in Québec even if you are not a resident of Canada for tax purposes at any point in the year. For more information, see Your Tax Obligations as a Non-Resident of Canada Throughout the Year.
Your Tax Obligations as a Non-Resident of
(8 days ago) Certificate concerning the disposition of taxable Québec property by a person not resident in Canada If the property disposition generates a taxable capital gain and the non-resident vendor encloses an amount on account of tax payable or acceptable security with the notice of disposition, we will issue a Certificate in Respect of the Disposition or Proposed Disposition of …
RL-31 Slip Obligations
(7 days ago) RL-31 Slip Obligations. If you are a landlord and you leased an eligible dwelling for which rent was paid or payable on December 31, 2021, you must file an RL-31 slip with us and give a copy to your tenants. The RL-31 slip is used to report information about leased dwellings on December 31, 2021.
Remitting Tax on the Construction or
(6 days ago) Remitting the tax If you are registered for the taxes, you remit that tax when you file your regular tax return. The deadline varies depending on your situation (see “Payment deadline” below). If you are not registered for the taxes, complete form FP-505.2-V, GST/HST and QST Return for the Self-Supply of a Residential Complex, along with a cheque or money order payable to the …
Restrictions Applicable to Certain
(9 days ago) An entity that is a specified investment flow-through trust (SIFT trust) or a real estate investment trust (REIT) cannot claim in calculating its income a deduction for an amount paid or payable, as applicable:. as interest on a debt or an obligation that is a stapled security, unless each reference security of the stapled security is also a debt or an obligation;
Specified Investment Flow-Through Trust
(3 days ago) For a given taxation year, a specified investment flow-through trust (also called a SIFT trust) is a trust that is neither an excluded subsidiary entity nor a real estate investment trust but that meets the following conditions at some time during the year: The trust is resident in Canada. Investments in the trust are listed or traded on a
Costs Incurred for Work on an Immovable
(4 days ago) Costs Incurred for Work on an ImmovableTP-1086.R.23.12-V. Costs Incurred for Work on an Immovable. This form must be completed by any person or partnership that, as owner, tenant, or administrator, incurred expenses during a taxation year or fiscal period (as the case may be) for the renovation, improvement, maintenance or repair of a building
Revenu Québec- Business Investment Loss
(7 days ago) Business Investment LossTP-232.1-V. Business Investment Loss. Complete this form if you sustained losses on investments (shares or debts) in a small business corporation. Note. exclamtriangle. To complete the form, save it to your computer and open it in Adobe Reader. This link will open a new tab. .
Revenu Québec- Guide du relevé 31 – Renseignements sur l
(1 days ago) Ce guide contient des renseignements concernant la production du relevé 31, relatif aux renseignements sur l'occupation d'un logement. Nos documents téléchargeables pourraient ne pas respecter les règles d'accessibilité Web. Si vous éprouvez de la difficulté à les utiliser, communiquez avec nous.
Reporting Income – Short-Term
(8 days ago) Reporting Income – Short-Term Accommodations. As a rule, you are required to report all your income from the rental of an accommodation unit. To calculate and report your net income, you must deduct the eligible and reasonable expenses you incurred to earn rental income. You can generally deduct 100% of the expenses (such as advertising fees
How to Register for the GST and QST
(3 days ago) How to Register for the GST and QST. You can register for the GST and QST by: using either: the Register a New Business service (to register for consumption taxes, source deductions and corporation income tax), or. the online service for registering a business with Revenu Québec in My Account for businesses, if you are already registered with