Tax Memo: Quebec Proposals on Aggressive Tax Planning
View this page in: FrançaisOn January 30, 2009, the Quebec Ministry of Finance released a consultative document with proposed measures to counter aggressive tax planning. The document recommends Quebec taxpayers should fully disclose transactions deemed aggressive tax planning or face stiff penalties. The proposal also aims to expand the general anti-avoidance rule (GAAR) in the Quebec Taxation Act which means taxpayers and advisers will face potentially significant penalties if GAAR applies to previously undisclosed transactions.
The proposed measures will impact entities that are taxable in Quebec and or their advisers. This Tax Memo summarizes the proposed measures.
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Tax Memo: Quebec Proposals on Aggressive Tax Planning (139 KB) Download the full PDF. |
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Of Further Interest
- Listen to our Tax Tracks Podcast: Quebec Proposals on Aggressive Tax Planning
- Tax Memo: New Supreme Court Ruling on GAAR — Reflections on the Lipson Case
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