Tax Memo: Revised Quebec Aggressive Tax Planning Proposals

On October 15, 2009, the ministère des Finances (Finances Québec) released Information Bulletin 2009-5, "Fighting Aggressive Tax Planning." According to Finances Québec, an aggressive tax plan (ATP) is a transaction that complies with the letter of the law, but abuses its spirit. The Quebec Taxation Act will be amended to reflect the measures outlined in the Information Bulletin.

The Information Bulletin essentially reiterates the major proposals that Finances Québec set out in its January 30, 2009, consultative document (see Tax Memo: Quebec Proposal on Aggressive Tax Planning). A number of interested parties made representations to Finances Québec however, few of the recommendations the tax community made are reflected in the revised proposals.

Tax Memo: Revised Quebec Aggressive Tax Planning Proposals (144 KB) Download the full PDF Tax Memo.