Global

Details

  • Service: Tax, International Corporate Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 2/20/2013

Canada - More trusts required to file Quebec returns 

February 20: Certain trusts—regardless of residency—may now have to file a Quebec income tax return.

In addition, certain trusts resident in Canada (outside Quebec) that own specified immovable property now must file an information return.


These measures apply for tax years beginning after 20 November 2012, and reflect statements made by the Quebec government with respect to the Quebec provincial budget for 2013-2014. The Quebec government said it would step up its efforts to fight tax evasion by implementing several initiatives, including the creation of new filing obligations for certain trusts.


Read a February 2013 report prepared by the KPMG member firm in Canada: More Trusts Now Required to File Quebec Returns




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