When was revenue quebec created

Note that in the case of advisers or promoters, the disclosure should be generic so that their clients remain anonymous. Disclosure by a member of a partnership will be deemed to have been made by each other member of the partnership. Under the Taxation Act Act , disclosure of a transaction cannot constitute an admission that the general anti-avoidance rule GAAR applies to the transaction that is disclosed. The first transaction is one that circumvents the deemed disposal of trust property on the 21 st anniversary of the creation of the trust in order to defer tax on the gain accrued on the property.

The Act prescribes certain circumstances in which a trust will be deemed to dispose of all its property at fair market value, including on the 21 st anniversary of the creation of the trust.

The Act also contains a specific anti-avoidance provision that provides that if the trust property is transferred to another trust, that trust will be deemed to have disposed of the property on the 21 st anniversary of the creation of the first trust. These provisions are designed to prevent a trust from indefinitely deferring tax on the gain accrued on its property.

More specifically, this transaction covers all payments royalties, interest, management fees, etc. No included transaction has been announced yet.

The third determined transaction covers transactions that result in the multiplication of the CGD between several persons, particularly through a trust or transfers of shares of a corporation to the spouse of the person who operates the business. The CGD exempts from tax a capital gain resulting from the sale of qualified small business corporation shares by an individual.

The fourth determined transaction under the Regulation covers transactions that circumvent the rules limiting the use of tax attributes amongst unaffiliated persons or following the acquisition of control of a corporation or trust and, more specifically,. The taxpayer that uses the tax attributes Profitco further to the series of transactions in question is required to disclose the transaction referred to in paragraph a above.

The corporation or trust with accumulated losses Lossco whose tax attributes are used is required to disclose the transaction referred to in paragraph b above.

The transaction referred to in paragraph a above must be disclosed by the later of the following dates: 1 the general filing due date for the taxpayer that used the tax attributes Profitco , and 2 days after March 17, However, you can agree with the other parent to change the amount of child support you are paying according to the applicable rules and your new financial situation.

You can than have your agreement approved by a special court clerk. To make things easier, you can use the Homologation Assistance Service offered in legal aid offices. A lawyer will prepare all the necessary documents and mail them to the special clerk. Learn about the responsibilities and tax obligations of professional representatives and about My Account for professional representatives.

Learn about the partnerships we create with developers of products related to our fields of activity, SRM installers and QESI promoters, trustees and mandataries.

Online Services Forms and Publications. Use our online services and download our forms, publications and guides. Search search Launch search. About Us. See the awards and distinctions we have received in French only. Print Share. Updated to 1 August The Agency binds none but itself when it acts in its own name in the performance of its own obligations. Such directives require the approval of the Government and come into force on the date of their approval.

Once approved, they are binding on the Agency and the Agency must comply with them. In exercising these functions and powers, the president and chief executive officer has the authority of the Minister and may delegate, and authorize the subdelegation of, the exercise of that authority to another employee or to a class of employees of the Agency. These functions and powers may be exercised only by employees of the Agency.

However, the president and chief executive officer, if of the opinion that it is necessary for a particular matter, may authorize that the services of a person who is not an employee of the Agency be hired by contract. The offices of chair of the board and president and chief executive officer may not be held concurrently. Board members qualify as independent directors if they have no direct or indirect relationships or interests, for example of a financial, commercial, professional or philanthropic nature, which are likely to interfere with the quality of their decisions as regards the interests of the Agency.

A board member 1 who is in the employ of the Agency or has been in such employ in the three years preceding appointment to office,. The Government may adopt a policy concerning situations it intends to examine to determine if a board member qualifies as an independent director. At least four of the members mentioned in the first paragraph, other than the president and chief executive officer, must, at the time of their appointment or of the renewal of their term, if applicable, be in the employ of a government department or agency within the meaning of section 4 of the Auditor General Act chapter V Any additional member who is so employed must also be from a government department or agency to which the Agency provides collection services and hold such a position.

On the expiry of their term, the members of the board of directors remain in office until they are replaced or reappointed. Non-attendance at a number of board meetings determined by the by-laws of the Agency, in the cases and circumstances specified, constitutes a vacancy.

They are entitled to the reimbursement of expenses incurred in the exercise of their functions, on the conditions and to the extent determined by the Government. Decisions of the board are made by a majority vote of the members present.

In the case of a tie vote, the person presiding at the meeting has a casting vote.