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2% Share Buyback Tax: What to Expect?
Prepared by Andersen in Canada, Montreal Partner Danny Guérin with support from Stéphanie Perras. The 2022 Federal Fall Economic Statement announced a two-percent tax that would applyon the net value of all types of share buybacks made by public corporations in Canada. Thetax would come into effect on January 1, 2024. The statement indicates that more detailswill be […]
Canadian Film or Video Production Tax Credit
June 2, 2022Prepared by Andersen in Canada, Montréal Partner Patrick Coutu and Tax Manager Divya Katyal with support from Lisa Chea. Extension of timelines for Film or Video Production Services Tax Credit In the Budget 2021, the government of Canada proposed to extend the timelines for eligibility and compliance for the Canadian Film or Video Production Tax Credit (CPTC) and Film or […]
Canada Federal Budget 2022 Highlights
April 19, 2022Prepared by Andersen in Canada, Montréal Partner Patrick Coutu, Tax Manager Maxime Blais with support from Lisa Chea A. Individuals – proposal 1. A Tax-Free First Home Savings Account (CELIAPP) A new account will be available starting January 2023 to help taxpayers save money for their first home. The contributions will be deductible from their taxable income and […]
Budget 2022-2023 – Québec Ministry of Finance
March 24, 2022Prepared by Andersen in Canada, Montréal Partner Patrick Coutu, Tax Managers Divya Katyal and Catarina Marques with support from Inta Simonyan. On March 22, 2022, the government of Québec released its 2022-2023 budget. Below is an overview of some of the major proposals: 1. COST OF LIVING LUMP SUM PAYMENT Every Québec resident aged 18 years or older declaring […]