A tax bill (Bill 146) in Quebec—containing measures previously announced in Quebec's 2017 budget and in various information bulletins published in 2016 and 2017—received its “first reading” on 9 November 2017.
The bill would extend an existing measure that permits certain non-arm’s length share transfers without triggering the Quebec anti-surplus stripping rules.
The bill also includes a variety of measures related to corporate, individual (personal), and indirect taxes and to various tax credits, as well as harmonizing various Quebec tax measures with federal tax measures.
Read a November 2017 report prepared by the KPMG member firm in Canada
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