Tax Measures Under Canada’s COVID-19 Economic Response Plan

  • corporate income statement;
  • mining tax return, for operators that were required to file the return between March 17 and May 31, 2020 (the deadline is September 1, 2020, for operators that are required to file the return between June 1 and August 31, 2020);
  • Quebec tax laws or regulations election such as a rollover (except QST choices that are harmonized with GST);
  • tax credit application (12 month deadline);
  • request for reimbursement of fuel taxes;
  • response to requests for information from Revenu Québec;
  • mandatory or preventive aggressive tax planning (“ATP”) disclosure;
  • Quebec education savings incentive (“QESI”) request (90-day deadline).

Revenu Québec is extending the deadline for paying mining and logging tax[170] to September 30, 2020.

In addition, the deadline to remit any unclaimed property to the Minister of Revenue, which corresponds to the end of the first quarter following the end of the fiscal year in which the property has become unreported, is postponed to August 31, 2020. No late payment interest or penalties in respect of property which has become unclaimed during a fiscal year ending between December 17, 2019, and May 30, 2020, will accrue as long as the property is remitted to Revenu Québec before September 1, 2020. The 10-year limitation period for remitting amounts less than $ 500 to the Minister of Finance is suspended until the expiration of the COVID state of emergency. The following activities related to processing new unclaimed property are temporarily suspended until the health emergency is lifted: processing unclaimed property, maintaining the register of unclaimed property, searching for right-holders and liquidating unclaimed successions already entrusted to Revenu Québec, as well as the 10-year limit for recovering amounts less than $500 from the Minister of Finance.

Employers who can benefit from the CEWS and maintain an establishment in Quebec will receive a credit on their contribution to the Health Services Fund[171] for a period of up to twelve weeks, retroactive to March 15, 2020. On May 29[172], 2020, Revenu Québec announced that it would be extending the credit until August 29, 2020. On August 17[173], 2020, Revenu Québec announced that it would be extending the credit until November 21, 2020. The amount of the credit is equal to the total amount of the employer’s contribution to the Health Services Fund in respect to wages paid to employees on paid leave due to COVID-19. The qualifying periods for the credit mirror the CEWS qualifying periods:

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40