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ARTICLE · 03 SEPTEMBER 2019

Extended Deadline For Québec Nominee Agreement Disclosure

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As outlined in our e-communications of May 21, 2019, and August 12, 2019, Québec's Ministry of Finance has introduced new rules regarding the disclosure of nominee agreements.

CanadaFinance and Banking
Marie-Emmanuelle Vaillancourt
Marie-Emmanuelle Vaillancourt
John Lennard
John Lennard
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As outlined in our e-communications of May 21, 2019, and August 12, 2019, Québec's Ministry of Finance has introduced new rules regarding the disclosure of nominee agreements. The new disclosure requirement is relevant to nominee agreements involving one or more parties that are subject to Québec tax laws. As set out in the Ministry of Finance's Information Bulletin published on May 17, 2019, nominee agreements were to be disclosed within the following timelines:

  • nominee agreements entered into on or after May 17, 2019, were to be disclosed within 90 days of the date on which the nominee agreement was entered into; and
  • nominee agreements entered into prior to May 17, 2019, were to be disclosed no later than September 16, 2019, to the extent that the "tax consequences" of the agreement continue after May 17, 2019.

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