As reported earlier this month in our blog, Finance Quebec
announced, on May 17, 2019, measures to fight aggressive tax
planning. One of these measures is to require the disclosure of
prête-nom agreements. To know more about the requirements
surrounding prête-nom agreements, please consult my previous
article.
Finance Quebec has just provided an extension to the original
obligatory reporting dates. Regardless of when, the prête-nom
agreement was executed, all prête-nom agreements must now be
disclosed upon the later of 90 days following the execution of the
prête-nom agreement or 90 days after the bill introducing
these measures has become law.
These proposed provisions have not yet become law. You should
also note that at this time, the prescribed form (dealing with the
exact information which must be disclosed) has not been
published.
