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ARTICLE · 09 FEBRUARY 2009

Québec Releases Working Paper On Aggressive Tax Planning

Osler, Hoskin & Harcourt LLP
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On January 30, 2009 the ministère des Finances (Québec) released its Working Paper on Aggressive Tax Planning. The Working Paper sets out proposed changes to Québec tax legislation to strengthen Québec’s response to ATP schemes.

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Osler'S National Tax Department
Osler'S National Tax Department
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On January 30, 2009 the ministère des Finances (Québec) released its Working Paper on Aggressive Tax Planning. The Working Paper sets out proposed changes to Québec tax legislation to strengthen Québec's response to ATP schemes. Taxpayers across Canada should take note of these proposals as they may be indicative of the direction that Canadian tax authorities may take in addressing tax avoidance. Interested parties may submit their views on the Working Paper before March 1, 2009.

In her 2008-2009 Budget Speech, the Minister of Finance for the Province of Québec announced the Québec government's plan for a concerted response to aggressive tax planning (ATP). The plan included additional funding for the ministère du Revenu (Québec) to support a specialised unit whose purpose would be to fight against ATP arrangements. The plan also included a review of fiscal policy to address ATP.

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