Canada: Penalties for aggressive tax planning in Quebec - KPMG Global
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Canada: Increased penalties for “aggressive tax planning” in Quebec

Canada: Penalties for aggressive tax planning in Quebec

Penalties in Quebec will increase to address what has been perceived to be “aggressive tax planning.”


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Specifically, the existing penalty for a general anti-avoidance rule (GAAR) assessment is planned to be increased to 50% (from 25%), effective 1 February 2018. Also, the start of the normal reassessment period in certain situations related to GAAR will be suspended. Changes are being made to Quebec’s “tax informant reward” program.


Read a November 2017 report prepared by the KPMG member firm in Canada

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