Tax News
Tax Bulletin – RL 31 Slip: New obligation to file an information return for lessors
The RL 31 is a new slip that must be issued by any person or company that is the owner of a residential complex and leases a dwelling in Quebec (other than CHSLD, low-rental housing, hotel establishments or rooming house leased for a period of less than 60 consecutive days) for which rent was paid or was payable on December 31, 2015. (French version only)
Tax Bulletin – Are Inter-Corporate Dividends Always Tax-Free?
Significant changes have been proposed concerning a provision of the Income Tax Act regarding tax-free inter-corporate dividends. As a result of these changes, several inter-corporate dividends, which were previously tax-free, could now be taxed as capital gains.