THE QUÉBEC ECONOMIC PLAN

[Pages:280]March 2018

ADDITIONAL INFORMATION

2018-2019

THE QU?BEC

ECONOMIC PLAN

Budget 2018-2019 Additional Information 2018-2019

Legal deposit ? March 27, 2018 Biblioth?que et Archives nationales du Qu?bec ISBN 978-2-550-80933-3 (Print) ISBN 978-2-550-80934-0 (PDF)

? Gouvernement du Qu?bec, 2018

ADDITIONAL INFORMATION

Section A Additional Information on the Fiscal Measures

Section B Plan to Ensure Tax Fairness

Section C Cannabis Framework

Section D Report on the Application of the Legislation Respecting a Balanced Budget and the Generations Fund

Section E Measures That Require Legislative Amendment

Section F Qu?bec's Budgetary Statistics

Section G Sensitivity Analysis of Economic and Fiscal Variables

Section H Support for the Taxi Industry

Section A

A ADDITIONAL INFORMATION ON THE FISCAL MEASURES

1. Measures relating to the Qu?bec sales tax and e-commerce................................................................................... A.5

1.1 Mandatory registration ......................................................................... A.7 1.2 Applicable concepts ............................................................................. A.9 1.3 Other measures ................................................................................. A.11 1.4 Application dates................................................................................ A.14

2. Measures concerning individuals ...............................................A.15

2.1 Introduction of a first-time home buyers' tax credit............................ A.15

2.2 New extension, to March 31, 2019, of the eligibility period for the R?noVert tax credit ...................................................................... A.19

2.3 Greater access to the tax shield ........................................................ A.22

2.4 Enhancement of the tax credit for experienced workers ................... A.22

2.5 Changes to the refundable tax credit for informal caregivers of persons of full age ......................................................................... A.27

2.5.1 More flexible refundable tax credit conditions to further recognize informal caregivers ................................... A.29

2.5.2

Recognition of nurse practitioners respecting certifications required for the purposes of the refundable tax credit for informal caregivers of persons of full age ................................................................ A.32

2.6 Enhancement of the refundable tax credit for volunteer respite provided to informal caregivers.............................................. A.33

2.7 Enhancement of the refundable tax credit for the acquisition or rental of property intended to help seniors live independently longer ......................................................................... A.36

2.8 Broadening of the tax credit for persons living alone, in order to encourage intergenerational cohabitation ..................................... A.38

A.1

2.9 Enhancement of the refundable tax credit for childcare expenses............................................................................................ A.40

2.9.1 Increase in the annual limits applicable to childcare expenses .............................................................................. A.41

2.9.2 Adjustment of all annual limits applicable to childcare expenses ............................................................... A.42

2.10 Extension of the tax credit for a first major cultural gift ...................... A.42

2.11 Correlative amendments respecting the implementation of the Aim for Employment Program...................................................... A.43

2.12 Change to the rates of the dividend tax credit ................................... A.47

3. Measures concerning businesses.............................................. A.49

3.1 Tax relief for small and medium-sized businesses (SMBs)............... A.49

3.1.1

Gradual reduction of the Health Services Fund contribution rate for all small and medium-sized businesses ............................................................................ A.49

3.1.2 Standardization of the tax rates for SMBs ............................ A.60

3.2 Replacement of the additional capital cost allowance of 35% by an additional capital cost allowance of 60% ................................. A.63

3.2.1 Introduction of the additional capital cost allowance of 60%................................................................................... A.63

3.2.2 Elimination of the additional capital cost allowance of 35%................................................................................... A.66

3.3 Broadening the sectors of activity eligible for the tax holiday for large investment projects.............................................................. A.66

3.4 Enhancement of the refundable tax credit for on-the-job training periods .................................................................................. A.69

3.5 Introduction of a refundable tax credit to encourage qualifying training for workers employed in SMBs ............................. A.74

3.6 Introduction of a refundable tax credit to support the digital transformation of print media companies........................................... A.77

3.7 Change to the refundable tax credit for film dubbing ......................... A.85

3.8 Changes to the refundable tax credit for Qu?bec film or television production .......................................................................... A.86

3.8.1 Eligibility of online-only productions...................................... A.86

3.8.2 Excluded amounts of assistance .......................................... A.90

3.9 Change to the refundable film production services credit.................. A.91

3.10 Change to the refundable tax credit for the production of multimedia events or environments presented outside Qu?bec............................................................................................... A.92

A.2

3.11 Extension of and changes to the refundable tax credit for the production of ethanol in Qu?bec ........................................................ A.93

3.12 Extension of and changes to the refundable tax credit for cellulosic ethanol production in Qu?bec ............................................ A.95

3.13 Extension of and changes to the refundable tax credit for the production of biodiesel fuel in Qu?bec .............................................. A.98

3.14 Introduction of a temporary refundable tax credit for pyrolysis oil production in Qu?bec ................................................... A.100

4. Other measures..........................................................................A.105

4.1 Changes to various parameters of Capital r?gional et coop?ratif Desjardins ....................................................................... A.105

4.2 Temporary maintenance of the increased rate of the tax credit in respect of the acquisition of shares in Fondaction............. A.114

4.3 Adjustments to the compensation tax for financial institutions ........ A.116 4.4 Introduction of an environmental studies allowance in the

Mining Tax Act ................................................................................. A.124 4.5 Temporary increase in the refundable tax credit for holders

of a taxi driver's permit..................................................................... A.127

5. Federal legislation and regulations ..........................................A.131

5.1 Harmonization with News Release 2017-124 of the Department of Finance Canada....................................................... A.131

5.2 Harmonization with certain measures announced in the federal budget of February 27, 2018 ............................................... A.132

A.3

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