This change, which is effective for corporations’ taxation years starting after April 29, 2026, comes with a corresponding increase in Quebec’s tax rate on non-eligible dividend income. Quebec announced this change in an Information Bulletin on April 29, 2026, which also notes that Quebec will harmonize with certain federal tax measures included in federal Bill C-15, including technical amendments to the excessive interest and financing expenses limitation (EIFEL) rules, changes to the to the trust reporting rules, amendments to the alternative minimum tax (AMT) and the loss carryback time extension for a deceased taxpayer’s legal representative.
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