Canada: Measures to harmonize with federal rules (Quebec)
Harmonization measure to limit the stock option deduction for certain employees and provide a potential deduction for employers
Quebec Bill 33
Quebec Bill 33—including a harmonization measure to limit the stock option deduction for certain employees and provide a potential deduction for employers—received first reading.
The legislation also contains:
- Measures to harmonize Quebec rules with certain federal rules
- Measures previously announced in various information bulletins published between 2020 and 2022
- Certain individual (personal) tax measures announced in the 2022 provincial budget and Quebec fall economic update
Quebec Bill 33 does not include the one-year extension to the temporary increase in the tax credit related to the investment and innovation (C3i) until 31 December 2023 (as proposed in the Quebec 2022 budget).
Read a May 2022 report prepared by the KPMG member firm in Canada
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