Quebec large businesses reimbursing employee expenses: New QST refund rules

To help you understand the implications of Quebec’s new sales tax rules regarding large businesses seeking reimbursement for their employees’ expenses, Chartered Professional Accountants of Canada (CPA Canada) is providing you with access to this informative article on the topic from Grant Thornton LLP.

Quebec recently changed its sales tax rules for large businesses: they can no longer claim input tax refunds (ITR) for Quebec sales tax (QST) by using the current five per cent optional administrative method for employee expense reimbursements.

Find out more about this development and what it may mean for your accounting clients with this Grant Thornton article, “Reminder: Quebec sales tax refunds for large businesses: Employee expenses.”  Published January 2014, it explains the new method for claiming this ITR and the types of expenses that constitute a personal expense.