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As reported earlier this month in our blog, Finance Quebec announced, on May 17, 2019, measures to fight aggressive tax planning. One of these measures is to require the disclosure of prête-nom agreements. To know more about the requirements surrounding prête-nom agreements, please consult my previous article.

Finance Quebec has just provided an extension to the original obligatory reporting dates. Regardless of when, the prête-nom agreement was executed, all prête-nom agreements must now be disclosed upon the later of 90 days following the execution of the prête-nom agreement or 90 days after the bill introducing these measures has become law.

These proposed provisions have not yet become law. You should also note that at this time, the prescribed form (dealing with the exact information which must be disclosed) has not been published.

Note: the author would like to thank Hyacinthe Huguet, articling student, for his precious help.