Canada Revenue Quebec Clarifies Mandatory Electronic Tax Filing Rules

The Canadian Revenue Quebec Dec. 4 clarified mandatory electronic tax filing rules, effective Jan. 1, 2024. The clarification includes: 1) a reduction in the mandatory electronic tax payment threshold to C$10,000 (US$7,368) from C$50,000 (US$36,841); 2) mandatory electronic filing of consumption tax returns for all GST/HST and Quebec sales tax (QST) registrants; 3) the reduction, to six from 51, in the threshold number of information returns per year for mandatory electronic filing, for income source deductions and employer contributions; and 4) penalties for noncompliance. [Canada, Revenue Quebec, 12/04/23]

Reference: View New E-Filing Requirements for Consumption Taxes. View Lowered Threshold ...