Reminder: The Quebec Sales Tax Rate Increased Effective January 1, 2011
Effective January 1, 2011, the Quebec sales tax (QST) rate increased from 7.5% to 8.5%. Have you updated your computerized systems to reflect this change? Are you charging the right amount of QST to your Quebec based customers/clients?
For more information about the QST rate increase, please go to the Quebec Ministry of Revenu e web-site. Quebec has issued statements that may be helpful to you.
Please note that the QST rate is nominally 8.5%, but is also applied to federal 5% GST. The effective QST rate is 8.925%. The QST rate will increase to 9.5% (effective provincial rate 9.975%) on January 1, 2012.
Cyndee Todgham Cherniak is counsel to and in affiliation with the International Trade Law and the Tax Law (Commodity Tax