Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [quebec]

Quebec is a province in east-central Canada. It is the only Canadian province that has a predominantly French speaking population and French as the sole official language at the provincial level.

Quebec is Canada's largest province by area and its second-largest administrative division; only the territory of Nunavut is larger. It is bordered to the west by the province of Ontario, James Bay and Hudson Bay, to the north by Hudson Strait and Ungava Bay, to the east by the Gulf of Saint Lawrence and the provinces of Newfoundland and Labrador and New Brunswick. It is bordered on the south by the US states of Maine, New Hampshire, Vermont, and New York. It also shares maritime borders with Nunavut, Prince Edward Island, and Nova Scotia.

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Capital gains taxes on share of inherited property?

I along with my cousins just sold some real property located in in Quebec that was inherited from our grandfather to our parents, and then to us. I received a 1/8 share of the proceeds which amounts to about $40,000.00. I live in the United States…
Elaine Gewirtz
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In Quebec, what kind of financial assistance might be available to an unemployed single mother with kids?

My husband will be separating from me in a couple of months. I am unemployed and have two kids both under the age of 6. Is there a single mother's compensation? Especially in my situation where I am unemployed.
Melanie
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Is DIY car repair work deductible in any way when self-employed?

I am self-employed and I am proficient at repairing vehicles. I use my vehicle exclusively for work: my customers ask me to drive to one of their customer's location and I provide a service on site. I charge my customers for the work and the transit…
user65384
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When is it necessary to apply taxes for web freelancing services in Quebec, Canada?

When is it necessary to apply taxes for web freelancing services in Quebec, Canada?
Alerty
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Ontario HST rebate: I live in Quebec. Are the rebate cheques for Ontario residents only?

HST cheques are for Ontario residents only? Thought it was Canada. I live in Quebec. So we don't receive a cheque? But will have to pay the HST on all items purchased?
ml
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When I stop driving for 2 years, should I put myself as a secondary on my mom's car to keep premiums low?

I live in Montreal, QC, Canada and I have little use for my car. I'd like to save money by getting rid of it and the expensive insurance. I've heard gaps in insurance history will lead to higher rates if I get a car again. [IMO this should be…
Sophie McCarrell
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When to apply for RRQ (Régie des rentes du Québec) benefits: earlier, age 65, or later?

My 60 yr old spouse just retired on RREGOP. Should she wait until she's 65 to take RRQ (Régie des rentes du Québec), or even 70, or should she take it now, early, at 60? I am semi retired myself. I do make a salary. Should I also take my RRQ now…
user9052
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How do I properly lend personal money to my own company in Quebec?

I want to finance my company with my personal money (to buy some stuff). What is the best way to do that in an accounting point of view?
Mehdi
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What is your effective tax rate if you work from home in Montreal for a company in Toronto?

What is your effective tax rate if you work from home in Montreal for a company in Toronto ? Does Quebec Tax abatement of 16.5% apply ?
Wizard Programming
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Are employer contributions to RRSP part of one's own contributions in tax forms?

Context: working for a company in Quebec (Canada) that matches RRSP contributions. When contributing to one's RRSP, the company contributes an additional amount on top (a percentage of the employee contribution up to a fixed amount). In tax…
Joan Rieu
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quick method of accounting in QuickBooks online

I use QuickBooks online for accounting. For collecting sales taxes I choose Quick method. But I don't know how I can use it in QuickBooks online. I found the following question on Quickbooks forum: client enters sales and expenses net of HST to…
Alexan
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Extra money - pay mortage or invest?

Our situation: Both 28 years old Both working full time with stable jobs No debts (no student loans, cars are paid, etc.) except a 80$/month 0% interest 2 years loan for home furnitures. Family income: about 130 000$/year + few government benefits…
user76558
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How does credit rating work in Canada?

I would like to understand how to model to evaluate if credit score is different in Canada from the USA. I just finished paying some debt on a 0% credit card and I have no more use of this card (and another one). Both the card are my newest. Closing…
Rémi
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T4 and RL-1 (Employment Income)

I'm filling my tax return using ufile. For T4 and Employment Income they have two options: T4 and RL-1 (Relevé 1) income earned in Quebec T4 and RL-1 (Relevé 1) with CPP contributions What is difference? Which one should I fill out?
Alexan
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Are business sales tax calculated before or after the bank and other fees in Quebec and Canada?

I am preparing to file sales tax for a new business I have set up in Quebec, Canada. Currently it's only operating in the province of Quebec. Let's say I charge a customer $100 and Quebec and Canada sales tax is 14.975% so that would be $114.975.…
Umair A.
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