Starting January 1, 2018, input tax refund (ITR) restrictions for large businesses will be phased out.

Large businesses will be entitled to claim ITRs on goods and services subject to the restrictions at the following rates:

• 25% for 2018;
• 50% for 2019;
• 75% for 2020;
• 100% for 2021 onward.

On January 1 of each year, QST that has been paid or becomes payable for acquisitions of goods and services subject to the restrictions can be included (at the applicable rate for the year) in the calculation of the large business's ITRs.

For general information about:

• allowances for expenses subject to the restrictions, click Allowances;
• taxable benefits related to goods and services subject to the restrictions, click Employee Benefits;
• the trade-in of a road vehicle subject to the restrictions, click Purchaser Not Required to Collect the GST or QST (or Calculate the QST);
• the reimbursement of expenses that are incurred by employees and subject to the restrictions, click Reimbursements;
• the QST on goods and services subject to the restrictions that must be remitted upon the cancellation of QST registration, click Paying GST and GST on Property in Your Possession at the Time of Cancellation;
• motor vehicles at the disposal of a dealership's employees and clients, click Use of Courtesy or Demonstration Vehicles.

For more information, consult interpretation bulletin TVQ. 206.1-10, Particulars regarding the phasing out of the ITR restrictions applicable to large businesses that is to begin on January 1, 2018, on the Publications du Québec website.