Published | Categories : Income tax - individuals, Income tax - businesses, Tax avoidance

Mandatory Disclosure of Nominee Agreements

As stated in information bulletin 2019-5, which was published on May 17, 2019, the parties to a nominee agreement made as part of a transaction or series of transactions have the obligation to disclose it to Revenu Québec by filing an information return.

The return must be filed by:

  • the 90th day following the date the nominee agreement was concluded, if it was concluded on or after May 17, 2019; or
  • September 16, 2019, if the nominee agreement was concluded before May 17, 2019, and the tax consequences of the transaction or series of transactions to which the nominee agreement relates continue on or after May 17, 2019.

For more information, see information bulletin 2019-5.

Filing deadline extension

To maximize compliance with the new obligation, Revenu Québec is extending the deadline for filing the information returns from September 16, 2019, or the 90th day following the conclusion of the nominee agreement, to the later of the following dates:

  • the 90th day following the conclusion of the nominee agreement; or
  • the 90th day following the day the bill introducing the new measures receives assent.

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