Increase in the rate of the Québec sales tax (QST) as of January 1, 2011

We wish to inform all our customers who are in business and who are Québec sales tax (QST) and goods and services tax (GST) registrants that the rate of the QST will increase as of January 1, 2011.
Furthermore, another increase is to be expected in January 2012.

At the moment, the rate of the QST is 7.5%. As of January 2011, it will be 8.5%. In January 2012, it will be raised to 9.5%.

Measures that must be taken

  • All customers who are QST registrants will have to change the rate on their invoices. Registrants are responsible for invoicing the correct QST rate to their own customers.
  • Please remember that the QST is calculated based on the amount of the sale including the GST.
  • The rates have also changed for customers who use the Quick Method of Accounting.

We hope that you will find this information useful. Please do not hesitate to contact us if you have any questions.

Kindest regards,

Nicolas Godbout for the Impôts Ici ! inc. team

Source : Revenu Québec

Tax planning, your resolution for 2011 Quick Method of Accounting (GST/QST)

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