Revenue Quebec
Revenue Quebec is the department of the government of the Province of Quebec and Canada that sees to the collection of income tax and expenditure taxes, while insuring that each person pays a fair shares of the financing of public services, it also makes recommendations to the government with reference to monetary strategy and programs. Administers taxation-related public programs and maintain payment collection programs.
History of Revenue Quebec: Some Important Dates
The history of taxation is based with not only general history and economic history but also with political history. Few institutions have more overpoweringly affected the lives of people, their associations and their growth.
Around 1880, Quebec introduced a taxation system to charge certain direct taxes on business corporations such as banks and insurance companies. Until 1917, Quebec received all of that revenue. The federal government basically copied its tax revenue from certain consumer goods and customs duties.
In 1917, Canadians were asked to contribute to the war effort. The federal government introduced a direct tax on private income and business profits. Although this was introduced as a temporary measure, the income tax has become a stable source of revenue for the federal government. Quebec taxpayers have consequently paid federal income tax since 1917.
In 1932, Quebec began taxing prjavascript:activate_paper(11712)oceeds of corporations. From 1941 to 1946, in order to help the war attempt, the provinces withdrew from the field of taxation, leaving it exclusively to the federal government.
In 1947, Ontario and Quebec disciplined their power to collect corporation income tax and in return obtained a cutback in the federal income tax.
In 1954, the Quebec government headed by Maurice Duplessis announced its purpose to tax private