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2025-2026 Québec Budget Summary

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25 March 2025
The Minister of Finance, Mr. Eric Girard, tabled his 2025-2026 budget plan on March 25, 2025, which plans to introduce a new, simplified and enhanced tax assistance system to stimulate research, innovation and commercialization, to redirect tax assistance to artificial intelligence solutions and to eliminate inefficient or little-used tax expenditures.

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U.S. Tariffs & Sustainability: What it means for Canadian businesses

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New U.S. tariffs on Canadian goods — including 10% on energy and 25% on steel/aluminum — are disrupting trade and driving up costs. Canada’s countermeasures add further pressure. This turbulence puts sustainability efforts at risk just when they’re needed most.

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Regulatory compliance: forced and child labor in the workplace

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On 1 January 2024, Fighting Against Forced Labour and Child Labour Act came into force. It aims to increase awareness, enhance transparency and promote responsible business practices.

The Act requires in-scope entities and government institutions to report annually on measures taken to identify, address, prevent and remediate the risk of forced labour and child labour within their activities and supply chains.

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Trade challenges on 2025: Tariffs, impacts and more

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7 April 2025
In light of the recent tariff increases announced by the President of the United States and other countries, as well as the potential for retaliatory measures, Forvis Mazars is launching this foreign trade microsite. This microsite will provide updated tariff information by country and/or region, offering clients the latest insights to support informed decision-making.

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What is CARM?

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The Canada Border Services Agency ("CBSA") has announced the official implementation of their Assessment and Revenue Management ("CARM") project.

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Federal tax on foreign insurance premiums: what you need to know

Forvis Mazars annonce un nouveau modèle de gouvernance et de nouveaux postes de direction

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Hervé Hélias reconduit comme président et Pascal Jauffret nommé PDG.
Un nouveau cadre de gouvernance pour soutenir une croissance durable et l’agilité.

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Tax Considerations for Canadian companies expanding to the United States

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Expanding into the U.S. market is not a straightforward decision for Canadian business owners and executives when considering the growth opportunities in the United States. One of the main challenges they face is navigating the U.S. tax rules. The initial thought of having to comply not only with the IRS but with various state and local taxing jurisdictions can be overwhelming. Therefore, understanding the key tax implications when entering the U.S. is critical to mitigating risks of non-compliance, overpayment of taxes and overreporting of tax forms.

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Returning to CDK environment: Actions your dealership Should consider

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CDK, a solution service provider for car dealerships, has announced the restoration of all services by July 4 following the security incident that occurred on June 19. It is crucial to take steps to ensure the security of your network and the integrity of your data. This article provides a list of actions to consider strengthening your dealership's security posture and preserve the traceability of financial audits. However, it is important to consult your legal advisors in relation to compliance with federal or provincial privacy laws e.g. PIPEDA.
This article is a list of action items to consider as your dealership prepares to return to the CDK environment.

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2024 federal budget summary

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On April 16, 2024, Deputy Prime Minister and Minister of Finance, Chrystia Freeland, presented Budget 2024.

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