The tax situation in Quebec is advantageous in regards of the low tax rates and its high competitiveness in terms of job creation and capital investments.

Tax on corporations

Tax rate – 2006
Federal 22.12    
Provincial 9.90    
 

Goods and Services Tax (GST)   

The Canadian GST resembles the value added tax in effect in member countries of the European Economic Union. A company collects the GST from its clients; this corresponds to the result of the sales price of the taxable product or service multiplied by the tax rate of 5%. However, the company generally has a right to receive a refund or credit for the GST paid on products or services purchased for its commercial activities.    
       

Quebec Sales Tax (QST)    

The QST rate is 7.5% and applies to the sales price including the GST. As with the GST, businesses can generally be refunded for the QST paid on their purchases.

Furthermore, in the interest of simplifying the administration of consumption taxes, Quebec was the first Canadian province to harmonize its sales tax with that of the federal government. With respect to consumption taxes, therefore, Quebec companies now deal with a single level of government.
 

Municipal Taxes and Permits    

Municipal taxes are payable to the Town of Bécancour. They are based on data that appears on the assessment roll and are revised every 4 years.

The PROPERTY TAX is $1.27 for each $100 of assessment for residential properties, $1.346 for each $100 of assessment for commercial and agricultural properties and is $1.615 for each $100 of assessment for the industrial properties. The property assessment represents the market value of real estate.

The BUSINESS TAX is 6% of the rental value. The rental value of a business facility is based on the gross annual rental income that could be obtained by renting the establishment.

CONSTRUCTION PERMITS are issued based on $1.00 for each
$1000 of work carried out (minimum $25, maximum $5000).
          

School Taxes  

SCHOOL TAXES are payable to the Commission Scolaire La Riveraine and amount to $0.35 for each $100 of property assessment as indicated on the assessment roll.