Tax Credit
Tax Credit for the Reporting of Tips - Businesses
A company may, under certain conditions, claim a tax credit for payroll taxes it is obligated to pay for eligible employees on the basis of tips they received or the tips that have been distributed to them. To qualify, an employee must receive tips directly or indirectly in the exercise of its functions in an establishment under the hotel or catering industry.
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- Québec. Revenu Québec
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- Last updated 3 years ago
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Description
A company may, under certain conditions, claim a tax credit for payroll taxes it is obligated to pay for eligible employees on the basis of tips they received or the tips that have been distributed to them. To qualify, an employee must receive tips directly or indirectly in the exercise of its functions in an establishment under the hotel or catering industry.- The rate of this tax credit is 75% of social charges that the company is required to pay.