Welcome Tax

Welcome Tax

An informal term for a land transfer tax in Quebec. The welcome tax is assessed on the buyer of real estate. It derives its name from Bienvenu, which is the French word for welcome and also the name of the minister who originally proposed it.
References in periodicals archive ?
In addition, we would welcome tax breaks for R&D as this should assist the innovation and modernisation of the economy.
The Chancellor will no doubt be looking for some ways of delivering good news to support struggling businesses through the recession and he may well resort to announcing some welcome tax measures.
On the face of it, for someone earning pounds 25,000 a year, it means a welcome tax saving of around pounds 350.
This past year we've seen plenty of good news as 529 college savings plans continue to provide welcome tax benefits and help families take advantage of the savings opportunity.
The relief for disadvantaged areas has been extended to commercial property, which will be a welcome tax saving," Louisa added.
For the acquiring firm the charm of switching withheld profits of the acquired company into disbursed profits mainly stemmed from the fact that this maneuver allowed partial finance of the acquisition out a welcome tax bonus cashed in with the tax authorities.
In a week when he gave welcome tax relief to English speciality beer brewers, did this gifted and complex man find himself wrestling with the temptation to do something similar for his country's greatest export?
TENANT farmers have received some welcome tax news that will help ease the financial burden on their families.
The brewers, for their part, not only provide welcome tax revenues, but are also heavily involved with research and development of cereal crops which assists the nation's all important agricultural sector.
MSAs provide new and welcome tax advantages, encourage the purchase of health care insurance, and promote health care cost consciousness," said Gus Fish, principal, State Street Global Advisors.
Many homeowners perceive the two-tier system as an welcome tax break, and in the short term that may be true.
A new range of engines are being introduced, which should result in welcome tax savings for fleet and retail buyers alike.