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.
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References in periodicals archive ?
An executive tax briefing could also arm you with the appropriate knowledge to welcome tax reform.
"I welcome tax benefits for middle and lower income groups.
That's despite Friday's findings that after his manifesto leaked seven in ten voters back scrapping zero hours contracts, half support renationalising the railways and energy industry, and 65 per cent welcome tax hikes on those earning over PS80,000 a year.
Intelligent year-end tax planning can generate welcome tax savings for clients -- not just on 2015 returns, but in future years, as well.
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.
"The relief for disadvantaged areas has been extended to commercial property, which will be a welcome tax saving," Louisa added.
Only a few days before it was to take effect, the Cuban government has abandoned plans to charge arriving air passengers a so-called "welcome tax" for carry-on and other luggage weighing more than 20 kilograms.
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.