Quebec’s finance minister, Michel Audet, today announced various adjustments to its tax system to improve harmonization with the federal system.

The adjustments are mostly of a technical nature, it says, adding that they are designed to make the tax system, “more consistent, ensure its integrity and recognize certain special situations.”

“The minister also announced certain harmonization measures with the federal legislation, including those relating to flow-through entities, i.e. income trusts and partnerships listed on a securities exchange, and those relating to retirement income splitting.”