Ministère des Finances
Ministère des Finances
Ministère des Finances
A corporation’s main activities carried out under an outsourcing contract with a foreign financial entity may qualify for a refundable tax credit if they are carried out under certain conditions.
For main activities to be eligible, they must:
In addition, main activities carried out under an outsourcing contract must comply with applicable laws and regulations.
Main activities carried out under an outsourcing contract that may qualify as eligible activities include the following. Click on the titles or on the “+” sign to learn more about each main activity.
Know Your Customer (KYC) services include all activities relating to the search and analysis of customer information according to perceived risk (fraud, money laundering, etc.): watch list, identity and risk profile verification, etc.
Data quality control is a set of activities aimed at ensuring that the information relayed in the systems is accurate and in compliance with standards and regulations, or usable for business development purposes. This control also includes understanding causes of non- compliance and implementing solutions to address them.
Data quality control – also known as data governance – is a set of tasks related to data verification and analysis.
Corporate finance includes a range of activities related to financial disclosure, accounting and taxation.
This includes all activities used to collect information on the financial position and activities of a foreign financial entity in order to disclose it to the market, a regulator or the public. These activities require the production of summary statements about the corporation (balance sheets, income statements, etc.), accounting and budgetary documents, performance monitoring, etc.
This includes all accounting activities related to a foreign financial entity: recording of accounting transactions, validation of invoices and contracts, calculation of accrued expenses or amounts receivable, etc.
This includes all activities related to optimizing the corporation’s tax management and studying the tax impact of financial products offered to customers.
Risk management is a set of tasks designed to identify, assess, manage and monitor various risks, for example:
Risk management refers to activities that aim to reduce or control the consequences of a risk to which a foreign financial entity is exposed, for example:
Compliance services include a set of activities aimed at ensuring strict compliance with legal, regulatory and ethical frameworks as well as internal procedures relating to the execution of a transaction or a financial activity.
This includes all activities enabling a corporation to fulfil its obligation to follow sound and prudential management practices: implementation, application and updating of internal strategies, policies and procedures with regard to applicable legal, regulatory and normative requirements.
This includes all activities enabling the identification of the source and destination of funds, third parties with an interest, etc.