Québec government mini-budget – Overview of the tax measures

As part of his fall 2021 Update on Québec's Economic and Financial Situation presentation, the Minister of Finance, Eric Girard, announced various initiatives, in particular the following tax measures:

• Implementation of a refundable tax credit granting an exceptional allowance to mitigate the cost-of-living increase
  A one-time lump-sum financial assistance amount will be paid to low- and middle-income earners, for a maximum of $400 per couple.

• Enhancement of the refundable tax credit for senior assistance
  The senior assistance amount for people aged 70 and over could reach $800 per couple.

• Changes to the refundable tax credit for childcare expenses
  • The rates table for the tax credit will be improved so that the minimum rate will be increased from 26% to 67% and the maximum rate, from 75% to 78%.
  • The annual limit for childcare expenses will be increased to $10,400 for children under 7 years of age and to $14,230 for children with a severe and prolonged impairment in mental or physical functions.
  • The issuance of an RL-24 slip will become mandatory for all eligible childcare expenses.

Find all the details in the Ministère des Finances bulletin >