Québec government mini-budget – Overview of the tax measures

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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 >