Quebec introduces mild income-tax cuts and projects balanced budget
QUEBEC — As governments across Canada fund services with billions in deficit spending, Quebec announced a third consecutive balanced budget Tuesday containing modest personal income-tax cuts.
Finance Minister Carlos Leitao’s penultimate budget before next year’s provincial election makes the elimination of a health tax retroactive to 2016 for Quebecers earning less than $134,000 a year.
It also hikes the first income tax bracket that is exempt from tax to $14,890 from $11,635.
In tabling the 2017-18 budget, Leitao called it prudent and said it reflects “a determination on our part to get it done.”