Quebec finance minister announces personal income tax cuts
Quebec’s finance minister announced personal income tax cuts and increased funds for health and education on Tuesday and immediately denied the moves had anything to do with next year’s provincial election.
“We are announcing today further tax reductions because we started doing that already last year,” said Carlos Leitao. “This year we’re adding another $1 billion. And if we do it now, it’s because we can do it now.”
The government says a family of two adults and two children that earns $88,000 a year will see a tax reduction of $1,200, which includes the abolition of a health fee as well as the introduction of money earmarked for school supplies.
A single person who earns $44,000 will save an estimated $500.