By Canadian Press

Income tax cuts expected as Quebec finance minister to table budget today

Mar 21, 2023 | 1:03 AM

Quebec Finance Minister Eric Girard is scheduled to table the first budget of the Coalition Avenir Québec’s second mandate this afternoon.

Girard broke with tradition on Monday — instead of buying new shoes ahead of the budget, he announced a $5,000 donation to a Quebec City community centre.

He said today’s budget will also include $50 million for the Dr. Julien Foundation, which provides pediatric care and other services to vulnerable children.

Girard has previously said his budget for the 2023-24 fiscal year will keep the promises his party made during Quebec’s fall election campaign.

A centrepiece of the party’s election platform was a promise for an income tax cut of one percentage point starting this year on the lowest two income tax brackets. 

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The minister’s December update forecasted that the province would end the 2022-23 fiscal year with a $5.2-billion deficit and return to a balanced budget by 2027-28.

This report by The Canadian Press was first published March 21, 2023.

The Canadian Press