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Finance Minister Carlos Leitão presented the 2014-2015 Quebec Budget on June 4 , stating: “With Budget 2014-2015, the government is taking the first step on the critical path we must travel to finally restore fiscal balance.” This budget includes a mix of spending cuts and incentives. The tax measures you will find particularly interesting include:
A 20% reduction in the rates of tax credits - A 20% reduction in rates is applied to approximately 30 business tax credits that are within the Quebec tax system.
A manufacturing SME tax rate reduction - A reduction of the tax rate for manufacturing SMEs on their first $500,000 of taxable income:
Categories:Tax
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Related Topics:Budget Announcements