2021 Quebec Economic and Financial Update
2021 Quebec Economic and Financial Update
Québec Finance Minister Eric Girard released the Update on Quebec’s Economic and Financial Situation on November 25, 2021.
On November 25, 2021, Quebec Finance Minister Eric Girard delivered the Fall 2021 Update on Quebec’s Economic and Financial Situation.
No tax rate changes were announced, but the Government announced several initiatives to help support the cost of living, combat labour shortages and stimulate economic growth, and continue efforts to strengthen the healthcare system.
Tax measures announced include:
- Enhancing the refundable tax credit for childcare expenses for parents of children that attend non-subsidized daycare
- Enhanced assistance for seniors through the refundable senior assistance tax credit (effective 2021) and refundable tax credit for home support services (effective January 2022)
More details and highlights of the Quebec Fall 2021 Update can be found here.
Insights
-
Confidence
November 30, 2021
The Board Imperative: Purpose-driven leadership
Executive boards have a responsibility to ensure that their company’s purpose is well-defined, fully integrated with strategy, and clearly understood at all levels of their organization.
-
Agility
How to automate your bookkeeping (successfully)
Is there an easy way to automate your finances? Take it one step at a time, Shayne Dueck, National Leader, ease, says in this latest insight.
-
Performance
November 25, 2021
Dealership investments in captive insurers and Form T1134: Filing requirements
Dealership investments in non-resident insurance and reinsurance corporations are subject to increasingly complex tax reporting requirements. Non-compliance penalties can add up quickly.
