Article Posted date
12 March 2024
Quebec’s Finance Minister Eric Girard delivered the province’s 2024 budget on March 12, 2024. The budget anticipates a deficit of $4.2 billion for 2023-24 and projects deficits of $8.8 billion for 2024-25 and $6.3 billion for 2025-26. Although the budget does not include any new changes to the corporate or personal tax rates, it introduces changes to the refundable tax credit granting an allowance to families and to the tax credits for the development of e-business. The budget also includes various changes to other corporate tax credits and announces a gradual elimination of the rebates on the purchase of electric vehicles.
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