Quebec Archives

Quebec Tax Calculators

The Quebec government provides several tax calculators for its citizens to calculate and compare tax savings.

The Disposable Income Calculator allows you to compare your tax savings from 2003 to 2008. Use the calculator to see what your disposable income might be after taxes, taking your family situation into account.

A recent change announced in the 2008 budget was to the refundable tax credit for child-care expenses. Use this calculator to see the net cost of daycare expenses depending on your situation and family

The Calculators can be found at:
http://www.budget.finances.gouv.qc.ca/budget/2008-2009/en/calcul2.asp

Government of Canada delivers on the promise of the Softwood Lumber Agreement

$467 million in export charges paid to 6 provinces

In a Canada Revenue Agency News Release, Minister of National Revenue Gordon O'Connor has announced that the CRA has distributed close to $470 million in revenue to six provinces from charges on exports of softwood lumber products destined for the U.S.

According to the release:

"The six provinces whose products may be subject to the export charge under the September 2006 Canada-U.S. Softwood Lumber Agreement (SLA) are: British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec. Exports of softwood lumber products from the Atlantic provinces are not subject to the export charge."

For more information, see:
http://www.cra-arc.gc.ca/newsroom/releases/2008/jan/nr080111-e.html

Quebec Budget 2005-06

On Thursday April 21, 2005, the Government of Quebec tabled its 2005-06 budget. While ignoring the Liberal's pre-election promise of tax cuts, the government has attempted to provide "A budget of disciplined, responsible management for economic prosperity and social justice" as its press release indicates.

The budget proposes a modest spending increase. As identified in the press release, the three main objectives of the budget are:
- staying the course on priorities: health, education, culture, family, a lighter tax burden for Quebecers and the fight against poverty;
- encouraging wealth creation to ensure, in the long term, the maintenance and development of services for the population in all regions of Québec;
- modernizing public infrastructures.

$826 million has been earmarked for injection into health services,$321 for more in education towards academic achievement and $900 million over three years for regional development.

While personal income tax reductions were proposed in the budget, the personal tax imbalance between Quebec and other provinces remains high.

For more information, you can view the press release at:
http://www.budget.finances.gouv.qc.ca/budget/2005-2006/en/Discours/compres01.asp

The full text of the budget can be found at:
http://www.budget.finances.gouv.qc.ca/budget/2005-2006/index_en.asp