Quebec has one of the highest top personal income tax rates of any province or U.S. state.
quebec economy
Ontario plans to add approximately $34 billion in new debt over the next three years.
The province posted a $2.2 billion surplus in 2015/16.
There are times when a problem can be solved with a small fix and perhaps a little tinkering. And there are times when a big fix or fundamental reform is needed. Quebec’s government finances fall into the latter category.
« Nous voulons que les Québécois paient moins d’impôt et de taxes », a affirmé Philippe Couillard, premier ministre du Québec en attendant que la commission spéciale chargée d’améliorer la compétitivité du régime fiscal provincial dépose ses recommandations. La déclaration du premier ministre est un signe positif : on commence à entrevoir la possibilité d’un changement.
“We want Quebecers to pay less tax and taxes,” said Quebec’s premier Philippe Couillard, in advance of recommendations from a special panel tasked to make the province’s tax system more competitive. The window for change appears to be opening, and the premier’s statement is a positive sign.