Quebec slashes income taxes in new budget and promises more public spending

By WNews 1 Min Read

The Quebec government is plowing ahead with one of the largest tax cuts in the province’s history. 

The tax cut is the big ticket item in the 2023-24 budget, which Finance Minister Eric Girard presented at the National Assembly on Tuesday.

Girard used this budget, the first since the CAQ government was re-elected last fall, to introduce the tax cut and increase government spending while maintaining a promise to balance the budget within five years. 

“It’s really a balance,” he said. “I think we found the right compromise.”

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The tax cut will reduce the lowest two tax rates by one per cent. It’s a

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