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Highlights of the 2018 Quebec Fall Economic Update

Highlights of the 2018 Quebec Fall Economic Update

Quebec delivered the fall update on the province’s economic and financial situation on December 3, 2018.

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Quebec delivered the fall update on the province's economic and financial situation and a 19-page information bulletin titled "Fiscal measures announced in the Update on Québec's Economic and Financial Situation and Other Measures". The update, which was released on December 3, 2018, introduces proposed legislation to harmonize the province's rules with certain tax measures announced in the Federal Fall Economic Update released on November 21, 2018. The update announces the harmonization of the accelerated investment incentive. The economic update also announces changes to the additional capital cost allowance (CCA) which was introduced in the 2018 Quebec budget as a consequence of the introduction of the accelerated depreciation announced in the Quebec economic update. The update also introduces a new permanent additional CCA of 30% to certain properties. The update also announces an enhancement to the family allowance and introduces a new senior assistance tax credit.

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