Quebec’s Minister of Finance Éric Girard has delivered the fall update on the province’s economic and financial situation.
Quebec's Minister of Finance Éric Girard has delivered the fall update on the province's economic and financial situation alongside a 13-page information bulletin of related fiscal measures. The update, which was released on November 7, 2019, enhances the refundable tax credit for child assistance, eases access to the Solidarity tax credit for individuals receiving financial assistance, and increases the income threshold for individuals to be exempt from paying premiums under the province's Public Prescription Drug Insurance Plan. The update also reduces daily parking rates at hospitals, long-term care centres (CHSLD) and local community service centres (CLSC), and re-introduces a single reduced rate for subsidized childcare services.
In addition, the update announces a change to qualify for deferral of tax on a deemed disposition of shares of qualified public corporations upon the 21st anniversary of a trust or on a person's death.
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