Quebec Finance Minister Eric Girard delivered the province's 2021-2022 Fall Economic Update on November 25, 2021 alongside a 14-page information bulletin of related fiscal measures. The update announces changes to tackle the current labor shortages and includes measures to alleviate the increased cost of living.
The update does not contain any corporate or personal tax rates changes. However, it announces the introduction of a one-time lump-sum financial assistance payment for certain individuals. It also enhances the refundable tax credit for senior assistance, amends the refundable tax credit for childcare expenses and adjusts the exemptions allowed for purposes of calculating the premium payable to the public prescription drug insurance plan.
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