Quebec’s Finance Minister on 10 March 2020 delivered the province’s 2020-2021 budget.
The budget proposes no changes to the individual (personal) or corporate tax rates.
The budget proposes tax relief measures for certain investments and innovation projects. For instance, the budget includes a refundable tax credit for investments and innovation to be granted to a qualified corporation that acquires, after 10 March 2020 and before 1 January 2025:
Another tax relief item would be a “tax holiday” for a maximum of 15 years for large investment projects. The tax assistance relating to a large investment project could not exceed 15% of the total qualified capital investments relating to the project, determined on the date that the tax-free period begins.
Read a March 2020 report [PDF 240 KB] prepared by the KPMG member firm in Canada
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