Canada: Tax measures in 2020 economic and fiscal update (Quebec)

Canada: Tax measures in 2020 economic and fiscal update

Quebec’s Minister of Finance delivered the province’s 2020 economic and fiscal update alongside a seven-page information bulletin of related fiscal measures.


The economic and fiscal update does not reflect any changes to the provincial corporate or individual (personal) tax rates and does not introduce any significant tax measures.

The Quebec information bulletin reflects the following tax measures.

  • The credit on employer contribution to the health services fund (the HSF credit) for employees on paid leave during the coronavirus (COVID-19) pandemic is extended. As a result, the credit granted to eligible employers that qualify for the Canada emergency wage subsidy (CEWS) is extended to 19 December 2020.
  • The refundable tax credit for Gaspésie and certain maritime regions of Québec is extended to 31 December 2025 (the eligibility period for this tax credit was initially scheduled to end 31 December 2020).
  • Exemptions allowed for the purpose of calculating the premium payable under the public prescription drug insurance plan are adjusted.
  • The annual premium payable by an adult individual is determined on the basis of family income, from which an exemption amount is subtracted. The information bulletin shows the amount of each of the allowable exemptions for 2020, according to household composition.

Read a November 2020 report prepared by the KPMG member firm in Canada

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