Canada: Tax measures in 2022 budget (Quebec)

Refundable tax credits

Refundable tax credits

The 2022 provincial budget for Quebec was delivered 22 March 2022.

  • The budget does not include any corporate or individual (personal) tax rate changes.
  • The budget does introduce a refundable tax credit granting a one-time amount to mitigate the increase in the cost of living and a refundable tax credit for the production of biofuel in Quebec.
  • The budget also contains a one-year extension of the temporary increase in the tax credit relating to investment and innovation and would extend the eligibility period for certain other credits.
  • There are other tax-related proposals.

Read a March 2022 report [PDF 218 KB] prepared by the KPMG member firm in Canada

 

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