Quebec Bill 146—containing measures from Quebec’s 2017 budget and various information bulletins—on 7 December 2017 received Royal Assent.
Corporate tax measures in the Quebec legislation include changes to:
Individual (personal) tax measures include a decrease to 15% (down from 16%) in the first bracket of the individual income tax rate, and the personal tax credit rate was reduced to 16% (from 20%). Both measures apply retroactively from 1 January 2017.
Read a December 2017 report prepared by the KPMG member firm in Canada
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