Highlights of the 2017 Quebec Economic Update | KPMG | CA

Highlights of the 2017 Quebec Economic Update

Highlights of the 2017 Quebec Economic Update

Quebec’s Minister of Finance Carlos Leitão delivered the update on the province’s economic and financial situation.

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The update, which was released on November 21, 2017, introduces proposed legislation to reduce Quebec personal income tax rate for the first tax bracket to 15% (from 16%) for taxable income not exceeding $42,705, and the rate applicable for the calculation of personal tax credits will be lowered to 15% (from 16%), retroactively to January 1, 2017.

Download this edition of the TaxNewsFlash to learn more.

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