Canada: Quebec budget bill enacted, changes to tax credits

Budget bill enacted in Quebec

Quebec Bill 69 includes changes to certain tax credits and received Royal Assent on 4 December 2015.

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Among the tax credit changes are measures that:  

  • Provide a two-year extension of the tax credit for the integration of information technologies in manufacturing SMEs  
  • Enhance the tax credit for experienced workers 
  • Standardize the tax credit rates for SR&ED (i.e., research) and introduce an excluded expense amount for the purpose of computing the credits 
  • Revise the refundable tax credit for the development of e-business  
  • Revise the solidarity tax credit terms 
  • Increase the tax credit rate for on-the job training

 

Read a December 2015 report prepared by the KPMG member firm in Canada: Quebec Budget Bill 69 Receives Royal Assent 

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