Canada 2016 budget in Quebec | KPMG | GLOBAL

Canada: Tax provisions in Quebec’s 2016 budget

2016 budget in Quebec

Quebec’s Minister of Finance and the Economy on 17 March 2016 delivered the province’s 2016 budget. Among the tax changes in the budget are the following measures:


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  • A reduction of the health contribution and its revocation in 2018
  • A reduction of the health services fund contribution for small and medium-sized businesses
  • Introduction of a deduction for innovative manufacturing corporations that lowers the tax rate to 4%
  • A new temporary refundable tax credit for major digital transformation projects
  • Changes to other tax credits


Read a March 2016 report [PDF 93 KB] prepared by the KPMG member firm in Canada: Highlights of the 2016-2017 Quebec Budget

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