Quebec budget 2016: How the numbers break down
How will the latest provincial budget affect you? Take a look at how Quebec's 2016-2017 financial plan will impact your pocketbook, your job and your community.
Take a look at how the provincial budget will affect you
Here are the highlights of Quebec's 2016-2017 financial plan.
Take a look at how it will impact your pocketbook, your family, your job and your community.
- Quebec Budget 2016: $2B surplus, but little spending wiggle room
- ANALYSIS | Quebec budget 2016: Philippe Couillard out to prove austerity measures worthwhile
- Health tax reduction ranging from $25 to $50, depending on salary.
- Renovation tax credits for eligible eco-friendly updates, up to $10,000.
- 50 per cent reduction in annual contribution for second child in subsidized daycare (retroactively applies to 2015).
- $300 million over three years for initiatives to encourage students to stay in school.
- $70 million annually to add 70 full-time pre-kindergarden classes for four-year-olds.
- $159 million over three years for the additional of specialized staff to assist students with learning disabilities.
- $700 million over three years to renovate and upgrade schools.
- CBC INVESTIGATES | Subsidized Quebec home daycare operators face uncertain future
- Quebec parents in for 'ugly surprise' at tax time with bill for increased daycare fees
- Quebec daycare fees to climb to $20 per day for highest-earning families
- $162 million over five years for Quebec's new digital strategy to encourage e-commerce.
- Fast-tracking of changes to make it easier to transfer a family business to the next generation.
- Increased investment in Quebec's aerospace industry.
- Reducing the eligible age to 62 years for tax credits for experienced workers by 2018.
- $500 increase in annual eligible maximum for workers covered under the tax shield.
- $243.32 increase in adapted work premium maximums for households without children.
- $65 million in additional investment in three technology seed funds aimed at encouraging start-ups.
- Reduction in the Health Services Fund contribution rate for businesses with a payroll of less than $1 million.
- Changes to simplify the tax credit system for Quebec film and television production, which will translate into an additional $3.8 million in financial assistance over five years.
- $4.9 million for new initiatives to combat sexual violence and support gender equality.
- $128 million for the construction of 1,500 new affordable housing units.
- $5 million over five years for organizations that assist the urban Aboriginal population.
- Small tax credit increases for individuals who gift works of art and property to charity.
- $9 million for new crime prevention measures including after-school programs.
- $2 billion for improvements to Quebec's road network in 2016-2017.