Income Tax Cuts Expected as Quebec Finance Minister to Table Budget Today

Income Tax Cuts Expected as Quebec Finance Minister to Table Budget Today
Quebec Finance Minister Eric Girard holds a copy of the 2023-24 budget speech as he responds to reporters at a news conference in Quebec City on March 20, 2023, Quebec Families Minister Suzanne Roy (C) and Dr. Gilles Julien look on. (The Canadian Press/Jacques Boissinot)
The Canadian Press
3/21/2023
Updated:
3/21/2023
0:00

Quebec Finance Minister Eric Girard is scheduled to table the first budget of the Coalition Avenir Québec’s second mandate this afternoon.

Girard broke with tradition on Monday—instead of buying new shoes ahead of the budget, he announced a $5,000 donation to a Quebec City community centre.

He said today’s budget will also include $50 million for the Dr. Julien Foundation, which provides pediatric care and other services to vulnerable children.

Girard has previously said his budget for the 2023-24 fiscal year will keep the promises his party made during Quebec’s fall election campaign.

A centrepiece of the party’s election platform was a promise for an income tax cut of one percentage point starting this year on the lowest two income tax brackets.

The minister’s December update forecasted that the province would end the 2022-23 fiscal year with a $5.2-billion deficit and return to a balanced budget by 2027-28.