On Tuesday, March 10, 2020, the Government of Quebec delivered
its 2020-2021 Budget. While major investments were
announced in several sectors, notably with respect to promoting
public transit and electric vehicles, no changes were made to
personal and corporate tax rates. In addition to major
announcements in the areas of health, education, culture and
regional economic development, the Budget introduces several
measures to stimulate Quebec business development. Moreover, the
government is maintaining its efforts to ensure tax fairness and
the integrity of the tax system.
Below are a few of the proposed tax measures for businesses.
- New tax credit for
investments and innovation – This tax credit
replaces the tax credit for investments relating to manufacturing
and processing equipment and is refundable in some cases. It
applies in respect of expenses incurred after the day of the Budget
speech (but before January 1, 2025) for the acquisition of
manufacturing and
