ARTICLE · 09 JUNE 2014

Highlights Of The Quebec Budget 2014-2015

Norton Rose Fulbright Canada LLP

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On June 4, 2014, Carlos J. Leitão, Quebec Minister of Finance, tabled his government’s first budget, which includes a number of tax measures for business.

CanadaTax

Bernard Gaudreau

Sébastien Gingras

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On June 4, 2014, Carlos J. Leitão, Quebec Minister of Finance, tabled his government's first budget, which includes a number of tax measures for business.

The following is a summary of the principal budget measures announced. However, these measures do not have force of law until they are enacted by the National Assembly.

In addition to the various tax measures announced, the Minister of Finance expects to create the Québec Taxation Review Committee to make recommendations to the government on personal and corporate taxation. The government will announce the details of the committee's membership and its terms of reference shortly.

Measures relating to business

The tax rate for manufacturing SMEs is reduced

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