Quebec Budget 2015-2016 Highlights

On March 26, 2015, Quebec's minister of finance, Mr. Carlos J. Leitão, tabled his government's second budget (Budget 2015-2016), which contains several tax measures for businesses.

This bulletin summarizes the key measures included in the Budget. Note that the measures contained in the Budget do not have force of law and will have to be passed by the National Assembly.

Follow-up to the recommendations of the Quebec Taxation Review Committee

In Budget 2015-2016, the government introduces several measures based on the recommendations of the Quebec Taxation Review Committee (the Committee) announced on March 19, 2015, including:

• gradually reducing the contribution rate to the Health Services Fund (HSF) for small and medium-sized businesses (SMBs) in the service sector from 2.7% to 2.25%;