Canadian tax alert: 2019-2020 Quebec budget highlights

Published on: Mar 21, 2019

Finance Minister Eric Girard tabled the 2019-2020 Quebec budget, the first from the Coalition Avenir Québec government, entitled “Your priorities, your budget.”

For 2018-2019, the Minister is announcing a $2.5 billion surplus, which will be allocated to the stabilization reserve. The budgetary balance, within the meaning of the Balanced Budget Act, will be nil after the reserve. This balance takes into account the $3.1 billion payment into the Generations Fund.

For the 2019-2020 to 2023-2024 fiscal years, the government projects that the budget will remain balanced without having to use the stabilization reserve.

The Minister explained that the budget is undertaking major initiatives designed to address the concerns of the population and implement a long-term vision. The government’s actions are prioritizing health, education and the economy, but measures are also being taken to reduce the tax burden on taxpayers, accelerate the transition to a greener economy, and improve support for communities.

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