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Taxation

Les bienfaits économiques d’une réduction de l’impôt sur le revenu

Quebecers are the most heavily taxed citizens in North America. The top marginal personal tax rate is higher than in any other province, and hits the Quebec taxpayer beginning at the relatively low income of $53 405. In fact, the top marginal rate is reached faster in Quebec than in any of the G-7 countries. The promised reduction could correct this situation by reducing marginal rates by one third. The time is right to implement a real tax reform in Quebec.

Quebec’s Tax and Regulatory Burden

In his inaugural address opening Quebec’s 37th legislature, newly elected Premier Jean Charest stated that taxes must be lowered not just for the pleasure of it but “because it is necessary, because our tax load is an obstacle to our development.” What exactly is the current situation? What is the weight of this tax and regulatory burden that people in Quebec are forced to bear?

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