Measures for businesses

Support SMEs and encourage the private sector to accelerate its investments, notably by reducing the tax on capital.

• Immediate assistance for SMEs
• Stimulation of private investment
• Pursuing and stepping up of efforts in favour of the resource regions
• Support for the agri-food industry

 
Immediate assistance for SMEs

The current economic situation directly affects SMEs, which may have to contend with liquidity problems. In addition, it has become even more difficult for them to obtain financing. The government thus announces:

• support for SME working capital;
• the creation of La Financière du Québec, an organization devoted to the financing of SMEs.

 
Stimulation of private investment

Private investment, and thus jobs, depend largely on the tax treatment to which businesses are subject. The government:

• is introducing a reduction of the tax on capital;
• is announcing improved assistance for the new economy;
• is proceeding with the enhancement of the FAIRE program.

 
Pursuing and stepping up of efforts in favour of the resource regions

Since the current situation affects the economy of the regions specifically, the government is introducing improvement measures for the resource regions.

 
Support for the agri-food industry

In light of concerns regarding food safety, the government is providing funding for the implementation of HACCP standards in all regions of Québec.

To find out more PDF documents Budget Speech ACTION — The Government’s Action Plan and Economic Policy Section 1 - Responding to a Challenging Situation