Ministère des finances du Québec
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FOR A QUÉBEC THAT IS COMPETITIVE IN NORTH AMERICA

This year, eight other Canadian provinces reduced their taxes.

Progress is being made in regard to the goal of reducing Quebecers’ taxes to the Canadian average.

Thanks to this budget, only four provinces will have lower income tax than Québec.

| DISCIPLINE AND TRANSPARENCY | TAX REDUCTION | INVESTMENT AND EMPLOYMENT |
| RENOVATION OF SCHOOLS, HOSPITALS AND ROADS | REDUCTION OF THE DEBT |
| MANAGEMENT OF QUEBECQUERS' MONEY | MODERNIZATION OF GOVERNMENT |


1. Recognizing the value of work by reducing taxes

Lowering taxes is necessary to:

  • adequately reward Quebecers’ efforts;
  • raise the standard of living of families;
  • encourage skilled workers to live and work in Québec;
  • encourage businesses to invest in Québec.

More money for the middle class

A general tax reduction of $950 million as of January 1, 2008

25% increase in the income thresholds of the tax table.

$275-increase in the basic amount.

A gain of up to nearly $2 000 for a family of two adults and two children.

A gain of nearly $1 000 for a person living alone.

2008 TAX REDUCTION IN PERCENT