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April 22, 2005

Quebec Budget 2005-06

On Thursday April 21, 2005, the Government of Quebec tabled its 2005-06 budget. While ignoring the Liberal's pre-election promise of tax cuts, the government has attempted to provide "A budget of disciplined, responsible management for economic prosperity and social justice" as its press release indicates.

The budget proposes a modest spending increase. As identified in the press release, the three main objectives of the budget are:
- staying the course on priorities: health, education, culture, family, a lighter tax burden for Quebecers and the fight against poverty;
- encouraging wealth creation to ensure, in the long term, the maintenance and development of services for the population in all regions of Québec;
- modernizing public infrastructures.

$826 million has been earmarked for injection into health services,$321 for more in education towards academic achievement and $900 million over three years for regional development.

While personal income tax reductions were proposed in the budget, the personal tax imbalance between Quebec and other provinces remains high.

For more information, you can view the press release at:
http://www.budget.finances.gouv.qc.ca/budget/2005-2006/en/Discours/compres01.asp

The full text of the budget can be found at:
http://www.budget.finances.gouv.qc.ca/budget/2005-2006/index_en.asp

Posted by Taxes.ca Editorial Team [permalink]

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