As part of the roll-out of the 2021-2022 Quebec budget, our team of experts provides you with a summary of measures affecting the real estate and construction sector.
Economic measures affecting the cultural sector
To support it and contribute to its revival, the 2021-2022 Quebec budget provides for investments of $392 million over the next six years in 3 main areas:
- Promoting culture ;
- Promoting cultural heritage ;
- Defend and strengthen the status of French as the official and common language of Quebec.
Download our document to read our summary of all the measures planned for this industry.
General tax measures applicable to all Québec businesses
In addition to the increase in the small business deduction rate, the addition of a choice regarding the number of hours paid is one of the tax measures included in the Quebec budget.
Also, to encourage Quebec companies to carry out their investment projects, the government is planning to enhance the C3i. This initiative will accelerate Quebec’s economic recovery. The bonus will temporarily double C3i rates.
Finally, Quebec announces a further extension of the employer contribution credit to the Fonds des Services de Santé (FSS) for employees on paid leave.
To read our full summary of the 2021-2022 Quebec budget, download our PDF document here.
To find out more about our services for your industry, click here.
Sources:
Gouvernement du Québec, 2021, “Le gabarit budgétaire: Plan d’action pour le secteur de la construction”,
https://www.tresor.gouv.qc.ca/nouvelles/?tx_ttnews5Btt_news5D=600&cHash=09fcaa17945be9c16520e51c4249b58b
Government of Quebec, 2021, “Budget 2021”, http://www.budget.finances.gouv.qc.ca/budget/2021-2022/fr/
This summary is distributed by Demers Beaulne LLP for its network. The items described represent summaries only. We strongly recommend that you meet with your advisor before making any business decisions.
