TaxTips.ca
Canadian Tax and
Financial Information
Quebec 2011 Budget

Ads keep this website free for you.
TaxTips.ca does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

Looking for US tax information?
See
USTaxTips.net

Need an accounting, tax or financial advisor? Look in our Directory.      Stay Connected with TaxTips.ca!

Home
What's New
Calculators
Personal Tax
Business
Sales Taxes
Free in 30!
Financial Planning
RRSP RRIF TFSA
Real Estate
Stocks Bonds etc.
Seniors
Disabilities
Canada
Alberta
British Columbia
Manitoba
Ontario
Quebec
Saskatchewan
Atlantic Provinces
Territories
Federal Budget
Provincial Budgets
Statistics etc.
Glossary
Site Map
Directory
Advertise With Us
Contact Us/About Us
Links & Resources



Quebec   ->   QC Budgets ->  2011 Budget

Quebec 2011 Budget - March 17, 2011

Full details of the budget can be found on the Finance Quebec website, with the highlights found in the Budget at a Glance document(pdf file).

Some of the measures proposed in the budget:

Shelter allowance program enhanced

The shelter allowance program, which helps low-income households to pay their rent, will be enhanced by lowering the eligibility age gradually to 50 from 55 for single people and couples without children.

Tax credit for work income

As of January 1, 2012, a tax credit will be implemented gradually to offset the Quebec income tax payable on work income between $5,000 and $15,000 for workers age 65 or over.

Informal caregiver tax credit

Informal caregivers who cohabit the dwelling of an eligible relative will be able to obtain the tax credit for informal caregivers, and the spouse of a person aged 70 or more will also be eligible.

Green vehicles rebate

As part of the 2011-2020 Electric Vehicle Action Plan, the tax credit for green vehicles will be replaced by a purchase or leasing rebate.  A rebate of up to $8,000 will be available to purchasers of a plug-in electric or hybrid electric vehicle.

Quebec Pension Plan (QPP)

The contribution rate for the QPP will increase by 0.15% per year over a period of six years, beginning January 1, 2012.

To encourage later retirement, benefits applied for after age 65 will be increased as of January 1, 2013.

Benefits applied for prior to age 65 will be reduced as of January 1, 2014.

Voluntary Retirement Savings Plans

A new private retirement savings plan is being introduced which will be available to all Quebec residents, including self-employed workers.

bulletEmployers will not be obligated to contribute, but will be required to offer the plan.
bulletEmployees can opt out of the plan.
bulletThe plan will be transferable when employees change jobs.

Revised: September 20, 2017

Copyright © 2002 - 2017 Boat Harbour Investments Ltd. All Rights Reserved  See Reproduction of information from TaxTips.ca

Facebook  | Twitter  |  Google + |  Monthly Newsletter Sign-up  What’s New E-mail Notification RSS News Feed
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. 
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.