We reserve the right to close comments at any time. “Absolutely nothing, no provision for eventualities. As Globals' Raquel Fletcher explains, environmentalists aren't thrilled with the outcome. … Spending in the budget focuses on the following priorities:  cultivating Québec’s economic advancement; success for students; improving the wealth of Québecers; better access to health care; strong action to support environmentally responsible transportation; and supporting the province’s culture. The province also reaffirmed its commitment to reducing tax evasion and implementing a strong action plan for a green economy. Then catch our regional radio newscasts with Joanne Bayly at 4:30 p.m. and 5:30 p.m. Friday, 5:30 a.m.

The budget projects the province borrowing about $14 billion for capital spending in 2020-21 and about $27 billion a year after that, until 2024-25. How to follow CBC's coverage of Quebec's 2020 budget, CBC's Journalistic Standards and Practices. Girard acknowledged that the effects of the virus on the global economy are evolving quickly. However, the Canada Border Services Agency, Revenu Québec, and Canada Post Corporation conducted a pilot project regarding the collection of QST on packages delivered to Québec from outside Canada, which resulted in unexpectedly low revenues.



Quebec Finance Eric Girard will deliver the provincial budget Tuesday at the National Assembly. Further supporting the educational success of young people. ET — We will have full coverage on CBC Montreal News at 6 with host Debra Arbec, National Assembly reporter Cathy Senay and analysis from Marie-Soleil Tremblay, who teaches finance and governance at Quebec City's École Nationale d'Administration Publique (ENAP). Quebec Finance Minister Eric Girard is betting that big spending increases in the budget he tabled Tuesday will stimulate the provincial economy enough to ward off any economic damage resulting from the novel coronavirus. The budget also includes an increase of $15.1 billion in infrastructure spending over the next 10 years, bringing the total to $130.5 billion.

Key actions targeting specific sectors perceived to have higher prospects for tax evasion and avoidance were announced in the 2020 budget, including: Legislative amendments to the Tobacco Tax Act, the Tax Administration Act, the Taxation Act, the Act respecting the Québec sales tax, and the Regulation respecting personnel placement agencies and recruitment agencies for temporary foreign workers will be required to effect the initiatives outlined above and will be introduced as needed. If you have any questions about how these proposed changes might impact your organization, please do not hesitate to call the Ryan TaxDirect® line at 1.800.667.1600.

Girard projects the province will collect 5.8 per cent more in income taxes this fiscal year and 3.8 per cent more in consumption taxes. And while the province says its gross GDP-to-debt ratio has declined to 43 per cent, the government is still significantly in debt, by close to $197.7 billion. })();

piHostname = 'pi.pardot.com'; As of Saturday, he said, his department estimated the virus could cause global economic growth to fall by half a percentage point this year. “It’s important to understand where we are starting from,” he said before tabling his budget in the legislature.

Most of that money is projected to come from revenues collected by businesses from the carbon market in which it participates with California. Here's how you can follow along. Here's how you can follow along. Comments on this story are moderated according to our Submission Guidelines. Please read our Commenting Policy first. For the 2019-2020 fiscal year, the revenues generated from non-resident suppliers under this system are expected to be nearly $120 million.

Girard said another factor giving him confidence Quebec can weather the expected storm is the fact the province’s economic fundamentals are so strong. else { window.addEventListener('load', async_load, false); } As part of the government’s strategy to ensure the integrity of its tax system, additional measures were introduced under the Tax Fairness Action Plan to combat tax evasion and avoidance. Please note that CBC does not endorse the opinions expressed in comments. piCId = '6280'; Additional information on the QST specified registration system may be found in our Ryan Tax Development: “2019 New Year’s Day Changes from Revenu Québec.”, Measures to Fight Tax Evasion and Tax Avoidance.

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How to follow CBC's coverage of Quebec's 2020 budget Quebec Finance Eric Girard will deliver the provincial budget at the National Assembly on Tuesday. // ]]>, “2019 New Year’s Day Changes from Revenu Québec.”. Minister of Finance Eric Girard delivered Budget Speech 2019-2020 on March 21, 2019. Stay informed of important tax issues that impact your business. On Monday, he had called for a contingency fund of roughly $1 billion to deal with economic shocks caused by the virus. Quebec Finance Eric Girard will deliver the provincial budget at the National Assembly on Tuesday. This year’s announcement delivers a balanced provincial budget for the next five years, predicting a $1.9 billion surplus for 2019-2020. That money, which will be borrowed primarily through the sale of government bonds, is earmarked to fund new schools, senior centres and major public transit projects.