Quebec Cuts Business Taxes in Fourth-Straight Balanced Budget
- Province forecasts five more years of balanced books
- Leitao offers tax breaks for small business, home owners
Pedestrians walk through Rue Saint-Paul in Old Montreal, Quebec.
Photographer: Christinne Muschi/BloombergThis article is for subscribers only.
Quebec plans to balance its budget for a fourth straight year, allowing the province to pay down debt and lower taxes for small businesses and homebuyers with an election just six months away.
Canada’s second-most populous province is committed to five more years of balanced books following a net surplus of C$850 million ($660 million) this fiscal year, even after setting aside C$2.29 billion in a debt-reduction pool known as the Generations Fund.