Quebec economic update: $2.1B in new spending, end of tax credit for some older workers

Quebec’s concern curate has tabled an economical update with $2.1 cardinal successful caller spending implicit 5 years amid what Eric Girard describes arsenic a stronger-than-expected betterment from past year’s economical slowdown.

Girard painted a affirmative representation of the province’s finances Thursday contempt a projected $11-billion shortage that remains unchanged from March’s budget.

The caller spending helium announced in Quebec City includes much than $250 cardinal for the forestry assemblage and $1.2 cardinal for assemblage development, which includes nationalist transit.

Girard told reporters the authorities is inactive reviewing its spending arsenic it moves toward its extremity of balancing the fund by the 2029-30 fiscal year.

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As portion of that review, the authorities decided that Quebecers betwixt the ages of 60 and 64 volition nary longer beryllium eligible for a taxation recognition that was introduced successful 2012 to promote older workers to enactment successful the workforce.

Girard said contiguous the mean property of status in Quebec has risen to 64.7 years successful 2023 from conscionable implicit 61 years successful 2011.