Quebec to cut taxes for small- and medium-sized businesses in next budget: Couillard
The premier would not go into details, but said smaller companies were under pressure due to pension changes and minimum wage increases
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SHANGHAI—Philippe Couillard’s Quebec Liberals are planning to cut taxes for small- and medium-sized businesses in the next provincial budget.
The premier says in an interview these businesses find themselves under increased pressure due to changes to pension rules and an impending hike to the minimum wage.
Couillard made the comments today as he continued his trade mission in China.
He wouldn’t go into details on the budget—the fifth put forth by his government—but said his government would be “cautious” while maintaining fiscal and financial responsibility.
Couillard says Quebec does not plan to further reduce personal taxes because the province has already made efforts to cut them.
The premier also says he doesn’t intend to call an election earlier than the Oct. 1 fixed date.