As part of the fall 2025 economic and financial update, the Minister of Finance, Eric Girard, is introducing today additional initiatives amounting to $8.3 billion for protecting our purchasing power and our economy in the particular context facing Québec. These new measures will notably make it possible to return $5.9 billion to Quebecers, including $4.1 billion related to the indexing of the tax system. With this update, the government is also staying on course to gradually return to a balanced budget by 2029-2030.
The government is prioritizing the protection of Quebecers' purchasing power and is also planning to cancel the increase in the capital gains inclusion rate, in addition to providing for measures totalling $2.5 billion to increase Québec's economic resilience, particularly by enhancing the accelerated depreciation measures.
Savings of $1.8B over five years for workers thanks to the reduction in the contribution rates to the QPP and the QPIP
Given the financial pressure faced by many households, the government is acting swiftly to help workers by returning $1.8 billion to them over the next five years through a reduction, beginning January 1, 2026, in contribution rates to the Québec Pension Plan (QPP) and the Québec Parental Insurance Plan (QPIP). This reduction will provide maximum savings of $137 for an employee and $259 for a self-employed worker.
Indexing the parameters of the personal income tax system
Quebecers will also benefit, as of January 1, 2026, from a 2.05% indexation of the parameters of the personal income tax system and social assistance benefits. This indexation will represent tax relief of $4.1 billion over five years for households.
Cancelling the increase in the capital gains inclusion rate
The government is cancelling the increase in the capital gains inclusion rate, following the decision of the federal government on this matter. This cancellation represents a gain of more than $2 billion for Québec citizens and businesses.
Click here to see more...