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Despite the tax cuts granted by the Canadian government, Quebec remains in first place in terms of taxation.
Quebec champion taxes
A significant reduction of taxes was recorded in Canada in recent years, particularly in Quebec and Ottawa, the country’s major cities. However, the tax burden is still considerable. In 2009, income taxes occupy 12.8% of Quebec’s GDP, while for the G7 countries, it occupies only 9.0% of gross domestic product. This is a rare phenomenon because the United States, the income taxes account for only 7.7%. The record was set in 1999 in Quebec when the weight of taxes occupied 14.6% of GDP. Within 10 years, we recorded a tax cut of two percentage points from gross domestic product.
The consequences of the tax reductiontax reduction began in 2000. It mainly concerns a certain segment of the population. The team of Professor Godbout who led the study found that families with children under 6 years have benefited from lower taxes more than others, either in Quebec or Ottawa. In addition to the tax cut, these families have also benefited from bonuses benefits that enable them to improve their income. The team also found that households under 65, regardless of their status – couples, singles, single parent or two parents – have benefited from the tax reduction.
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