The financial framework presented by the party on Friday notably provides for an increase of three levels of personal income tax, namely: 1.75 percentage points starting at $90,080; 2 percentage points above $112,655; and 4.25 percentage points above $200,000.
The basic personal amount would be increased by $500. Thereby, QS calculates that only people earning more than $100,000 a year would see their taxes go up.
The personal tax reform that the party wishes to implement would allow the Quebec government to garner additional revenue of $5.12 billion over four years, he estimates.
All of the measures put forward to increase sources of financing from businesses are equivalent to $17.76 billion.
Small and medium-sized enterprises (SMEs) would not be affected, but rather big polluters
them large corporations
, financial institutions and digital giants (GAFAM). Mining royalties and water royalties would also be increased.
« We are going to ask large companies with more than 500 employees to do their fair share, because the money for our health system and our education system will not fall from the sky, it has to come from somewhere. . »
But it is also by stopping deposits in the Generations Fund ($17.39 billion over four years) that QS wants to replenish the public treasury.
Such savings would allow the Quebec government to return to a balanced budget as of 2024-2025, the party predicts. However, a deficit of $490 million (M$) is forecast for 2023-2024.
Instead of continuing to make payments to the Generations Fund, QS would rather set up a Climate Emergency Fund
in which $500 million would be paid annually starting in 2024-2025.
Abandoned highway projects
The Quebec Infrastructure Plan (PQI) would also be reviewed in depth.
Thereby, QS abandon $5.28 billion worth of projects, i.e. the third link between Québec and Lévis, as well as the extension of highways 13 (between Saint-Eustache and Mirabel), 19 (between Laval and Bois-des-Filion), 25 (towards Sainte-Julienne) and 30 (between Brossard and Boucherville).
These projects would be replaced by $32.5 billion in new infrastructure projects which, by their nature, would contribute to achieving the greenhouse gas reduction objectives set out in the climate plan of QS.
However, road projects carried out for reasons of safety or opening up would be maintained, as would maintenance or repair projects for existing infrastructures.
Le ratio this brute/GDP would drop from 42.1% to 44% due to the significant investments dedicated to financing the ecological transition
but these will have barely perceptible impacts on debt servicing
can we read in the financial framework.
The financial framework of QS is, at the same time ambitious
et rigorous
argues the party, which plans three major projects: fight against the cost of living crisis, ensure better intergenerational solidarity and restore public services.
Under a supportive government, revenues and expenditures would increase more than projected in the latest budget from the Minister of Finance, Eric Girardprovides QS.
In particular, the party plans to save $8.27 billion over four years by creating Pharma-Québec, which would centralize the purchase of drugs, and $2.17 billion by putting an end to the incorporation of doctors.
His new taxes on the great fortunes
et the great estates
, who debated this weekwould bring in $9.97 billion over four years.
In terms of spending, the party figures out $3.8 billion. his promise to abolish the Quebec sales tax on essential goodsand $3.6 billion for its commitment to abolish all forms of primary and secondary tuition fees.
Some $560 million is also budgeted to create an elected Constituent Assembly. Its mandate would be to draft the constitution of an independent Quebec which would then be submitted to the population by referendum.
The second financial framework of the campaign
The financial framework of QS was presented to the press on Friday morning at the Boréalis museum in Trois-Rivières by party spokesperson Gabriel Nadeau-Dubois and his candidates Simon Tremblay-Pepin (Pointe-aux-Trembles), Mathieu Perron-Dufour (Hull) and Christine Gilbert (Lotbiniere-Frontenac).
QS is the second formation to present its financial framework since the start of the electoral campaign. The QLP made his public last Sunday.
In the last few days, Gabriel Nadeau-Dubois had already warned that the financial framework for his training would be balance
and that it would provide, as in 2018, for the suspension of all payments to the Generations Fund.
During a citizens’ assembly Thursday evening in Trois-Rivières, he also hinted that the document would include a new tax on financial institutions and a drop in post-secondary tuition fees.
These two measures do indeed appear in the financial framework presented by QS Friday: the first would bring in Quebec $1.21 billion over four years, while the second would cost $980 million during the same period, according to party estimates.