Image of government building

2021 Quebec Economic and Financial Update

2021 Quebec Economic and Financial Update

Synopsis
2 Minute Read

Québec Finance Minister Eric Girard released the Update on Quebec’s Economic and Financial Situation on November 25, 2021.

On November 25, 2021, Quebec Finance Minister Eric Girard delivered the Fall 2021 Update on Quebec’s Economic and Financial Situation.

No tax rate changes were announced, but the Government announced several initiatives to help support the cost of living, combat labour shortages and stimulate economic growth, and continue efforts to strengthen the healthcare system.

Tax measures announced include:

  • Enhancing the refundable tax credit for childcare expenses for parents of children that attend non-subsidized daycare
  • Enhanced assistance for seniors through the refundable senior assistance tax credit (effective 2021) and refundable tax credit for home support services (effective January 2022)

More details and highlights of the Quebec Fall 2021 Update can be found here.

Insights

  • Performance

    March 31, 2025

    Tariff relief and federal support for Canadian businesses

    Read our overview of the federal tax relief and support measures available to Canadian businesses impacted by tariffs.

  • Progress

    March 28, 2025

    New Trust Reporting Rules – Are You Ready?

    Find out more about proposed new federal trust reporting rules which would increase disclosure requirements, and what you can do to prepare for them.

  • Progress

    March 28, 2025

    Are you ready to sell your land? Key considerations for farmers

    Selling your farmland? The right strategy can protect your wealth and reduce taxes. Here’s what you need to know before you make a decision.