Tuer la poule aux œufs d'or: Les impacts des hausses d'impôt proposées au Québec/Killing the goose that lays the golden eggs: Impact of proposed tax increases in Quebec

Alexandre Laurin
Additional contact information
Alexandre Laurin: C.D. Howe Institute

No 139, e-briefs from C.D. Howe Institute

Abstract: (note: this report is in French) The Quebec Government's new tax plan - which would replace the across-the-board health contribution of $200 per taxpayer with large marginal tax increases on high-income earners as well as increased taxes on capital gains and dividends - may result in a government revenue shortfall of approximately $800 million per year, according to a this study. The erosion of Quebec's fiscal capacity may be partially offset by additional federal equalization payments to Quebec. But these transfer payments would be insufficient and would merely redistribute wealth from the rest of Canada to Quebec; what the province really needs is to have a tax system conducive to wealth creation. "Over the long term, declining economic activity and investment would lead to the relative impoverishment of Quebec society," says Laurin.

Keywords: Fiscal Policy and Tax Competitiveness; Province of Quebec; taxation (search for similar items in EconPapers)
JEL-codes: H71 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2012-10
References: Add references at CitEc
Citations:

Published on the C.D. Howe Institute website, October 2012

Downloads: (external link)
https://www.cdhowe.org/media-release/quebec%E2%80% ... on-revenue-shortfall (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cdh:ebrief:139

Access Statistics for this paper

More papers in e-briefs from C.D. Howe Institute Contact information at EDIRC.
Bibliographic data for series maintained by Kristine Gray ( this e-mail address is bad, please contact ).