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Quebec's Tax Cut for SMEs: A Pre-Election Boost
Description
Quebec Premier Christine Frechette unveils a one percentage point tax cut for 75,000 small and medium-sized businesses, offering significant relief ahead of elections. This move, part of a five-year plan, could save businesses up to $5,000 annually, totaling nearly $630 million. The CAQ government aims to boost SME competitiveness and economic growth, despite public finance deficits. This tax break follows Frechettes earlier win of reimbursing the welcome tax for new homebuyers and adds to the $1.3 billion budgeted for pro-business initiatives over five years.
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