CanadianJeff CanadianJeff:
From the story it sounds like a 3 to 4 percent increase. That's actually not so bad. I was thinking from the tone of the piece it was going to be more of a 10% increase.
But to make it retroactive. I hope she gets skinned alive.
For 130,000$ to 249,999$ it passes from 24% to 28%
For 250,000$+ it passes from 24% to 31%.
I bet the government will make LESS money with the higher taxes.
Let's say someone earning 300,000$ decides to move his business outside Quebec.
Instead of getting 8300$ more in tax income, the gov will lose 128,500$.
They will need 15+ people earning 300,000$ only to compensate for the loss of 1 person.
Add to that the stall in private investments, businesses leaving or closing, etc. They will loose money and cripple economic development in Quebec for years.