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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

Author

Listed:
  • Alexandre Laurin

    (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.

Suggested Citation

  • Alexandre Laurin, 2012. "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," e-briefs 139, C.D. Howe Institute.
  • Handle: RePEc:cdh:ebrief:139
    as

    Download full text from publisher

    File URL: https://www.cdhowe.org/media-release/quebec%E2%80%99s-proposed-tax-reforms-may-lead-800-million-revenue-shortfall
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    References listed on IDEAS

    as
    1. Philippe Bergevin & William B.P. Robson, 2012. "More RRBs, Please! Why Ottawa Should Issue More Inflation-Indexed Bonds," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 363, September.
    2. Alexandre Laurin & William B.P. Robson, 2009. "Supersized Superannuation: The Startling Fair-Value Cost of Federal Government Pensions," C.D. Howe Institute Backgrounder, C.D. Howe Institute, issue 122, December.
    3. Alexandre Laurin & William Robson, 2010. "The Public-Sector Pension Bubble: Time to Confront the Unmeasured Cost of Ottawa's Pensions," e-briefs 108, C.D. Howe Institute.
    4. Alexandre Laurin & William B.P. Robson, 2012. "Achieving Balance, Spurring Growth: A Shadow Federal Budget for 2012," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 344, March.
    5. Alexandre Laurin & William B.P. Robson, 2011. "Ottawa's Pension Gap: The Growing and Under-reported Cost of Federal Employee Pensions," e-briefs 127, C.D. Howe Institute.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Fiscal Policy and Tax Competitiveness; Province of Quebec; taxation;

    JEL classification:

    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue

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