Quebec just announced a $500 “counter inflation” payment, will other Governments follow suit?

0
667



Today the government of Quebec announced a one-time “counter-inflation” payment to Quebec residents that earn less than $100,000 in an effort to help Quebecers navigate an increasingly high inflationary environment.

$3.2 billion will be spent on the one-time $500 payments to Quebec residents just ahead of the October Quebec general elections.

This could be a signal to other provinces and governments to follow suit. Like the 2020/2021 Covid stimulus payments that were so popular during the pandemic we may see similar “inflation payments” be announced in the coming months from various governments.

We’ll report more on this story as it develops.

New Quebec “inflation” payment FAQ:

Is the Quebec inflation payment taxable?

TBD

When will the Quebec inflation payments be sent out?

TBD

Will the $100,000 income threshold be based on 2021 or 2022 taxes?

TBD

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here