After announcing an indexation worth $2 billion a year for Quebecers, and pushing forward several changes regarding credits and benefits, Quebec residents can expect increases to the solidarity tax credit, family allowance and more in 2024.
The provincial government is implementing a number of initiatives to help Quebecers during these tough times including indexing the tax system and providing further social assistance benefits, all of which will be adjusted to inflation. After announcing an indexation worth $2 billion a year for Quebecers, and pushing forward several changes regarding credits and benefits, Quebec residents can expect increases to the solidarity tax credit, family allowance and more.
A number of provincial benefits and credits are scheduled to be distributed throughout November 2023 These financial programs, which include the Quebec Pension Plan (QPP), Solidarity Tax Credit and other public-sector pension plans, among others, can recur both annually or serve as one-time payments. Nevertheless, these Quebec credits and benefits can provide essential support, particularly for low-income households.
With the current surge in inflation, the cost of living is hitting harder than ever for many. It goes without saying that Canadiens are feeling the squeeze as prices everywhere continue to climb. But there are certain financial programs that could make these tough times somewhat easier, especially for those in Quebec.
Meeting your basic needs and meeting the love of your life may be equally challenging to the average Canadian unless you're aware of these handy benefits and government programs that can help you with the former (even if the latter is a pipe dream).