Refundable Tax Credit

refundable tax credit: My Pocketbook The graduated health tax will be phased out over three years. Anyone who makes under $42,235 a year will be exempted from paying starting in 2017. Those who make more will see their contributions gradually reduced. Tax shield protection to limit loss of refundable tax credit for low-income workers who increase their annual income. Tax credit increase for experienced workers ranging from $6,000 for workers aged 63 up to $10,000 for workers 65 and over. New program to help seniors who are long-term home-owners cope with hikes in municipal taxes. My Job $125 million to support training and employment over five years. Increase tax credits for Quebec cultural sector, including film and TV production, dubbing, sound recording, book publishing and multimedia. Continuation of the public sector salary freeze. Tax-credit increase for eligible businesses who hire trainees who are immigrants or have a physical disability. $22.5 million over the next three years to integrate immigrants into the labour market. Gradual reduction of the general corporate tax rate from 11.9 per cent to 11.5 per cent. My Community $4.4 million over three years to implement the Anti-Bullying Action Plan. A 50 per cent increase in tax credits available to farmers or companies who donate agricultural produce to organizations within the Food Banks of Quebec network. $4 million over three years for an action plan that will document the problem of radicalization leading to violence in Quebec and prevent adherence to radical ideologies that advocate violence. $126 million for the construction of 1 500 new social housing units. $123 million to add 5,800 new units into the Rent Supplement program. $35 million to continue the adaptation and renovation of private residences for disadvantaged citizens. $22 million over five years to support the Fondation du Dr. Julien, which is developing a network to improve access to community social pediatric care. Funding for a new program that will provide municipalities with $10 million in additional resources to rehabilitate contaminated sites. My Province $200 million investment in commercial port infrastructure. $77 million to expand marine tourism. $55.5 million to extend the tax credit for the Gasp Peninsula and certain other economically fragile maritime communities. $317 million for forest management and development. Introduction of a financial assistance program, at a cost of $70.6 million over five years, to assist with the installation of automatic sprinkler systems required in all existing residences for the elderly. , according to CBC and Take a look at the highlights of how Quebec 2015-2016 financial plan will impact your pocketbook, your family, your job and your community. Quebec Budget 2015 (www.immigrantscanada.com). As reported in the news.