10% tax deduction for merchants

The first budget, presented by Quebec’s new mayor Bruno Mercantile on Tuesday, already has its identity, including a 10% tax deduction for businesses severely affected by the epidemic.

Read more: The first merchant budget was tabled on Tuesday

Read more: “The Fair Hour” on the Quebec City Tram in January

The loan will benefit owners of buildings operating restaurants, hotels and retail outlets (but not shopping centers).

Grants range from $ 100 to $ 5,000 per building. By June 30, 2022, more than 1,200 homeowners will receive an average of $ 2,000 in tax credit. The cost to taxpayers is estimated at $ 2.5 million.

It is estimated that 60% of the users, meanwhile, are business owners and operators. This is a new law passed by the National Assembly in March that allows cities to consolidate this tax gift for a maximum of three years.

On Tuesday, Mayor Markand said this tax was part of the debt budget, which makes him “very proud”.

He did not hide his pleasure in being able to keep it from the first year of his tenure and did not refuse to reintroduce it in the years to come.

The city has confirmed that the average tax increase (residential and non-residential) will be 2.2%, which is a tax on inflation. For a single-family home of $ 293,000, the average increase would be $ 60 compared to last year.

Merchant brand

Although it has been less than a month since he took office, Bruno Mercant assures him that he has all the latitudes to make his mark on this budget.

The public administration has set aside “a financial space” to integrate many aspects of its electoral platform.

In addition to the tax breaks for merchants, there are elements such as shop streets, the return of the office of international relations, the struggle against the homeless, the maintenance of parks, the summit for the elderly, and the increase in the budget. And conservation of forests.

As for the original $ 3.3 billion tramway project, the municipality has not yet taken into account the potential explosion in its budget documents at an estimated cost of $ 600 million.

“The amount paid to Tramway is currently under discussion with the government.

Bruno Merchant met with Ministers Fran பிரான்ois Bonnardel and Genevieve Gilbold on Tuesday. Their debate, “at 40%”, focused on the tram, confirming the mayor.

Sustainable development

In its budget, the city says most of its new investments will focus on sustainable development and the fight against climate change.

$ 36.2 million of the investment is earmarked for sustainable development initiatives, of which $ 19.8 million is directly related to the fight against climate change.

– In collaboration with Jean-Luc Lavallee and Stéphanie Martin