2012-2013 quebec budget at a glance

8/2/2019 2012-2013 Quebec Budget at a Glance

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BUdGET

AT AGLANCE

BUDGET 2012-2013

A Strong Economy


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1. QUBEC ISCONTROLLING ITSPUBLIC FINANCES

2. DEVELOPING THEWEALTH OF OURNATURAL RESOURCES

AND DEPLOYING THEPLAN NORD

3. CONSOLIDATINGOUR LEADERSHIP INSUSTAINABLEDEVELOPMENT

4. CAPITALIZING ON THEFULL POTENTIAL OFOUR LABOUR FORCE

5. CREATING A BETTERMATCH BETWEENTRAINING AND JOBSTO ENSURE SUCCESS

6. ENSURING EVERYONEHAS ACCESS TOA PENSION PLAN

7. THE ECONOMY AT THESERVICE OF OUR VALUES

8. PROMOTING THEGROWTH OFOUR BUSINESSES

9. PROMOTING OURTOURIST ATTRACTIONS

10. THE STRENGTHOF OUR CULTURE

11. FOSTERING THEVITALITY OF MONTRAL,QUBEC CITY AND ALLTHE REGIONS

12. AGING AT HOME

BUdGETAT AGLANCE

RAYMOND BACHANDQubec, March 20, 2012

Budget 2012-2013 is ocusing on the economy. A strong economyis a passport to a prosperous uture.

A strong economy depends on sound public fnances. Two yearsinto the plan to restore fscal balance, we have done better thanexpected thanks to our rigorous and responsible management.We will maintain this discipline in order to achieve a balancedbudget in 2013-2014, as orecast.

The strength o our economy also depends on developing ournatural resources in a responsible and respectul manner. Likeother governments that develop their resources, Qubec musttap into the ull potential o these resources or the beneft oall Quebecers.

Qubec workers are what drive our economy. More than ever,Qubec needs all o its brawn and all o its brain. We have toencourage experienced workers to remain in the labourmarket longer. We also have to encourage young people andnew Quebecers to take their place in this market.

Workers play a crucial role in the success o our businesses.However, our businesses need capital in order to invest.Budget 2012-2013 is making $1.3 bn available to oster

investment. It is also oering sector-based support, particularly tothe tourism industry.

A strong economy creates the wealth we need to invest in ourvalues. This budget contains major commitments to improve theliving conditions o our seniors, make aordable housing availableand support our culture.

mESSAGEFROm ThE mINISTER

note to readers

In this document, $mn is used to indicatemillions of dollars and $bn, billions of dollars.


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QUBEC IS CONTROLLING ITS PUBLIC FINANCES 3

The government has made the right decisions at the right time.Qubecs budgetary situation has improved or the third year ina row. 2009-2010 and 2010-2011: defcits $1.1 bn lower per year

than orecast. 2011-2012: defcit revised downward by $500 mn. Return to fscal balance still orecast or 2013-2014.

ThE OBjECTIvE OF RESTORING FISCAL BALANCEIN 2013-2014 IS mAINTAINEd

QUBEC IS CONTROLLING ITS PUBLIC FINANCES1.

Reduction in the growth o consolidated expenditure: the growth o such expenditure isdeclining rom an average o 5.7% rom 2006-2007 to 2009-2010 to an average o 2.8%rom 2010-2011 to 2013-2014.

SPENdING CONTINUES TO BE mANAGEdIN A RIGOROUS ANd dISCIPLINEd mANNER

CHANGE IN THE GROWTH OF CONSOLIDATEDEXPENDITURE EXCLUDING DEBT SERVICE(per cent)

In 2016-2017,$2.5 bn wIll bedeposIted In theGeneratIons Fundto repay the debt.

(1) Budgetary balances within the meaning of the Balance Budget Act.(2) The budgetary decit of $4 257 mn corresponds to that presented in Budget 2010-2011.

BUDGETARY BALANCES FROM 2009-2010 TO 2013-2014(1)

(millions of dollars)2009-2010 2010-20112011-20122012-20132013-2014

2000

300

-1 500

300

-3 800-3 300

-4 200

-3 150

-4 257(2)

-3 174

Budget 2011-2012

Budget 2012-2013

Contingency reserves

BEFORE ThE PLAN(1)

aerage fro 2006-2007 to 2009-2010: 5.7%

wITh ThE PLAN(1)

aerage fro 2010-2011 to 2013-2014: 2.8%4.9

6.55.8

5.6

3.6 3.5

2.0 2.2

(1) Plan to restore scal balance.

2006-20072007-20082008-20092009-20102010-20112011-20122012-20132013-2014

Actual data

Forecast


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dEBT REdUCTION REmAINS A PRIORITY

For the sake o intergenerational equity, the government has adopted a series o concretemeasures to reduce the debt-to-GDP ratio to 45% or the gross debt and 17% or the debtrepresenting accumulated defcits in 2025-2026.

ThE FIGhT AGAINST TAX EvASION IS BEING STEPPEd UP

The government is allocating growing resources to the fght against tax evasion. Everydollar invested brings in over $10 in revenue. In 2011-2012, Revenu Qubecs tax recoveryrevenues totalled $3 bn. Intensifcation o tax audits in employment agencies and real estate trusts.

1. QUBEC IS CONTROLLING ITS PUBLIC FINANCES

4 BUdGET AT A GLANCE BUdGET 2012-2013

In 2012-2013,$1.2 bn wIll bedeposIted In theGENERATIONS FUNDto repay the debt.

GROSS DEBT(as at March 31, as a percentage of GDP)

DEBT REPRESENTINGACCUMULATED DEFICITS(as at March 31, as a percentage of GDP)

Note: The gross debt excludes pre-nancing and takes into accountthe sums accumulated in the Generations Fund.

P: Preliminary results for 2012, forecasts for 2013 to 2017and projections for subsequent years.

58

56

54

52

50

48

46

44

0

55.3

52.1

20112012P 2017P 2026P

54.3

45.0

OBJECTIVE

55.0 3836

34

32

30

28

26

24

22

20

18

16

0

20112012P 2017P 2026P

27.7

35.0

17.0

35.2

OBJECTIVE

P: Preliminary results for 2012, forecasts for 2013 to 2017and projections for subsequent years.


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TAKING EQUITY INTERESTS IN RESOURCEdEvELOPmENT COmPANIES

The government is creating rc Qc, a subsidiary o Investissement Qubec,which will take equity interests in companies in the mining and hydrocarbon sectors: the envelope or taking equity interests is being doubled to $1 bn; the intervention capacity o SOQUEM will also be doubled.

dEvELOPING QUBECS mINING POTENTIALANd TAPPING INTO ThE wEALTh OF OUR mINES

The new mining royalties regime is bearing ruit. For 2010-2011 alone, the Qubecgovernment collected $305 mn in royalties, or more than the total or the past 10 years. Over the next 10 years, mining companies will pay some $4 bn in royalties,

or 14 times the amount paid in the 10 years prior to the reorm o the royalties regime.

To enhance the quality and value o ore exports, the government is introducing, this year,new incentives or ore processing in Qubec.

DEVELOPING THE WEALTH OF OUR NATURALRESOURCES AND DEPLOYING THE PLAN NORD

2.

dEvELOPING ThE wEALTh OF OUR NATURAL RESOURCES ANd dEPLOYING ThE PLAN NORd 5

NATURAL RESOURCE dEvELOPmENT mUST BE CARRIEd OUTFOR ThE BENEFIT OF ALL QUEBECERS.

ENSURING FOREST SUSTAINABILITY

Qubecs orests continue to be developed. For the frst time, thegovernment is tabling a fve-year unding plan or sustainableorest development.

Thanks to its new orest regime, royalty revenues will rise graduallyrom $111 mn in 2011-2012 to $282 mn in 2016-2017.

More than $500 mn per year will be earmarked or silviculturalwork, orest management and other sustainable orest developmentprograms.

To oster secondary and tertiary processing o orest products, thegovernment is announcing $200 mn or that purpose:

creation oF Vii bi, with an investmentenvelope o $170 mn;

an investment o nearly $30 mn to promote the use o woodin construction.


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2. DEVELOPING THE WEALTH OF OUR NATURAL RESOURCES AND DEPLOYING THE PLAN NORD


TAPPING INTOThE FULL POTENTIALOF OUR NATURALRESOURCES

In 2011-2012, Gross royaltIes FroM natural

resourCes MInes, Forests, water wIll reaCh nearly$1.2 bn, or Close to $500 Mn More than the aVeraGeleVel oF royaltIes ColleCted FroM 2006-2007to 2009-2010.

GROSS ROYALTIES FROM NATURAL RESOURCES IN QUBEC(millions of dollars)

785

2010-20112011-20122012-20132013-20142014-20152015-20162016-2017

Mining

Forests

Water-power

282

415

768

292

405

747

268

395

732

223

375

721

170

355

699

111

365

653

120

305

1 078

1 1751 246

1 3301 410

1 465 1 482

166

42

473

681

aVeraGe2006-2007TO2009-2010


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ImPROvING OvERSIGhT OF ThE EXTRACTION OF OUR hYdROCARBONS 7

2. DEVELOPING THE WEALTH OF OUR NATURAL RESOURCES AND DEPLOYING THE PLAN NORD

ImPROvING OvERSIGhT OF ThE EXTRACTIONOF OUR hYdROCARBONS

Fair and equitable sharing o the benefts derived rom hydrocarbon extraction begins as

o exploration. Auctioning o exploration licences:The new oil and gas exploration licences will henceorth be granted by auction in orderto capture a portion o the rent when they are attributed.

Increase in annual ees or exploration licences and mining or operating leases. New regime o increased royalties or on-shore oil development.

responsIble deVelopMent

oF our hydroCarbons

Te goernent as taken te steps neee toeffectiely anage te enironental repercussionsof future yrocarbon exploration an eelopent.To ate: tree strategic enironental assessents

ae been coissione; a oratoriu as been place on exploration an

eelopent in te St. Larence gulf an estuary.

CONTINUING ThE dEvELOPmENTOF ThE ThE PLAN NORd

The Plan Nord represents an average o 20 000 jobs over25 years. It represents over $80 bn in private and publicinvestment. O that amount, $30 bn is already committedto projects under way or planned. These initial projects alone will result in tax revenues

o $5.5 bn over 25 years.

An additional $165 mn in public investments over thenext fve years: $120 mn or new inrastructures to help communities; $45 mn or new social and community measures,

including mobilization o the resources needed to meetthe labour needs o the Plan Nord and improvegeographical knowledge about the territory.

to supportMunICIpalItIes andCoMMunItIesunderGoInG a MInInGbooM, the GoVernMent

has Created theBUREAU RGIONALDE COORDINATIONGOUVERNEMENTALEDE LA CTE-NORD.


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Today, Qubec boasts one o the best perormances among North Americanjurisdictions in reducing greenhouse gas (GHG) emissions. One o the key actors in thisregard was the implementation o its 2006-2012 Climate Change Action Plan. It shouldbe noted that Qubec has adopted an ambitious GHG emissions reduction target: toreduce emissions 20% below 1990 levels by 2020. Qubecs GHG emissions ell by 9% rom 2003 to 2009.

QUBEC, A LEAdER IN ThE FIGhT AGAINSTCLImATE ChANGE

CONSOLIDATING OUR LEADERSHIPIN SUSTAINABLE DEVELOPMENT

3.

Note: The most recent data for California are for 2007.Source: Ministre du Dveloppement durable, de lEnvironnement et des Parcs.

PER CAPITA GHG EMISSIONS IN 2009(tonnes of CO2

per capita)

10.4

12.6

13.1

21.5

23.5

71.0

QUBEC

ONTARIO

CALIFORNIA

UNITEd STATESCANAdA

(excluing Qubec)

SASKATChEwAN

To maintain its position as a leader, the government is once againreiterating its commitment to sustainable development with thenew 2013-2020 Climate Change Action Plan.

In particular, this plan provides or the creation o a carbonmarket to encourage businesses to become less polluting.

Revenue rom this market will fnance various initiatives aimed atdeveloping public transit and encouraging industry and Quebecersto adopt greener behaviour.

Investments totalling $2.7 bn, fnanced primarily through revenue romthe carbon market, will be made under the new action plan in order to, among other things: encourage Quebecers to make their homes more energy efcient and to use

public transit; oster the sustainable land-use planning; support innovative businesses by supporting energy efciency, the use o less

GHG-emitting energy sources and the implementation or upgrading o proceduresand practices or reducing GHG emissions;

help Qubec society adapt to climate change.

INTROdUCTION OF A SECONd CLImATEChANGE ACTION PLAN

A SINGLE BUSCan transport asMany passenGers

as 40 autoMobIles,saVe 70 000 lItres oFFuel and preVent168 tonnes oFpollutants FroMbeInG dIsCharGedInto the atMosphereeVery year.


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CAPITALIZING ON ThE FULL POTENTIAL OF OUR LABOUR FORCE 9

With their wealth o knowledge and know-how, our experienced workers oertremendous potential or supporting Qubecs economic development. We have to investin this wealth. Since January 2012, workers 65 and over who continue to work have been entitled

to a tax credit on their work income between $5 000 and $15 000. When ullyimplemented, in 2016, this credit will represent x ci f $1 500.

In addition, employers who employ workers 65 and over, will be entitled, as o 2013,to a payroll tax reduction. When ully implemented, in 2016, this will represent ci f $1 000 i x per worker 65 and over.

KEEPING EXPERIENCEd PEOPLE ON ThE jOB

CAPITALIZING ON THE FULL POTENTIALOF OUR LABOUR FORCE

4.

InVestMents oF $84 Mn oVerthree years wIll MaKe It possIbleto support busInesses thateMploy eXperIenCed worKers,proMote the adaptatIon oF worKorGanIZatIon and FaCIlItatebusIness startups.

Several measures are being put in place or enhancedto make it easier or immigrants and young people tointegrate the labour market. The tax credit or new graduates who settle in

the regions is being increased rom $8 000 to$10 000 or young people who obtain a collegediploma or university degree. In all, 17 000 youngpeople will beneft rom this measure.

The Youth Alternative Program is being enhancedby $4 mn per year to encourage young peopleunder 25 years o age who receive socialassistance to integrate the labour market.

TO FACILITATE ACCESS TO A FIRST

jOB FOR OUR YOUNG PEOPLEANd OUR ImmIGRANTS

the GoVernMent wIll InVest$27 Mn to help newCoMers

looK For worK. as a result,the MON PREMIER EMPLOI AUQUBEC proGraM wIll assIstnewCoMers sooner In theIrsearCh For worK.


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CREATING A BETTER MATCH BETWEENTRAINING AND JOBS TO ENSURE SUCCESS

5.

worKer traInInG Is Key to thesuCCess oF busInesses.

$361 n oer tree years ill be ineste byLa Coission es partenaires u arc utraail to establis a culture of continuing eucationan skills eelopent in Qubec.

In aition, $60 n ill be eote to upgraingspecialize facilities an boosting te supply

of training.


ENSURING EVERYONEHAS ACCESS TO A PENSION PLAN

6.

Vrsp i : f k cc businesses that currently do not oer a pension plan will

be required to oer one to their employees, except or businesses with ewer thanfve employees;

im workers will be enrolled automatically by their employer and a set o deault

parameters will be oered; f m mii employers will not be required to contribute

to VRSPs, and these plans will be administered by third parties; flxi they will enable workers to change their contribution rate and continue

contributing to the same plan ater changing employer; participants will be able to usethe amounts they have accumulated and to withdraw rom the plan at any time;

-c they will reduce management costs or participants, resulting in betterreturns and higher retirement income;

x ci contributions to a VRSP may be deducted rom taxable income orQubec and ederal income tax purposes. The amounts accumulated in the plan willnot be taxed as long as they are not withdrawn;

vg f all participants will enjoy the same benefts, whether they areemployees, sel-employed workers, business owners or individual savers.

em g i m i v i J 1, 2015 cm i igi ff Vrsp.

these plans wIll be aVaIlable as oF January 1, 2013.

ThANKS TO ThE NEw vOLUNTARY RETIREmENT SAvINGS PLANS (vRSPs),TwO mILLION QUEBECERS wILL hENCEFORTh hAvE ACCESS TOA GROUP PENSION PLAN.


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ThE ECONOmY AT ThE SERvICE OF OUR vALUES 11

ImPROvING ThE SUPPLY

OF SOCIAL ANd COmmUNITYhOUSING

An amount o $330 mn is being allocated or homeadaptation and the construction o 3 000 new housingunits, i.e. 2 500 social and community housing units and500 private rental units in municipalities acing ahousing shortage.

These new investments will increase to 22 000 thenumber o social, community and aordable housingunits announced since 2004.

SUPPORTING FAmILYCOmmUNITY ORGANIZATIONSANd COmmUNITY dAYCARECENTRES

Family community organizations and communitydaycare centres provide considerable support toQubec amilies. An additional amount o $7 mnover three years is being allocated to them.

THE ECONOMY AT THE SERVICE OF OUR VALUES7.

supportInG sports

Te goernent is creating te Placements Sportsprogra to enable sports feerations to stabilize teirincoe in te long ter an becoe ore self-sufficient.

Sports feerations, ose ission is to regulate anproote sports in Qubec, ill see teir annual incoeincrease by up to $5 n.

Te Sports an Pysical Actiity deelopent Fun illreceie aitional funing of $50 n to finance neproects suc as outoor skating rinks an pools.

oVer 140 000 low- orMIddle-InCoMe householdsIn QubeC Currently lIVeIn soCIal or CoMMunItyhousInG.


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PROMOTING THE GROWTH OF OUR BUSINESSES8.

$1.3 BN TO GIvE BUSINESSES ThE mEANS TO SUCCEEd

Qubecs economic prosperity depends on synergy among three key actors: skilledworkers, a strong entrepreneurial culture and the availability o sufcient capital. Budget 2012-2013 is providing or a $1.3-bn increase in capital or Qubec businesses:

- or natural resources: $670 mn;- or venture capital: $348 mn;- or cooperatives and social economy companies: $43 mn;- or the tourism industry: $118 mn;- or clean technologies: $100 mn.

SUPPORTING ThE mANUFACTURING SECTOR

The manuacturing sector is an essential engine o Qubecs economic growth, particularlythrough job creation and exports. Investment intentions in the manuacturing sector willamount to $5 bn in 2012, or the second year in a row.

Additional government support o $6 mn will help SMEs to integrate and make efcientuse o inormation technologies. The new ESSOR 2.0 and PME 2.0 programs will help to improve the productivity

and competitiveness o businesses.

Funding o $9.5 mn over three years will be allocated to the ashion and clothing sector topromote this industry in Qubec and around the world.

STImULATING EXPORTS

Nearly $35 mn will be invested by the government over three years to urther stimulateQubecs exports. Exports account or 45% o Qubecs GDP and are thus one o the maindrivers o the Qubec economy. Export Qubec will bolster its support or the ashion and clothing, orestry and bioood

manuacturing sectors to help them develop, diversiy and consolidate their marketsoutside Qubec.

It Can soMetIMes be Very Costly ForsMe to MaKe theIr produCts CoMplywIth the standards oF dIFFerentForeIGn MarKets. a new taX CredIt wIll

help ManuFaCturInG sMe to penetratenew MarKets.


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SUPPORTING ThE dEvELOPmENT OF COOPERATIvES 13

8. PROMOTING THE GROWTH OF OUR BUSINESSES

SUPPORTING ThE dEvELOPmENTOF COOPERATIvES

The United Nations General Assembly named2012 Ii y f Civ. This isan opportunity to underscore the importance ocooperatives in Qubec and particularly thecontribution o Desjardins. Today, Qubec has nearly 3 300 active

cooperatives and mutuals.

the new FONDSDECO-INVESTISSEMENT COOP,deVoted to the startup oFCooperatIVes, wIll be alloCated$30 Mn so that It Can aCtIVelypartICIpate In the eConoMICdeVelopMent oF QubeC.

InCreasInG the CoMpetItIVenessoF the bIoFood seCtor

Te biofoo inustry plays a aor role in te Qubececonoy. It generates 7% of GdP an eploys oer476 000 orkers.Since 2008, te ministre e lAgriculture, esPceries et e lAlientation u Qubec aseploye a aor strategy to proote Qubec foos.In tis context, te goernent is inecting: $5 n per year to proote proucts tat are

certifie "Alients u Qubec" an support tearketing of local an regional foo proucts.

dEvELOPING ThE FINANCIAL SECTOR

The fnancial sector has over 150 000 jobs in Qubec and accounts or 6% o GDP.

Budget 2012-2013 is announcing tax incentives or the creation o new fnancial servicescorporations. In addition, a new educational project will be introduced to improve fnancialliteracy.


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14 BUDGET AT A GLANCE BUDGET 2012-2013

TO BOOST QUBECS APPEALAS A TOURIST DESTINATION,THE GOVERNMENT IS CREATINGIQ TOURISME, WITHININVESTISSEMENT QUBEC,AND PROVIDING FOR MEASURESTHAT WILL MAKE IT POSSIBLE TOINVEST NEARLY $465 MN OVER

FIVE YEARS IN THIS KEY SECTOR.

PROMOTING OUR

TOURIST ATTRACTIONS

9.

An amount of $85 mn will be allocated to innovative projects aimedat improving the competiveness and performance of Qubecstourism industry.

A tax credit will be created to accelerate modernization of the supplyof tourist accommodations in the regions.

An amount of $35 mn over two years is being allocated to Spaq toenable it to develop, preserve and capitalize on the exceptionalfacilities and territories under its management.

THE STRENGTH OF OUR CULTURE10.

Culture is an important link in Qubecs economy. The vitality of the cultural sector isreflected in many areas. In addition, several of Qubecs cultural businesses are stagingcultural activities abroad. To promote knowledge of cultural heritage, as well as the protection, enhancement

and transmission of that heritage, the government is allocating an additional $60 mnto the Qubec Cultural Heritage Fund.

An amount of $11 mn over three years will be allocated to promote museums in allregions of Qubec.

Additional support of $4.5 mn over three years, is being granted to the Conseil des

arts et des lettres du Qubec, mainly to support the professional dance sector, alreadyrenowned worldwide.

To support the diffusion of Qubecs digital cultural products, an amount of $20 mn isbeing provided for implementing the digital strategy for the cultural sector.


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LETTING LE dIAmANT dE QUBEC ShINE

An investment o $30 mn will be granted or the construction o the Thtre Le Diamant inQubec City, thus completing the cultural hub in Place dYouville. This new theatre will have aflexible layout suited to the staging o contemporary perormances rom around the world.

FOSTERING THE VITALITY OF MONTRAL,QUBEC CITY AND ALL THE REGIONS

11.

FOSTERING ThE vITALITY OF mONTRAL, QUBEC CITY ANd ALL ThE REGIONS 15

a GIFT OF $125 MN IsbeInG GIVen to theCIty oF Montral toMarK, In 2017, the375th annIVersaryoF Its FoundInG.

CELEBRATING ThE 375Th ANNIvERSARY OF mONTRAL

This amount will enable it to carry out developmental projects that will underscore its distinctiveimage and boost its reputation as a tourist destination. Amounts are being provided or: the upgrade o the Biodme, the Montral Botanical Garden and the Insectarium; improvements to Parc Jean-Drapeau, including the construction o a boardwalk along

the St. Lawrence River; the construction o a new pavilion at the Montral Museum o Fine Arts or housing

the exceptional art collection donated by Montral philanthropists Michal andRenata Hornstein;

tourist development projects at Saint Josephs Oratory.

CREATING GREENBELTSAROUNd mAjOR CENTRES

A total o $60 mn will be invested to contribute to the creationo greenbelts with a view to developing natural and humanenvironments and preserving biodiversity in the territorieso the metropolitan communities o Montral and Qubec City.

TAPPING ThE STRENGTh OF OUR REGIONS

The government is consolidating its action or all regions o Qubec with additional investmentso $164.5 mn over fve years. These investments will make it possible to: renew the Regional Development Fund (RDF), or a total o $300 mn over fve years; extend the additional support or local development centres (CLDs), bringing their total

unding to $361.0 mn over fve years.


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AGING AT HOME12.ThE GROWING OLD AT HOME ACTION PLAN wILLBROAdEN, IN EACh REGION OF QUBEC, ThE SUPPLY OFSERvICES AdAPTEd ANd dESIGNEd TO ImPROvE ThE LIvING

CONdITIONS OF SENIORS. the 2012-2017 aCtIon plan proVIdes For an InCrease In InVestMents ForsenIors. thIs InCrease wIll reaCh nearly $900 Mn per year In 2016-2017.

BETTER AdAPTEd hEALTh SERvICESNew investments o $2.3 bn will be allocated to health services betteradapted to the needs o seniors, including enhanced home-supportservices or more than 50 000 seniors.

AFFORdABLE, SAFEANd AdAPTEd hOUSING FOR SENIORSInvestments o over $86 mn will make it possible to improve housingconditions or seniors.

GettInG senIors InVolVed InCoMMunIty-based proJeCts

Nearly $76 n ill be allocate to elp seniorsreain actie longer in teir counity.

Tese inestents ill ake it possible to: introuce te Age-Friendly Qubec progra, aie at fostering te transission

an recognition of seniors knolege an kno-o; create 12 neMaisons des grands-parents, ic elp to bring te generations

togeter troug actiities suc as oeork assistance an collectie kitcens.

oF the new housInGunIts announCedunder theACCSLOGISproGraM InbudGet 2012-2013,1 250 wIll be ForsenIors.

ENhANCEd TAX ASSISTANCE

TO hELP SENIORS REmAIN IN ThEIR hOmETwo new tax credits are being introduced and two others improvedto help seniors remain in their home. Tax assistance will thus beincreased by $172 mn. Some 222 000 seniors will be able to receive a more generous tax credit or home-support

services. The tax credit will rise rom $4 680 to $6 825 when ully implemented. Over 20 000 seniors will henceorth be eligible or a tax credit or the purchase o equipment

to help them continue living independently at home, such as an emergency call device or awalk-in shower.

In 2011, 55 000 natural caregivers in Qubec, including 15 000 spouses, received tax

assistance. The amount granted to spouses acting as inormal caregivers will increaseto $1 000 as o 2016.

Legal deposit Bibliothque et Archives nationales du QubecMarch 2012ISBN 978-2-551-25176-6 (Print)ISBN 978-2-550-64248-0 (PDF)

Gouvernement du Qubec, 2012

2012-2013 quebec budget at a glance

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