MONTREAL – Quebec’s Finance Minister Carlos Leitao tabled the province’s 2015-16 budget Thursday.
It’s the first balanced budget since 2008.
Here’s what you need to know:
$197.1 billion: Quebec’s gross debt as of March 2014, estimated to reach $210.5 billion by March 2016
$80.7 billion: the amount it takes to balance the budget on own-source revenue
$19.4 billion: in federal transfers
$2.35 billion: the 2014-15 deficit, as projected last year
READ MORE: Quebec tables balanced budget as it aims to slice its massive debt
11.5: per cent – the corporate general income tax will be reduced from 11.9 per cent starting in 2017
2019: the year the health tax will be fully eliminated
63: seniors over this age will receive a new tax credit of up to $602 in 2017 and $902 in 2018. For those 65 and over, the amount in 2018 will be $1,504
2: the percentage of expected economic growth
0: new taxes
GALLERY: Quebec’s reveals it’s 2015-16 budget
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