Quebec to announce personal income tax cuts in economic update

Quebec’s finance minister is announcing personal income tax cuts are in the offing.

READ MORE: Quebec will force online companies to collect sales tax

Carlos Leitao said Wednesday details of the cuts will be announced in next Tuesday’s economic update.

READ MORE: Quebec gets credit rating upgrade, surpasses Ontario for first time: Leitao

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Leitao says in a video posted to Facebook alongside Premier Philippe Couillard that citizens in what he calls the middle-income tax brackets will see a concrete reduction in taxes.

The finance minister adds the economic update will include a plan he says is unique in North America to help reduce poverty.

READ MORE: Quebec concerned about impact of federal tax proposals

Quebec tabled its third consecutive balanced budget last spring, which included a modest $55 tax cut for the 2017 tax year.

READ MORE: When it comes to the economy, Quebec has earned top bragging rights in Canada

At that time Leitao said the province was on pace to end the 2017-18 fiscal year with a $2.5-billion surplus.