Quebec finance minister announces personal income tax cuts

Quebec’s finance minister is cutting income taxes, injecting money into health and education and financing a plan to fight poverty.

READ MORE: Quebec to announce personal income tax cuts in economic update

Carlos Leitao held a news conference in Quebec City Tuesday afternoon to give an update to the province’s finances.

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The government says a family of two adults and two children that earns $88,000 a year will see a tax reduction of $1,200, while a single person who earns $44,000 will save $500.

Families will also receive $100 for each child so they can purchase school supplies.

READ MORE: Quebec concerned about impact of federal tax proposals

The measure will be retroactive to this year and parents will receive a first cheque in January.

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

Leitao’s announcement comes less than a year before the next provincial election, which is set for Oct. 1, 2018.