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Quebec finance minister announces personal income tax cuts

Click to play video: 'Quebec Finance Minister Carlos Leitao explains tax cuts'
Quebec Finance Minister Carlos Leitao explains tax cuts
WATCH: Global News Montreal Senior Anchor Jamie Orchard speaks to Quebec Finance Minister Carlos Leitao about his economic update, which includes money for school expenses and income tax cuts for the middle class – Nov 21, 2017

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

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.

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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.

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