New Details About Quebec's Next Inflation Cheques Are Out & You Could Get Up To $600
Here's who qualifies for the maximum payment.
Canadian banknotes.
Quebec Finance Minister Eric Girard has confirmed a long-discussed plan to give Quebecers a second infusion of cash. The government's goal is to help households deal with inflation.
The proposal, announced by Girard Monday, is largely consistent with preliminary details shared by Premier François Legault's office in October, with some tweaks.
Under the latest plan, Quebecers who declared less than $50,000 in income on their 2021 taxes are on track to get $600. Payments would range between $400 and $600 for people in the $50,000-$54,000 bracket, and Quebecers who made between $54,000 and $100,000 would get $400. Finally, residents who declared between $100,000 and $104,000 in income would get under $400.
The finance minister said about 1.5 million adults would be eligible for payments of $400, and 4.6 million would be eligible for the $600 payments.
The measure is expected to cost the province $3.5 billion.
\u201cL\u2019inflation touche tous les Qu\u00e9b\u00e9cois. Pour les aider, nous remettrons d\u00e8s d\u00e9cembre entre 400$ et 600$ \u00e0 ceux dont le revenu annuel ne d\u00e9passe pas 100 000$. C\u2019est un engagement important. Nous continuerons d\u2019aider les citoyens \u00e0 faire face \u00e0 la hausse du co\u00fbt de la vie.\u201d— Eric Girard (@Eric Girard) 1668006459
As with the first round of payments for residents at the beginning of 2022, Revenu Québec will automatically deliver these sums either through direct deposit or cheques.
The government specified in a press release that people who would be eligible for the next payments but who haven't filed their 2021 tax returns would have until June 30, 2023, to do so and claim their money.
Girard called the measure a "significant and targeted step to help Quebecers get through the turbulent times that are hitting economies around the world."
Meanwhile, opposition parties have been critical of the proposal.
This is a developing story. Check back for more details.