Quebec’s fiscal plan is generally competitive and especially advantageous for manufacturing companies. The main factors contributing to this level of financial competitiveness in Quebec are:
- The taxation level on corporate revenue is significantly lower than in Ontario, and generally lower than in the majority of the U.S. and most of the G8 countries.
- Financial help for research and development, and investments.
- Reimbursement of Federal (G.S.T) and Provincial input sales taxes (P.S.T.)
A 5 year tax break for new companies in the form of a complete exemption of revenue tax for the first $200,000 earned. There is also a comparable advantage for payroll tax and the tax on capital.
The fiscal reform of companies maintains many essential characteristics of Quebec companies’ taxation system that make one of the most competitive fiscal plans in North America.
Coteau-du-Lac municipal tax
Property tax on non-residential buildings is relatively low at $1.00 per $100.
There is no business tax. Tax on empty lots at $0.90 per $100.
The commercial water tax is $257 to $640 and garbage collection is $316 to $655 per year.