The Parti Québécois is moving to hike taxes on higher-income earners in the province. The PQ says it will introduce two new tax brackets immediately –incomes over $130,000 and those over $250,000. It also said it would consider bringing in a higher tax on dividends and capital gains. While the new tax rates have yet to be determined, during the election campaign the party said it would consider a four per cent increase to 28 per cent on taxable income above $130,000. Another three per cent increase would be placed on income above $250,000, bringing the provincial tax rate to 31 per cent for that group. Combined with federal tax rates, Quebec’s higher-income earners will remain the most heavily taxed in the country.
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