Quebecers who consider themselves privileged will give up the $500 tax credit provided for in the last budget to donate it to charities.
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“It is time that we help people in misery. This $500 is not being sent to the right place. I’m going to send him to a food bank in my area. I’m not a millionaire, but I’m going to help,” says Joël Simard, a veteran who lives in Alma.
This father of two young children under 3 deplores the management of the tax credit unveiled Wednesday by the government of François Legault. The latter announced that all Quebecers who earn less than $100,000 per year will be entitled to assistance of $500.
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Joël Simard, a young father from Alma, plans to donate $500 to a food bank in his region.
“It shocks me. It is inconceivable that a single parent who earns $40,000 and a 20-year-old who lives with his parents both receive the same amount. They wanted to give money before the elections, but it’s a bit garroché”, deplores Mr. Simard.
Note that 6.4 million adults will be entitled to this government assistance to counter the effects of inflation.
Solidarity Movement
The newspaper found that dozens of Quebecers wrote on social networks that they were going to give their new tax credit to the most disadvantaged. The initiative was born in large part thanks to comedian Louis T.
“Thank you to the CAQ, but I won’t need it. People will need it more than me,” he wrote in a Twitter post. His message was accompanied by a screenshot displaying his $500 donation to the “Bouffe pour tous” food bank in Longueuil.
“They want to buy my vote”
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In a show of solidarity, Quebecers who consider themselves privileged will forgo the $500 tax credit provided for in the last budget and will instead pay it to charities. In this photo: Vincent Poirier will donate to an organization helping the homeless in Sherbrooke. Photo credit: courtesy
This publication inspired Sherbrooke teacher Vincent Poirier. He will donate his amount received by the Legault government to an organization helping homeless people in Estrie.
“Financially, I am lucky to afford to give this amount. I also do it for ideological reasons. I have the impression that people want to buy my vote like in the days of Maurice Duplessis with a little check. For me, it’s a way of telling the CAQ to give the money where it’s needed,” criticizes Mr. Poirier.
Help for single-parent families
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Danièle Delorme, who lives in Estrie, will donate $500 to an organization helping single parents.
Danièle Delorme says she understands that the CAQ already has a lot to deal with. For her part, she will donate the $500 to the Support network for single-parent and blended families in Estrie (RAME).
“For me, single-parent families are the ones who are suffering the most at the moment with the crisis. I am lucky to be able to give them. We tend to put everything on the back of the government, but I believe that each individual must do their part at the moment,” said Ms.me Delorme.
$500 to MPs too
Prime Minister François Legault also defended on Wednesday the granting of $500 to certain deputies in the National Assembly who are eligible for it.
“Whether it’s a nurse who earns $85,000, a teacher or an MP, I think these people have been affected,” said Premier François Legault. It is rare that we see rents, groceries, gasoline increase so significantly.
Up to $265 back
Quebecers who give the famous $500 instead of keeping it will be able to recover up to $265 thanks to tax credits for donations from Quebec and Ottawa.
- For the first installment of $200 donationQuebec offers 20% and Ottawa, 15%.
- For the excess, it goes to 24% in Quebec and 29% federally.
- In the event that the donation of $500 is the only one of the year, we are talking about a total credit of $229.
- In the event that the $500 is in addition to a previous $200, the “return” is $265.
- This is a non-refundable credit, so you can only get it if you already pay tax, but it can be carried forward for 7 years.
— Julien McEvoy