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Canada: Tax measures in 2026 budget (Quebec)

Changes to corporate tax credits and expanded eligibility for refundable tax credits

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march 23, 2026

Quebec’s Finance Minister on March 18, 2026, presented the province’s 2026 budget. The budget does not propose changes to corporate or individual (personal) income tax rates but introduces modifications to several corporate tax credits.

Corporate tax changes would adjust the tax credit for the development of e-business integrating artificial intelligence functionalities (TCEBAI). These changes, effective for tax years beginning after December 31, 2025, add specialized AI consulting services to eligible activities and allow certain preparatory work to be considered an activity primarily related to e-business. The budget also enhances the refundable tax credit to support print media by expanding eligibility to news agencies and increasing the annual limit for qualified wages.

Individual tax changes would allow Revenu Quebec to file income tax returns on behalf of certain low-income individuals for the 2026 tax year. Other tax changes involve adjustments to mandatory and preventive disclosure mechanisms, effective for transactions carried out beginning after March 18, 2026.

Read a March 2026 report prepared by the KPMG member firm in Canada

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