The Legault administration pounced on the massive bowl of the $500 anti-inflation tax credit offered to 6.4 million taxpayers with net incomes of $100,000 or less to reimburse taxes and government debt to obtain.
Some 213,158 Quebec taxpayers were ineligible for the famous $500 refundable tax credit because of their debt to the government. The Legault government used the loan to repay itself.
In addition to those hundreds of thousands of taxpayers who did not see the color of the $500 tax credit, there are 142,106 other taxpayers who received only a portion of said $500 tax credit, with the CAQ government usurping the remainder of the credit has reimbursement to the government.
While the Legault administration took its generosity to the point of paying $1,000 to couples earning a net income of $200,000 (ie $100,000 per couple), it played stingy by borrowing $500 of that tax credit for those 355,264 taxpayer reimbursed.
Why is it hateful?
I find it unreasonable to take the bread out of the mouths of these taxpayers, who are undoubtedly among the least affluent in society.
When governments introduce financial support measures to help households absorb some of the cost of living rises, all intended beneficiaries should be able to benefit, even those struggling with tax debts or other government debt.
To justify this confiscation of these $500 tax credits intended for these hundreds of thousands of taxpayers who owe the government money, Treasury Secretary Eric Girard hid behind the Tax Administration Act.
This law allows him to use the amount of that tax credit to pay off a debt that people owe to the state. Changing the said law was out of the question for him.
But last fall…
When the 1st refundable tax credit was introduced last autumn to offset the increase in the cost of living, François Legault and his tax officer decided not to apply the rules for apportioning and offsetting the tax Tax Administration Act.
This allowed the 3.3 million eligible Quebecers to collect the loans on offer as a one-time lump sum financial assistance: $200 per adult, plus an additional $75 in the case of a single person.
Now that the Legault administration has voted to confiscate the $500 anti-inflation tax credit that taxpayers are earmarked for self-refund, that’s an arm twist in my eyes.
This is a nice head start for households who have seen the government use the $500 tax credit to reimburse themselves rather than give them the $500 to help them survive in these times of inflation .
If Prime Minister François Legault and his minister Eric Girard consider it justified to pay a $1,000 anti-inflation credit to a household with a net income of $200,000, then I think they have a moral, social and governmental obligation to return the $500 they receive from the 355,264 Quebecers have withdrawn, for the purpose of repaying a national debt.
And it pushes!