The proposed budget would not impose new taxes or income tax increases; corporate income tax rates would remain unchanged.The budget introduces a new refundable tax credit for R&D, innovation, and pre-commercialization to replace certain existing tax credits, effective for tax years beginning after 25 March 2025.The Québec Finance Minister anticipates deficits of CA$13.6b for 2025—2026 and CA$9.5b for 2026—2027.Several tax credits would be abolished, including those for research and development salaries and private partnership pre-competitive research, affecting eligible corporations and partnerships.The proposed budget would amend the refundable tax credit relating to mining to include certain development expenses incurred after 25...