Montreal, January 29, 2014 – Prosperity in Quebec is definitely in a worrisome state: while the standard of living in the province has barely risen since 1981, public spending has grown constantly. And yet, although Quebec now lacks the means to fulfil its ambitions, it has not only maintained the level of public services offered over the past 30 years, but increased them, as is revealed by a recent study produced by the HEC Montréal Centre for Productivity and Prosperity (CPP). “What is most disturbing is that the Quebec government has had to considerably tighten its fiscal vice in order to maintain the welfare state,” says Robert Gagné, Director of the CPP. “But personal and corporate taxes cannot continue to rise indefinitely without putting the economy at risk. That’s why we think it is essential to sound the alarm and encourage the Quebec government to rethink its approach.”

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