In the Budget Speech on March 25, 2025, the Minister of Finance of Québec announced that the rate of the deduction in respect of the cooperative investment plan will decrease from 125% to 100% for a qualifying security acquired after March 25, 2025.

For the purposes of the deduction, the adjusted cost of a qualifying security acquired after March 25, 2025, will be 100% (instead of 125%) of the acquisition cost of that security, without taking into account the borrowing costs and other costs related to the acquisition. Thus, if an employee authorizes their employer to deduct an amount from their remuneration to acquire a qualifying security after March 25, 2025, the employer must deduct 100% (instead of 125%) of that amount from their gross remuneration for each pay period.

However, the rules relating to the 30% limit on total income applicable to the deduction remain unchanged.

For more information, see Budget 2025-2026 – Additional information on the Ministère des Finances website.