Québec solidaire adopted a progressive wealth tax targeting fortunes exceeding $25 million [1] during its party congress in Montreal.

This policy shift signals the party's strategy to target the wealthiest residents of the province as it prepares for the upcoming provincial election in October. By adjusting the threshold, the party seeks to balance its redistributive goals with a more targeted approach to capital taxation.

The decision follows a series of fluctuations in the party's fiscal proposals. During a 2022 campaign, the party had suggested a threshold of $1 million [2]. That figure was later raised to $50 million [3] before the party ultimately settled on the current $25 million [3] mark.

During the congress, members also considered a separate proposal to tax capital starting at $5 million [4]. However, the party rejected this lower threshold [4].

The move to target fortunes above $25 million [1] represents a departure from the more aggressive taxation levels proposed in previous years. The party aims to increase taxation on the richest Quebecers to fund public services and reduce economic inequality, a central pillar of its platform heading into the autumn election cycle.

“Québec solidaire adopted a progressive wealth tax targeting fortunes exceeding $25 million.”

The decision to set the wealth tax threshold at $25 million suggests a strategic pivot by Québec solidaire to avoid alienating the upper-middle class while maintaining a hardline stance against extreme wealth concentration. By rejecting the $5 million threshold, the party is narrowing its target to the 'ultra-wealthy,' likely to minimize political risk and economic flight while still presenting a progressive fiscal alternative for the October election.