Une évaluation de l’effet du crédit d’impôt pour prolongation de carrière sur l’emploi et le taux d’activité des travailleurs de 60 ans et plus au Québec

Abstract

Following in Suede’s and Australia’s footsteps, the Government of Québec introduced the Tax credit for experienced workers in 2012, encouraging older workers to remain in or return to the labour market. This program became de Tax credit for career extension (TCCE) in 2019. Using public microdata files of the Statistics Canada’s Labour Force Survey and the province of Ontario as a reference group, the effect of this income tax credit on older workers’ activity and employment rates was assessed with the difference-in-differences method. According to a probit analysis, the TCEW had a positive and significative effect on the possibility of employment and activity in most age and sex subgroups of workers aged 60 and over. From 2012 to 2019, the credit was considered to have contributed to maintain or create an average of a little less than 27,000 jobs per year, at an average annual cost of $4,800 per job, which gives Québec an edge over countries with comparable policies. This inferred that a program targeting age and income groups can significantly improve this fiscal instrument performance.