Premier Pauline Marois made the surprise announcement on Sunday in Montreal, as she gave her opening address at an international congress for hundreds of palliative care experts from around the French-speaking world.
More than 300 people attended the second annual congress.
Quebec Minister for Social Services Veronique Hivon said the new funding will help answer the needs of people who are sick and suffering, as well as their families.
Out of the funding, $4 million will go towards creating more beds in care centres. The remaining $11 million will be used to improve palliative care at home.
Some of that money is expected to help train family members to care for their terminally ill relatives in the comfort of their own homes.
The investment will also help fund projects to support spouses and children who are dealing with the hardship of a dying loved one.