TaxTips.ca - Québec Income Tax Planning Calculator

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Calculators > Québec income tax planning calculator

Detailed Québec Income Tax Calculator

Québec Income Tax Calculator for 2011/2012

Québec Income Tax Calculator for 2010

Québec Income Tax Calculator for 2009

The detailed Québec income tax calculator is a great tax planning and financial planning tool, but will not actually file your tax return for you. It includes most available deductions and tax credits, and pension splitting. It will be especially useful as a tax planning tool for those who have some control over their income, such as

	people making RRIF/RRSP withdrawals
	incorporated business owners
	investors trying to decide between investments which produce capital gains, Canadian dividends, or other investment income

The calculator includes links to information on some of the non-refundable tax credits. The links open in the same window, replacing the calculator, but when the browser Back button is clicked, the previously entered information is still available in the calculator. To open the links in a new window, right-click on the link, and select "Open in New Window".

Features of the current year Québec income tax calculator:

includes tax rates known as of the date shown in the calculator.

calculates taxes for both spouses

calculates Federal alternative minimum tax (ATM) using available information, but does not calculate Québec ATM.

shows savings from RRSP deductions, and marginal tax rate (when RRSP deduction amount is entered)

calculates CPP and EI premiums on employment and self-employment (CPP only) income

option to indicate that employment earnings are not subject to EI premiums (useful for incorporated business owners earning employment income)

calculates OAS clawback and EI clawback

allows pension splitting

tax credits calculated:

basic personal amount

spouse

QC age amount, amount for a person living alone, and amount for retirement income

QC amount for dependents

QC tax credit for experienced workers age 65+ - new for 2012

equivalent to spouse, including dependent child or other eligible dependent

children under 18, with option to choose which spouse claims this amount

pension credit, age amount

disability tax credit

public transit tax credit

child fitness tax credit

First-time homebuyers' tax credit

medical expenses

donations

dividend tax credits

tuition, education and textbooks, student loan interest

QC refundable tax credit respecting the work premium

Working income tax benefit (WITB) - Note: you are required to indicate in the calculator if you are eligible for the WITB. If you indicate that you qualify, the calculator will determine the amount you will receive, if any, based on your income. Read the article on the WITB (above link) to determine if you qualify.

Re WITB Rates used in the Calculator: 2012 rates have been estimated based on the QC inflation factor.

The article on the pension income tax credit explains how pension splitting can result in a pension tax credit for the spouse receiving the transferred pension.

If you want to compare different scenarios, come back to this page to open the calculator a second time (right click the link, and select open in new window), and compare them side by side.

To see the current tax rate tables for each province, go to the Tax Rates page and click on the link for your province, or go to the marginal tax rates page.

FAQ re the Tax Calculators:

Is the "tax savings re RRSPs" the amount of the income tax refund I would get?

Answer:

The "tax savings re RRSPs" is the amount your income taxes will be reduced for that amount of RRSP contribution (make sure the contribution doesn't exceed your RRSP deduction limit - this is not checked by the calculator). Compare the total income taxes result from the calculator to what you have actually paid during the year to determine the amount of your refund.

Basic Tax Calculator

If you are looking for a more simple tax calculator, see our Basic Canadian Income Tax Calculator, where you input your income from capital gains, Canadian eligible and non-eligible dividends, and other income, in order to see the taxes payable for a single person.

See topics and glossary items related to the online tax calculators:

	Alternative minimum tax (as it relates to eligible Canadian dividends)
	Capital gains and losses
	CCPC
	CPP, QPP and EI premiums
	Québec dividend tax credits
	Employment income
	Foreign income and other amounts - reporting them on your tax return
	Marginal tax rate
	Non-taxable amounts
	Pension splitting
	Québec Personal tax credits
	RRSP Deduction
	Taxable Income, Net Income and Total Income
	Working in another province

Check out our other calculators.

Revised: January 28, 2012

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