TaxTips.ca - Québec 2011/2012 Income Tax Calculator

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Amounts are recalculated automatically when you tab out of a cell or click elsewhere with your mouse, or click the Calculate button.
To open links without closing the calculator, right-click on the link and select open in new window.			Province	QC		Choose tax year
				Taxpayer		Spouse
			Birth year				Combined Taxes Payable
Birth month (needed for CPP premiums if turning 18 or 70 during year)							Taxpayer
Are you eligible to claim the disability amount tax credit?							Spouse
Are you single? (must be "N" to calculate spouse tax)							Total
Are you eligible to claim the working income tax benefit (WITB)?
Prescription drug insurance plan - # of months for which you are required to pay the premium:
# of months from Jan to Jun in the tax year
# of months from Jul to Dec in the tax year
CHILDREN AND OTHER DEPENDENTS
# children age 16 or less at Dec 31 of tax year -born
# children age 17 at Dec 31 of tax year -born
Total # children age 17 or less at Dec 31
# dependents age 18 at Dec 31 -born					<- Only enter dependents here that are eligible for the QC "Amount for other dependents" tax credit - i.e., full-time students pursuing vocational training at the secondary level or post-secondary studies.
Birth month of dependents age 18 at Dec 31:
If more than one, put in the average of the birth months
# dependents age 19+ at Dec 31 -born
Total # children & other dependents at Dec 31 of the tax year
If not single, claim dependent tax credit on the return of
If eligible, claim the Federal equivalent to spouse (eligible dependent) tax credit for ONE of the following dependents:
Child age 18 or less at the end of year
Age of this child at the end of year (zero if under 1)
OR other eligible relative
Net income of dependent claimed as equivalent to spouse
INCOME							Taxable Income
				Taxpayer		Spouse	Taxpayer		Spouse
Income from:							Fed	QC	Fed	QC
	Employment (RL-1 Box A, T4 Box 14)
	Are you required to pay EI premiums on ALL empl. earnings (up to annual max)?
	If you answered "N" above, please enter the insurable amount of your earnings, if any, below:						""
	EI insurable earnings						""
	Are you required to pay QPP contributions on ALL empl. earnings (up to annual max)?
	If you answered "N" above, please enter the pensionable amount of your earnings, if any, below:						""
	QPP pensionable earnings						""
	Self-employment (include business income/loss from rentals)
	Universal child care benefit (UCCB) - added to income under line 275 for QC
	- will be claimed by spouse with lower "net income before adjustments"
	Employment insurance benefits (EI)
	Old Age Security (OAS)
	QPP retirement or disability pension
	# months in year collecting CPP or QPP disability (not retirement) pension
	Capital gains in excess of capital losses (zero if negative)
	Cdn dividends eligible for enhanced div tax credit (RL-3 Box A1, T5 Box 24)
	Cdn non-eligible dividends (RL-3 Box A2, T5 box 10)
	RRSP/RRIF withdrawals (when not eligible for pension tax credit)
	Other income (include property income/loss from rentals) - FEDERAL
	Other income (include property income/loss from rentals) - QC
	Pension income (eligible for pension tax credit for persons 65+)
	Qualified pension income (eligible for pension credit for any age)
	Qualified pension income (eligible for pension tax credit even if taxpayer is under 65) includes - life annuity payments from a superannuation or pension plan - pmts from a RRIF, or annuity pmts from an RRSP or from a DPSP, received as a result of the death of a spouse or common-law partner.
Pension splitting - maximum allowable is 50% of eligible pension income.
				Taxpayer		Spouse	Taxpayer		Spouse
	Make sure birth year is entered for both Taxpayer and Spouse						Fed	QC	Fed	QC
	Number of months married or living common-law
A.	Total pension income eligible for pension tax credit (based on age)
	Maximum pension amount transferable (50% x A/12 x #months married)
	Amount that you are electing to transfer - from taxpayer to spouse
	Amount that you are electing to transfer - from spouse to taxpayer
	Transfer of pension income	$ from taxpayer to spouse
		$ from spouse to taxpayer
	Any resulting additions to pension income are shown here, and reductions to income are in deductions area.
	After pension splitting - pension income eligible for pension tax credit
	Transfer of tax withheld from eligible pension income:
	Total tax deducted from pension income of taxpayer		Federal
			QC
	Total tax deducted from pension income of spouse		Federal
			QC
Total income for tax purposes - line 150 Fed, line 199 QC
DEDUCTIONS							Taxpayer		Spouse
				Taxpayer		Spouse	Fed	QC	Fed	QC
	RRSP deduction
	Other deductions - FEDERAL
	Other deductions - QC
	Deduction for elected split-pension amount
	Deduction for 50% of QPP on self-employment income
	Deduction for employer portion of QPIP on self-employment income
	Deduction for workers
Net income before adjustments (for calculation of clawbacks, zero if negative) - line 234 Fed
	Clawback of EI and OAS
Net income for tax purposes - line 236 Fed, line 275 QC
	Universal child care benefit (UCCB) QC - from input in income area
	Net capital losses of other years (after Oct 17, 2000)
	Non-capital losses of other years
Taxable income (zero if negative) - line 260 Fed, line 299 QC
	Less dividend gross-up
	Add back non-taxable portion of capital gains less capital losses carried forward
	Add back clawbacks (the clawbacks are treated as another tax for the average tax rate calculation)
Adjusted taxable income (zero if negative) for average tax rate calculation at bottom
NON-REFUNDABLE TAX CREDITS
				Taxpayer		Spouse
Public transit costs (Federal)
Federal child fitness amounts max $500 for each child age 16 or less
Federal first-time homebuyers' tax credit (max $5,000 per qualifying home)
Medical expenses-usually best claimed by lower income spouse
QC Prescr. Drug Insurance Plan Premiums remitted on prior yr tax return
Federal tax return - claim medical on tax return of
QC tax return - claim medical on tax return of
Charitable donations-usually best claimed by higher income spouse
Medical and donations can be claimed by either spouse-see which one works best. Donations can be carried forward and used in a future year.										&nb

TaxTips.ca Calculators -> Québec Tax Calculator information