Québec -> Personal tax
credits
Québec Personal
tax credits
Personal tax
credit rate
Unlike other provinces and territories, Québec does not apply the lowest
provincial tax rate (16%) in calculating
the non-refundable tax credits. The rate used
is 20%.
Basic personal
amount
The
Québec calculation
for non-refundable personal tax credits is different from
the federal and other provincial calculations. The
amounts for EI, QPP, QPIP and contributions to the health
services fund are added to a basic personal amount of $6,730 for 2008 ($6,650 for
2007). This total is compared to the
minimum basic personal amount of $10,215 for 2008 ($9,745 for 2007), and
the greater of the two amounts is used to calculate the
non-refundable tax credit for the basic personal amount.
Refundable tax credit
respecting the work premium
People with income from employment or from carrying on
a business may apply for the work premium, which is
calculated based on income and dependents. For more
information see the Québec Revenue Ministry Work
Premium web page. Calcul@ide,
on the Régie des Rentes Québec (RRQ) website, will help you estimate the
amount of refundable tax credit you will receive for the Work Premium.
See also: QC Tax amounts
subject to indexation.
See also on Revenu Québec website:
