TaxTips.ca
Quebec 2025 & 2026 Investment Income Tax Calculator

Home  ->  TaxTips.ca Calculators -> Investment Income Tax Calculator information page

Note:  This calculator will retain data.  Click Reset before closing if using on a public computer.

TaxTips.ca Quebec Investment Income Tax Calculator
Illustration of the Effect of Different Investment Income Types
Tax Year
    Taxes Payable
Taxpayer Information   Taxes Before Clawback
Province of Residence QC
Clawback Payable
Birth Year
Total Taxes Payable
After-tax Income
Income Actual Taxable   Try shifting income from other income to Canadian eligible or non-eligible dividends, and see the difference in taxes payable, even when the OAS clawback might increase.

Enter above results below, shift some income, or change the tax year, and see the difference.
Old Age Security
QPP/CPP
Capital Gains
Enter the actual amount of capital gains in excess of losses.
Canadian Eligible Dividends
Enter the actual amount of dividends.
Canadian Non-Eligible Dividends
    Enter the actual amount of dividends.   Previous Calculation Results
RRSP/RRIF Withdrawals
Taxes Before Clawback
Only include RRIF withdrawals if age is less than 65, not eligible for pension credit.
Clawback Payable
Other Income
Total Taxes Payable
Include interest and foreign dividends, etc. After-tax Income
Pension Income Eligible for the Pension Tax Credit
    This would include RRIF withdrawals when age is 65+.   Increase / (Decrease)
Pension income not eligible for the pension tax credit should be in other income.
Taxes Before Clawback
Clawback Payable
Less OAS Clawback
Total Taxes Payable
Actual and Taxable Income
After-tax Income
If income is moved from "other income" to Canadian dividends, total taxes will be reduced even as the OAS clawback increases.
This calculator includes the same tax credits as the Detailed Quebec Income Tax and RRSP Savings Calculator, as well as AMT where applicable.
Calculations are based on tax rates known as of December 13, 2025.
TaxTips.ca Detailed Quebec Tax & RRSP Savings Calculator      
Tax Year
Taxpayer Spouse
Income from: Federal QC Federal QC
Employment
EI regular benefits
Old Age Security (OAS)
CPP/QPP retirement or disability pension
Self-employment
Capital gains
Cdn eligible dividends
Cdn non-eligible dividends
RRSP/RRIF withdrawals
FHSA withdrawals when taxable
Other income
Pension income
Qualified pension income
Pension split with spouse
Total income for tax purposes - Line 15000 Fed, line 199 QC
Deductions:
RRSP deduction
FHSA deduction
Child care costs deduction
Other deductions
Pension split with spouse
Enhanced QPP contributions employment income
Enhanced QPP contributions self-employment income
50% of regular QPP contributions on self-employment income
Deduction for employer portion of QPIP on self-employment income
Deduction for workers
Net income before adjustments - Line 23400 Fed
Clawback of EI and OAS
Net income for tax purposes - Line 23600
Net capital losses of other years
Non-capital losses of other years / Capital gains deduction
Taxable income (zero if negative) - Line 26000
Taxpayer Spouse
Federal QC Federal QC
Tax before non-refundable tax credits (A) Line 40400
Basic personal amount
Spouse/equivalent
Age amount 
QC age amount, person living alone, amount for retirement income
Amount for dependents (QC)
Canada employment credit amount (Fed)
Federal pension amount
Disability amount
Federal first-time homebuyers' amount
Federal home accessibility tax credit
Federal multigenerational home renovation tax credit
Federal adoption expenses tax credit
Employment insurance
QPP on empl earnings (excluding Enhanced QPP deducted above)
1/2 QPP on self-empl earnings (excl. Enhanced QPP deducted above)
QPIP premiiums paid on employment earnings
QPIP premiiums paid on self-employment earnings
Volunteer firefighter or search ans rescue
Federal tuition, education and textbook amounts
Amounts transferred from spouse
Federal student loan interest
Federal medical expenses
Subtotal for non-refundable tax credits Federal Line 33500 (A)
Tax credit rate
Line 33800 Non-refundable tax credits
Quebec student loan interest
Quebec medical expenses
Total amount for Quebec non-refundable tax credits (B)
Career Extension tax credit for age 60+
Federal top-up tax credit
Donations tax credit
QC Tuition and examination fees tax credit
Non-refundable tax credits before dividend tax credits Line 35000
Tax subtotal before dividend tax credits - Line 40600
Dividend tax credit eligible dividends
Dividend tax credit non-eligible dividends
Credits transferred from one spouse to the other
Subtotal federal and QC tax (zero if negative) Lines 42900/40600
Federal alternative minimum tax (AMT)
Advance Canada Workers Benefit (ACWB) received
QC refundable adoption expenses tax credit
QC refundable tax credit for childcare expenses
Income tax payable (refundable if negative)
Less total income tax deducted
Transfer of withholding tax re pension splitting
Adjusted total income tax credits
Balance payable (refund due if negative)
Grand total payable (refundable) taxpayer & spouse
This calculator is intended to be used for planning purposes.  It does not include every available tax credit.  We strive for accuracy, but cannot guarantee it. Before making a major financial decision you should consult a qualified tax professional.

Alternative minimum tax (AMT) is estimated based on available information input into the calculator. Individuals who may be subject to AMT, or who do not have a simple tax situation, should be seeking advice from a tax lawyer or CPA tax specialist.
 

Tax Tip: Don't avoid Canadian dividends just because of the OAS clawback - they are more tax-efficient than most other income, and can reduce your taxes even though your clawback is increasing!

Questions or comments on the Quebec Investment Income Tax Calculator? 
We normally reply within 2 business days - no reply? Check your spam folder.

Revised: December 13, 2025