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Quebec 2014 and 2015 Personal Marginal
Income Tax Rates
The Quebec tax brackets and personal
amount were increased for 2015 by an indexation factor of 1.0106. Quebec's indexation factor is calculated
using the consumer price index (CPI) without alcoholic beverages and tobacco
products. The Federal tax brackets
and personal amount were increased for 2015 by an indexation factor of
1.017, and the federal amounts been
confirmed. The Quebec factor and amounts have been confirmed, with no
adjustments necessary.
The tax rates below include the reduction in rate due to the federal tax
abatement of 16.5% of federal tax. However, this abatement is applied to
the net federal tax after deducting the basic personal amount. For this
reason, the federal personal amount tax credit is also reduced by 16.5%, which is
not reflected below.
Combined Federal
& Quebec Tax Brackets and Tax Rates
2015
Taxable Income
2015
Marginal Tax Rates
2014
Taxable Income
2014
Marginal Tax Rates
Other
Income
Capital
Gains
Canadian
Dividends
Other
Income
Capital
Gains
Canadian
Dividends
Eligible
Non-Eligible
Eligible
Non-Eligible
first $41,935
28.53%
14.26%
5.64%
14.49%
first $41,495
28.53%
14.26%
5.64%
14.49%
over $41,935 up to
$44,701
32.53%
16.26%
11.16%
19.21%
over $41,495 up to
$43,953
32.53%
16.26%
11.16%
19.21%
over $44,701 up to $83,865
38.37%
19.19%
19.22%
26.10%
over $43,953 up to $82,985
38.37%
19.19%
19.22%
26.10%
over $83,865 up to
$89,401
42.37%
21.19%
24.74%
30.82%
over $82,985 up to
$87,907
42.37%
21.19%
24.74%
30.82%
over $89,401 up to $102,040
45.71%
22.86%
29.35%
34.76%
over $87,907 up to $100,970
45.71%
22.86%
29.35%
34.76%
over $102,040 up
to $138,586
47.46%
23.73%
31.77%
36.83%
over $100,970 up
to $136,270
47.46%
23.73%
31.77%
36.83%
over $138,586
49.97%
24.98%
35.22%
39.78%
over $136,270
49.97%
24.98%
35.22%
39.78%
Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up amount).
Marginal tax rate for capital gains is a % of total capital gains
(not taxable capital gains).
Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 18% in 2015 and
2014.
For more information see Quebec dividend tax
credits.
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