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Quebec 2016 and 2017 Personal Marginal
Income Tax Rates
The Quebec tax brackets and personal
amount are increased for 2017 by an indexation factor of 1.0074. Quebec's indexation factor is calculated
using the Quebec consumer price index (CPI) without alcoholic beverages and tobacco
products. The Federal tax brackets
and personal amount are increased for 2017 by an indexation factor of
1.014. The indexation factors, tax rates and increases to tax brackets have
been confirmed
to Revenue Quebec and Canada Revenue Agency information.
The Quebec November 21,
2017 Economic Plan Update reduced the 2017 personal tax credit
rate and lowest tax bracket rate to 15%, a further reduction from the Quebec 2017 Budget
reduction
to 16% from 20%.
As a result of the reduction to 16%, the amounts of many credits were increased so that the tax
reduction will be the same as it was with the 20% rate, except for the
basic personal amount. It was increased more, so that the
tax reduction is increased by $55 per person. The basic personal
amount was not revised further with the reduction in the lowest tax rate to
15%.
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
2017
Taxable Income
2017
Marginal Tax Rates
2016
Taxable Income
2016
Marginal Tax Rates
Other
Income
Capital
Gains
Canadian
Dividends
Other
Income
Capital
Gains
Canadian
Dividends
Eligible
Non-Eligible
Eligible
Non-Eligible
first $42,705
27.53%
13.76%
4.26%
13.68%
first $42,390
28.53%
14.26%
5.64%
14.85%
over $42,705 up to
$45,916
32.53%
16.26%
11.16%
19.53%
over $42,390 up to
$45,282
32.53%
16.26%
11.16%
19.53%
over $45,916 up to $85,405
37.12%
18.56%
17.49%
24.90%
over $45,282 up to $84,780
37.12%
18.56%
17.49%
24.90%
over $85,405 up to
$91,831
41.12%
20.56%
23.01%
29.58%
over $84,780 up to
$90,563
41.12%
20.56%
23.01%
29.58%
over $91,831 up to $103,915
45.71%
22.86%
29.35%
34.95%
over $90,563 up to $103,150
45.71%
22.86%
29.35%
34.95%
over $103,915 up
to $142,353
47.46%
23.73%
31.77%
37.00%
over $103,150 up
to $140,388
47.46%
23.73%
31.77%
37.00%
over $142,353 up to $202,800
49.97%
24.98%
35.22%
39.93%
over $140,388 up to $200,000
49.97%
24.98%
35.22%
39.93%
over $202,800
53.31%
26.65%
39.83%
43.84%
over $200,000
53.31%
26.65%
39.83%
43.84%
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
17%.
For more information see Quebec dividend tax
credits.
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