Quebec -> Tax Rates -> 2016 & 2017 Marginal Tax Rates -> Quebec 2016 & 2017 Income Tax Rates
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.
Please read the article Understanding the Tables of Personal Income Tax Rates.
Quebec Personal Income Tax Brackets and Tax Rates |
|||||||||
| 2017 Taxable Income | 2017 Tax Rates | 2016 Taxable Income | 2016 Tax Rates | ||||||
| first $42,705 | 15.00% | first $42,390 | 16.00% | ||||||
| over $42,705 up to $85,405 | 20.00% | over $42,390 up to $84,780 | 20.00% | ||||||
| over $85,405 up to $103,915 | 24.00% | over $84,780 up to $103,150 | 24.00% | ||||||
| over $103,915 | 25.75% | over $103,150 | 25.75% | ||||||
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). |
|||||||||
|
Quebec Basic Personal Amount |
|||||||||
| 2017 Personal Amount | 2017 Tax Rate | 2016 Personal Amount | 2016 Tax Rate | ||||||
| $14,890 | 15% | $11,550 | 20% | ||||||
|
Federal Basic Personal Amount |
|||||||||
| 2017 Personal Amount | 2017 Tax Rate | 2016 Personal Amount | 2016 Tax Rate | ||||||
| $11,635 | 15% | $11,474 | 15% | ||||||
Copyright © 2002 Boat Harbour Investments Ltd.
Revised: April 15, 2018