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Home  ->  Quebec Income Tax   ->   Personal tax credits -> Tax credits and deduction amounts subject to automatic indexation

Quebec Tax Credits and Deductions Subject to Automatic Indexation

The Quebec tax credits in this table are indexed each year using the increase in CPI inflation.  The index used is CPI excluding alcohol, tobacco products and recreational cannabis.  The average of this index from October 2022 to September 2023 is compared to the average of the index from October 2021 to September 2022.  The increase was 5.08%, which is used for the indexation factor for 2024 amounts.  Some amounts are rounded to the nearest $1, and some are rounded to the nearest $5.

The Quebec 2023 Budget reduced the 2023 tax rate for the lowest 2 tax brackets, which reduced the rate for personal tax credits to 14%, but 4 credit amounts were increased so that the tax effect for these would be zero.  The basic personal amount rate is 14% for 2023 and later years.  The amounts that have been increased in 2023 are in bold print.

The 2024 indexed amounts have been confirmed to the Quebec Finance Ministry Amounts.

Not all of these amounts are included in the Quebec Tax and RRSP Savings Calculator.

Links to Quebec Ministry of Finance documents - see below.

Non-refundable tax credits - tax credit is 14% of stated amount, 15% for 2022 & earlier years 
  2024 2023 2022 2021 2020
Basic personal amount 18,056 17,183 16,143 15,728 15,532
Amount for a person living alone:
     basic amount 2,069 1,969 1,850 1,802 1,780
     single-parent family supplement 2,554 2,431 2,284 2,225 2,197
Age amount for person over 65 3,798 3,614 3,395 3,308 3,267
Amount for retirement income (pension income amount) 3,374 3,211 3,017 2,939 2,902
Amount of transfer of recognized parental contribution
     maximum amount of recognized needs 13,280 12,638 11,081 10,796 10,662
     reduction when only one study term completed 3,717 3,537 3,101 3,021 2,983
Amount for a child under 18 enrolled in post-secondary studies (per term) 3,717 3,537 3,101 3,021 2,983
Amount for other dependants 5,416 5,154 4,519 4,403 4,348
Amount for severe and prolonged mental or  physical impairment 4,009 3,815 3,584 3,492 3,449
Reduction thresholds for certain tax credits (1) 40,925 38,945 36,590 35,650 35,205

 

Certain deductions and non-taxable amounts 2024 2023 2022 2021 2020
Maximum amount - deduction for workers 1,380 1,315 1,235 1,205 1,190
Amount of the personal contribution for the purposes of the deduction for tradespersons' tools 1,390 1,325 1,245 1,215 1,200
Maximum amount - exemption relating to allowances paid to emergency services volunteers 1,380 1,315 1,235 1,205 1,190
Amount for non-taxation of certain allowances for room and board paid to young athletes 430 410 385 375 370
 
Indexation factor 1.0508 1.0644 1.0264 1.0126 1.0172
Refundable tax credits 2024 2023 2022 2021 2020
Family Allowance
     maximum each child 2,923 2,782 2,614 2,547 2,515
     maximum for single-parent family + 1,026 976 917 893 882
     minimum for each child 1,163 1,107 1,040 1,013 1,000
     minimum for single-parent family + 409 389 365 356 352
     supplement for handicapped child-per month 229 218 205 200 198
Refundable tax credit for medical expenses
     maximum amount 1,425 1,356 1,274 1,241 1,226
     minimum amount of work-related income 3,645 3,470 3,260 3,175 3,135
     reduction threshold 27,550 26,220 24,635 24,000 23,700
Tax credit for respite expenses of informal caregivers, 30% of eligible expenses to maximum of (not indexed) n/a n/a n/a n/a 5,200
     Reduced by 3% of caregiver's family income in excess of    n/a n/a n/a n/a 59,385
Refundable tax credit for holders of a taxi driver's or owner's permit, maximum  n/a n/a n/a 301 594
Tax credit for caregivers
    universal basic amount (co-residency) 1,453 1,383 1,299 1,266 1,250
    reducible amount based on the care receiver's income 1,453 1,383 1,299 1,266 1,250
    reduction threshold 25,785 24,540 23,055 22,180 22,460

 

1% contribution by individuals to the Health Services Fund 2024 2023 2022 2021 2020
     Maximum threshold of first taxable income bracket 17,630 16,780 15,765 15,360 15,170
     Maximum threshold of second taxable income bracket 61,315 58,350 54,820 53,410 52,475

(1) Tax credit for a person living alone, for age and for retirement income, refundable tax credit for the QST, property tax refunds and refundable tax credit for individuals living in a northern village.

Sources:  Quebec Ministry of Finance

Amount and Payment of Family Allowance

Revenue Quebec - Tax Credits

TaxTips.ca Resources

Quebec Age Amount Tax Credit

Parameters of the Personal Income Tax System Bulletins

Parameters of the Personal Income Tax System for 2024 - English and French

Parameters of the Personal Income Tax System for 2023 - English and French

Parameters of the Personal Income Tax System for 2022 - English and French

Parameters of the Personal Income Tax System for 2021 - English and French

Parameters of the Personal Income Tax System for 2020 - English and French

Parameters of the Personal Income Tax System for 2019 - English and French

Parameters of the Personal Income Tax System for 2018 - English and French

Parameters of the Personal Income Tax System for 2017 - English and French

Solidarity Tax Credit

The 2015 Budget announced that the solidarity tax credit would be revised, with the amount to be determined annually rather than monthly, based on information in the tax return. The amount determined would continue to be paid as of July in the following year, but depending on the value determined, the tax credit would be paid on a monthly, quarterly or annual basis. Payments beginning in July 2016 were determined based on the 2015 tax return.  More detailed information on the changes can be found at page A.17 in the 2015-2016 Budget Plan - Additional Information on Fiscal Measures (pdf).

See our article re the Quebec Solidarity Tax Credit.

Revised: November 29, 2023

 

 

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