Tax Rates -> Current Marginal Tax Rates -> Quebec Personal Income Tax Rates
Quebec 2022 and 2021 Personal Marginal Income Tax Rates
The Quebec tax brackets and personal tax credit amounts are increased for 2022 by an indexation factor of 1.0264 (a 2.64% increase). Quebec's indexation factor is calculated using the Quebec consumer price index (CPI) All-items excluding alcoholic beverages, tobacco products and smokers' supplies and recreational cannabis.
The Federal tax brackets and personal tax credit amounts are increased for 2022 by an indexation factor of 1.024 (a 2.4% increase).
The federal indexation factor, tax brackets and tax rates have not yet been confirmed to Canada Revenue Agency. The Quebec indexation factor, tax brackets and tax rates have been confirmed to Quebec Ministry of Finance information.
The Quebec basic personal amount is rounded to the nearest $1, beginning with the 2018 taxation year. The Quebec tax thresholds are rounded to the nearest $5. 2017 is the base year for the thresholds and the personal amount.
The Quebec 2021 Budget reduced the non-eligible dividend tax credit rate from 4.01% to 3.42%.
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%. The Federal personal amount shown below is before the reduction from the federal tax abatement.
Tax Tip: read the article Understanding the Tables of Personal Income Tax Rates, especially if you are trying to compare the rates below to the marginal tax rates in the Basic Tax Calculator.
(1) See the federal tax rates page for information on the enhanced federal personal amount, which increases the marginal tax rates for taxable incomes in the second highest federal tax bracket. The marginal tax rates in blue above have been adjusted to reflect these changes.
Copyright © 2002 Boat Harbour Investments Ltd.
Revised: October 23, 2021
Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved. See Reproduction of information from TaxTips.ca