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Quebec
Tax Rates   ->   Current Marginal Tax Rates -> Quebec Personal Income Tax Rates

Quebec 2020 and 2019 Personal Marginal Income Tax Rates

Please read the article Understanding the Tables of Personal Income Tax Rates.

The Quebec tax brackets and personal amount are increased for 2020 by an indexation factor of 1.0172.  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 amount are increased for 2020 by an indexation factor of 1.019.  The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency or Revenue Quebec information.

The Quebec basic personal 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 dividend tax credit rates for both eligible and non-eligible dividends were reduced for dividends received after March 27, 2018, and are further reduced each year until 2020 for eligible dividends, and 2021 for non-eligible dividends.  The marginal rates below reflect the reduced dividend tax rates.

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.

Quebec Personal Income Tax Brackets and Tax Rates
2020 Taxable Income 2020 Tax Rates 2019 Taxable Income 2019 Tax Rates
first $44,545 15.00% first $43,790 15.00%
over $44,545 up to $89,080 20.00% over $43,790 up to $87,575 20.00%
over $89,080 up to $108,390 24.00% over $87,575 up to $106,555 24.00%
over $108,390 25.75% over $106,555 25.75%

 

Combined Federal & Quebec Tax Brackets and Tax Rates
2020 Taxable Income 2020 Marginal Tax Rates 2019 Taxable Income 2019 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $44,545 27.53% 13.76% 4.53% 17.50% first $43,790 27.53% 13.76% 4.42% 16.60%
over $44,545 up to $48,535 32.53% 16.26% 11.43% 23.25% over $43,790 up to $47,630 32.53% 16.26% 11.32% 22.35%
over $48,535 up to $89,080 37.12% 18.56% 17.76% 28.53% over $47,630 up to $87,575 37.12% 18.56% 17.65% 27.63%
over $89,080 up to $97,069 41.12% 20.56% 23.28% 33.13% over $87,575 up to $95,259 41.12% 20.56% 23.17% 32.23%
over $97,069 up to $108,390 45.71% 22.86% 29.62% 38.41% over $95,259 up to $106,555 45.71% 22.86% 29.51% 37.51%
over $108,390 up to $150,473 47.46% 23.73% 32.04% 40.42% over $106,555 up to $147,667 47.46% 23.73% 31.93% 39.52%
over $150,473 up to $214,368 50.15% 25.07% 35.75% 43.51% over $147,667 up to $210,371 49.97% 24.98% 35.38% 42.41%
over $214,368 53.31% 26.65% 40.10% 47.14% over $210,371 53.31% 26.65% 39.99% 46.25%
Marginal tax rate for dividends is a % of actual dividends received (not grossed-up taxable 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 15%.
For more information see Quebec dividend tax credits.
Quebec Basic Personal Amount
2020 Personal Amount 2020 Tax Rate 2019 Personal Amount 2019 Tax Rate
$15,532 15% $15,269 15%
Federal Basic Personal Amount
2020 Personal Amount (1) 2020 Tax Rate 2019 Personal Amount 2019 Tax Rate
$13,229 15% $12,069 15%

(1) The 2020 federal personal amount is increased from $12,298 to $13,229 for taxpayers with net income of $150,473 or less.  For incomes above this threshold, the additional amount of $931 is reduced until it becomes zero at net income of $214,368.  The marginal tax rates above have been adjusted to reflect this change.

Copyright © 2002 Boat Harbour Investments Ltd.

Revised: May 28, 2020

 

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from TaxTips.ca

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