Ads keep this website free for you.
TaxTips.ca does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

Quebec Personal Tax Rates TaxTips.ca
Canadian Tax and
Financial Information
 
Need an accounting, tax or financial advisor? Look in our Directory.  Use above search box to easily find your topic!   Stay Connected with TaxTips.ca!

 

Home  ->  Quebec

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

Quebec 2023 and 2022 Tax Rates & Tax Brackets

The Quebec tax brackets and personal tax credit amounts are increased for 2023 by an indexation factor of 1.0644 (6.44% increase).

The Federal tax brackets and personal tax credit amounts are increased for 2023 by an indexation factor of 1.063 (6.3% increase).

See Indexation of the Personal Income Tax System for how the indexation factors are calculated.

The federal indexation factor, tax brackets and tax rates for 2023 have been confirmed to Canada Revenue Agency.

The Quebec indexation factor, tax brackets and tax rates for 2023 have been confirmed to Quebec Ministry of Finance information.  The Quebec 2023 Budget on March 21, 2023 could include some tax rate reductions as promised in the recent election.

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 marginal 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.

TaxTips.ca - Quebec Tax Rates
2023 Taxable Income 2023 Tax Rates 2022 Taxable Income 2022 Tax Rates
first $49,275 14.00% first $46,295 15.00%
over $49,275 up to $98,540 19.00% over $46,295 up to $92,580 20.00%
over $98,540 up to $119,910 24.00% over $92,580 up to $112,655 24.00%
over $119,910 25.75% over $112,655 25.75%

 

TaxTips.ca - Combined Federal & Quebec Tax Brackets and Tax Rates
2023 Taxable Income (1) QC 2023 Marginal Tax Rates 2022 Taxable Income (1) QC 2022 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $49,275 26.53% 13.26% 3.15% 17.90% first $46,295 27.53% 13.76% 4.53% 19.05%
over $49,275 up to $53,359 31.53% 15.76% 10.05% 23.65% over $46,295 up to $50,197 32.53% 16.26% 11.43% 24.80%
over $53,359 up to $98,540 36.12% 18.06% 16.39% 28.93% over $50,197 up to $92,580 37.12% 18.56% 17.77% 30.08%
over $98,540 up to $106,717 41.12% 20.56% 23.29% 34.68% over $92,580 up to $100,392 41.12% 20.56% 23.29% 34.68%
over $106,717 up to $119,910 45.71% 22.86% 29.63% 39.96% over $100,392 up to $112,655 45.71% 22.86% 29.63% 39.96%
over $119,910 up to $165,430 47.46% 23.73% 32.04% 41.97% over $112,655 up to $155,625 47.46% 23.73% 32.04% 41.97%
over $165,430 up to $235,675 50.23% 25.12% 35.87% 45.16% over $155,625 up to $221,708 50.28% 25.14% 35.94% 45.22%
over $235,675 53.31% 26.65% 40.11% 48.70% over $221,708 53.31% 26.65% 40.11% 48.70%
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.
Copyright © 2002 Boat Harbour Investments Ltd.
TaxTips.ca
Quebec Basic Personal Amount
2023 Personal Amount 2023 Tax Rate 2022 Personal Amount 2022 Tax Rate
$17,183 14% $16,143 15%
Federal Basic Personal Amount
2023 Personal Amount (1) 2023 Tax Rate 2022 Personal Amount (1) 2022 Tax Rate
$15,000 15% $14,398 15%

(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: March 21, 2023

 

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

Facebook  | Twitter  |  See What’s New, stay connected with TaxTips.ca by RSS or Email
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. 
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.