Income Tax Rates Quebec

The lowest rate is 15 00 and the highest rate is 25 75.

Income tax rates quebec. Quebec tax rates current marginal tax rates quebec personal income tax rates quebec 2021 and 2020 personal marginal income tax rates. The tax rates reflect budget proposals and news releases to july 31 2020. The information deisplayed in the quebec tax brackets for 2020 is used for the 2020 quebec tax calculator. Canadian corporate tax rates for active business income.

Where the tax is determined under the minimum tax provisions the above table is not applicable. More than 44 545 but not more than 89 080. 2020 includes all rate changes announced up to july 31 2020. Quebec federal tax3 taxable income2 excess rate on provincial tax taxable income2 taxable income2 combined tax rates on dividend income 20201 1.

Income tax rates in quebec are higher than in other provinces and territories because the government of quebec finances a wide variety of services that other governments do not. This amount is considered a non refundable tax credit. 2019 quebec income tax brackets 2019 quebec income tax rate. Income tax rates for 2020 the income tax rates for the 2020 taxation year determined on the basis of your taxable income are as follows.

2019 includes all rate changes announced up to june 15 2019. The 2020 tax year in quebec runs from january 2020 to december 2020 with individual tax returns due no later than the following april 30 th 2021. 2020 personal income tax rates québec marginal rate taxable income federal tax québec tax total tax average rate table takes into account federal basic personal amount of 13 229 and provincial basic personal amount of 15 532. More than 89 080 but not more than 108 390.

25 75 these amounts are adjusted for inflation and other factors in each tax year. There are 4 tax brackets in quebec and 4 corresponding tax rates. Table of amounts and thresholds 2020 for the provincial quebec. 2020 includes all rate changes announced up to july 31 2020.

Note that the federal amount of 13 229 is gradually reduced to 12 298 from taxable income of. The quebec tax brackets and personal tax credit amounts are increased for 2021 by an indexation factor of 1 0126. The quebec tax brackets were increased for 2019 by an indexation factor of 1 017. You can use the chart below to see the tax brackets and rates for other provinces and territories.

Each province has its own rates and tax brackets. The quebec basic personal amount has also been increased to 15 269 for 2019. Please read the article understanding the tables of personal income tax rates.