Personal Income Tax Brackets Quebec

Note that the federal amount of 13 229 is gradually reduced to 12 298 from taxable income of.

Personal income tax brackets quebec. The quebec tax brackets were increased for 2019 by an indexation factor of 1 017. Quebec provides a net income deduction on eligible work incl. 25 75 these amounts are adjusted for inflation and other factors in each tax year. Corporate tax individual income tax and sales tax including vat and gst but does not list capital gains tax.

More than 89 080 but not more than 108 390. For non eligible dividends table takes into account the gross up of 15 the federal tax credit of 9 03 and the provincial tax credit of 5 55. This amount is considered a non refundable tax credit. Please read the article understanding the tables of personal income tax rates.

The information deisplayed in the quebec tax brackets for 2020 is used for the 2020 quebec tax calculator. Quebec tax rates current marginal tax rates quebec personal income tax rates quebec 2021 and 2020 personal marginal income tax rates. 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. The federal tax value of the basic personal credit the spousal credit and the equivalent to spouse credit represents the amount available to taxpayers in the highest tax bracket.

For eligible dividends table takes into account the gross up of 38 the federal tax credit of 15 and the provincial tax credit of 11 78. The tax threshold for the basic personal credit or amount is the portion of the wage that is entitled to a tax rate of 0. 2019 personal income tax rates québec marginal rate taxable. The quebec tax brackets and personal tax credit amounts are increased for 2021 by an indexation factor of 1 0126.

2019 quebec income tax brackets 2019 quebec income tax rate. 2020 income tax in quebec is calculated separately for federal tax commitments and quebec province tax commitments depending on where the. The list focuses on the main indicative types of taxes. There are 4 tax brackets in quebec and 4 corresponding tax rates.

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. A tax credit may also be available for workers 60 or older. The lowest rate is 15 00 and the highest rate is 25 75. Table of amounts and thresholds 2020 for the provincial quebec.

More than 44 545 but not more than 89 080. Each province has its own rates and tax brackets.