Quebec -> Dividend tax credit
Quebec Dividend tax credit
QC Taxation Act s. 767, s. 497
Quebec Enhanced Dividend Tax Credit
The rates for dividends eligible for the enhanced dividend tax credit are:
The Federal 2016 Budget announced that the gross-up rate for non-eligible dividends (also know as regular dividends, or small business dividends) would be not be revised further after 2016, and the Federal tax credit rate for these dividends would remain at 2016 rates.
The Quebec Finance Ministry announced in Bulletin 2015-4 (pdf) that the rate of the tax credit applicable to non-eligible dividends would remain unchanged (i.e., at 7.05% of the taxable dividend) in regard to the change in the gross-up.
If there are no further legislative changes, the rates for non-eligible, or small business dividends are as per the following table:
The small business corporate tax rate was reduced to 8% effective March 24, 2006. Prior to that, it was reduced to 8.5% effective January 1, 2006. See Corporate Income Tax Rates.
For current tax brackets and complete rates see QC marginal tax rates table.
Revised: April 20, 2016
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