TaxTips.ca
Quebec 2024 / 2025 Investment Income Tax Calculator

 

TaxTips.ca Calculators -> Investment Income Tax Calculator information page  Note:  This calculator will retain data.  Click Reset before closing if using on a public computer.

TaxTips.ca Quebec Investment Income Tax Calculator
Illustration of the Effect of Different Investment Income Types
Tax Year
    Taxes Payable
Taxpayer Information   Taxes Before Clawback
Province of Residence QC
Clawback Payable
Birth Year
Total Taxes Payable
After-tax Income
Income Actual Taxable   Try shifting income from other income to Canadian eligible or non-eligible dividends, and see the difference in taxes payable, even when the OAS clawback might increase.

Enter above results below, shift some income, or change the tax year, and see the difference.
Old Age Security
QPP/CPP
Capital Gains pre-June 25/24
Capital Gains post-June 24/24
Enter the actual amount of capital gains in excess of losses.
Canadian Eligible Dividends
Enter the actual amount of dividends.
Canadian Non-Eligible Dividends
    Enter the actual amount of dividends.   Previous Calculation Results
RRSP/RRIF Withdrawals
Taxes Before Clawback
Only include RRIF withdrawals if age is less than 65, not eligible for pension credit.
Clawback Payable
Other Income
Total Taxes Payable
Include interest and foreign dividends, etc. After-tax Income
Pension Income Eligible for the Pension Tax Credit
    This would include RRIF withdrawals when age is 65+.   Increase / (Decrease)
Pension income not eligible for the pension tax credit should be in other income.
Taxes Before Clawback
Clawback Payable
Less OAS Clawback
Total Taxes Payable
Actual and Taxable Income
After-tax Income
If income is moved from "other income" to Canadian dividends, total taxes will be reduced even as the OAS clawback increases.
 If tax year is 2025, ALL capital gains are included in taxable income at a 50% inclusion rate for first $250k, then 66 2/3% inclusion.
This calculator includes the same tax credits as the Detailed Quebec Income Tax and RRSP Savings Calculator, as well as AMT where applicable.
 Increased inclusion rate for capital gains has been included, but changes may be required once legislation is passed.
Calculations are based on tax rates known as of November 29, 2024
TaxTips.ca Quebec Investment Income Tax Calculator
Illustration of the Effect of Different Investment Income Types
Tax Year     Taxes Payable
Taxpayer Information   Taxes Before Clawback
Birth Year
Clawback Payable
Total Taxes Payable
After-tax Income
Income Actual Taxable   Previous Calculation Results
Old Age Security
Taxes Before Clawback
CPP
Clawback Payable
Capital Gains
Total Taxes Payable
Canadian Eligible Dividends
After-tax Income
Canadian Non-Eligible Dividends
  RRSP Withdrawals   Increase / (Decrease)
Other Income
Taxes Before Clawback
Pension Income Eligible for Pension Tax Credit
Clawback Payable
Less OAS Clawback
Total Taxes Payable
Actual and Taxable Income
After-tax Income
This calculator is intended to be used for planning purposes.  It does not include every available tax credit.  We strive for accuracy, but cannot guarantee it. Before making a major financial decision you should consult a qualified tax professional.

Alternative minimum tax (AMT) is calculated where applicable, but the Detailed Quebec Calculator is better suited for calculating AMT, as deductions and tax credits can be entered. Individuals who may be subject to AMT, or who do not have a simple tax situation, should be seeking advice from a tax lawyer or CPA tax specialist.

Although only partial legislation is available with details of the capital gains inclusion rate to 2/3rds effective June 25, 2024 for capital gains over $250,000, we have included this change in the calculator. It is possible that when legislation is available, the calculator may change.

Tax Tip: Don't avoid Canadian dividends because of the OAS clawback - they are more tax-efficient than most other income, and can reduce your taxes even though your clawback is increasing!

Questions or comments on the Quebec Investment Income Tax Calculator? 
We try to respond within 1 business day.  No response?  Check your spam folder.

Revised: December 03, 2024

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.