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Home  ->  Quebec

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

Quebec 2024 and 2023 Tax Rates & Tax Brackets

The Quebec tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.0508 (5.08% increase).

The Federal tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.047 (4.7% 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 2024 have been confirmed to Canada Revenue Agency.

The Quebec indexation factor, tax brackets and tax rates for 2024 have been confirmed to Quebec Ministry of Finance information.

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 or the Detailed Tax Calculators.

TaxTips.ca - Quebec Tax Rates
2024 Taxable Income 2024 Tax Rates 2023 Taxable Income 2023 Tax Rates
first $51,780 14.00% first $49,275 14.00%
over $51,780 up to $103,545 19.00% over $49,275 up to $98,540 19.00%
over $103,545 up to $126,000 24.00% over $98,540 up to $119,910 24.00%
over $126,000 25.75% over $119,910 25.75%

 

TaxTips.ca - Combined Federal & Quebec Tax Brackets and Tax Rates
2024 Taxable Income (1) QC 2024 Marginal Tax Rates 2023 Taxable Income (1) QC 2023 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $51,780 26.53% 13.26% 3.15% 17.90% first $49,275 26.53% 13.26% 3.15% 17.90%
over $51,780 up to $55,867 31.53% 15.76% 10.05% 23.65% over $49,275 up to $53,359 31.53% 15.76% 10.05% 23.65%
over $55,867 up to $103,545 36.12% 18.06% 16.39% 28.93% over $53,359 up to $98,540 36.12% 18.06% 16.39% 28.93%
over $103,545 up to $111,733 41.12% 20.56% 23.29% 34.68% over $98,540 up to $106,717 41.12% 20.56% 23.29% 34.68%
over $111,733 up to $126,000 45.71% 22.86% 29.63% 39.96% over $106,717 up to $119,910 45.71% 22.86% 29.63% 39.96%
over $126,000 up to $173,205 47.46% 23.73% 32.04% 41.97% over $119,910 up to $165,430 47.46% 23.73% 32.04% 41.97%
over $173,205 up to $246,752 50.23% 25.12% 35.87% 45.16% over $165,430 up to $235,675 50.23% 25.12% 35.87% 45.16%
over $246,752 53.31% 26.65% 40.11% 48.70% over $235,675 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
2024 Personal Amount 2024 Tax Rate 2023 Personal Amount 2023 Tax Rate
$18,056 14% $17,183 14%

 

Federal Basic Personal Amount
2024 Personal Amount (1)
Minimum / Maximum
2024 Tax Rate 2023 Personal Amount (1)
Minimum / Maximum
2023 Tax Rate
$14,156 $15,705 15% $13,520 $15,000 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: January 23, 2024

 

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

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