Quebec

Tax Brackets 2020

 

This document is up to date as of September 3, 2020 and reflects the status of legislation, including proposed amendments at this date.

FEDERAL – 2020
$48,535 or less 15%
$48,536 – $97,069 $7,280 + 20.5% on next $48,534
$97,070 – $150,473 $17,230 + 26% on next $53,404
$150,474 – $214,368   $31,115 + 29% on next $63,895
$214,369 and over $49,644 + 33% on excess
  • 15% rate used for AMT.
  • Quebec abatement is 16.5% of basic federal tax.
  • Indexation rate of 1.9% for 2020.
QUEBEC – 2020
$44,545 or less 15%
$44,546 – $89,080 $6,882 + 20.00% on next $44,535
$89,081 – $108,390 $15,589 + 24.00% on next $19,310
$108,391 and over $20,223 + 25.75% on excess
  • 15% rate used for AMT.
  • Indexation rate of 1.72% in 2020.
TAX CREDIT FOR DIVIDENDS FROM CANADIAN CORPORATIONS – 20201
Eligible Dividends2 Ordinary Dividends3
Federal 15.02% 9.03%
Quebec 11.70%4 4.77%5

1 Rates applicable to grossed-up dividends.
2 38% gross-up.
3 15% gross-up.
4 Since January 1, 2020 (11.78% in 2019).
5 Since January 1, 2020, rate reduced to 4.01% as of January 1, 2021 (5.5% in 2019).
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