2019 Quebec Marginal Tax Rates

How much you pay in income taxes in Quebec will depend on how much you make and how you make your money.  The most taxed earnings will be derived from labour, followed by capital gains or dividends depending on your marginal tax bracket.


Credit Card Nerd Math

For the after tax earning all we do is take a dollar and subtract the taxes paid at the marginal tax rates.  For example, for the first $43,790 earned you will keep 84 cents for every dollar earned.  $1 - ($1 x 15%) = $0.85.
    For the amount needed to save a dollar we took a dollar and divided it by the after tax earnings rate.  For example, someone with a $43,790 salary would get to keep 85 cents for every dollar earned and would need to earn $1.18 to take home a dollar.  $1/0.85 = $1.18, this is also the amount you effectively earn by saving a dollar at this marginal tax rate.
    Below we have a chart with the marginal tax rates, the amount of after tax earnings for every dollar earned, the amount you need to earn to take home a dollar and the capital gains tax rate.



2019 Quebec Marginal Tax Rates

Taxable Income

Tax Rate

$1 After Tax Earnings

Amount Needed to Net a $1

Capital Gains Tax Rate

first $43,790

15%

$0.85

$1.18

7.5%

over $43,790 up to $87,575

20%

$0.80

$1.25

10%

over $87,575 up to $106,555

24%

$0.76

$1.316

12%

over $106,555

25.75%

$0.743

$1.347

12.88%


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Refundable Quebec Rebatement: This credit will be 16.5% of your federal tax paid.  This reduces the equivalent marginal tax bracket on federal taxes in Quebec to 83.5% of the federal tax.



2019 Federal Marginal Tax Rates after the Refundable Quebec Rebatement

Taxable Income

Tax Rate

Capital Gains Tax Rate

first $47,630

12.53%

6.26%

over $47,630 up to $95,259

17.11%

8.56%

over $95,259 up to $147,667

21.71%

10.86%

over $147,667 up to $210,371

24.22%

12.11%

over $210,371

27.56%

13.78%


Federal Personal Amount: Your first $12,069 in earnings are exempt from Federal taxes in 2019.



Refundable Quebec Rebatement: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns409-485/440-eng.html
Quebec Tax Rates: http://www.revenuquebec.ca/en/citoyen/situation/nouvel-arrivant/regime-fiscal-du-quebec/taux-imposition.aspx
Federal Tax Rates: http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html