Income Tax in Quebec

When you relocate to the province, you may be interested in learning about the income tax in Quebec, and Canada. How will you be affected?  How will income tax be beneficial?

In Quebec and Canada, income taxes go towards paying for road construction, public safety, public education, and armed forces, amongst other work important for a functioning and civil society. Keep in mind that income tax in Canada, and income tax in Quebec can change at anytime.

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Income tax in Canada

The federal government’s income tax in Canada, provides the majority of the revenue each year. The different ways in which personal income tax in Canada is collected are:

  • Deduction at the source (tax taken from a person pay and sent to the CRA directly),
  • Installment payments (payment of a persons estimated yearly taxes throughout the year)
  • Payment on filing (tax payments that are made with a persons tax return)
  • Arrears payments (tax payments that a person makes after their tax return is filed)

Federally, you will be taxed 15 per cent if your salary represent less than $43,500,  22 per cent if your salary is between $43,500 and $87,000, 26 percent if your salary is between $87,000 and $134,000, and 29 per cent if you earn more than $135,000.

For more information on income tax in Canada, visit Canada Revenue Agency.

Income tax in Quebec

Income tax in Quebec is different from any of the other Canadian province, and it is, for the most part, much higher. It’s good to know that there are tax filing deadlines, and a penalty will be applied if your payment is late or unpaid by the deadline. In Quebec, if you earn under $41,000 you will be taxed 15 per cent by the province. If you earn between $41,000 and $82,000 tax is 20 per cent of your income. If you more than $82,000 but less than $100,000 the tax rate is 24 per cent, and if you earn more than $100,000 the tax rate is 25.75 per cent.

For more information on income tax in Quebec, visit Revenu Quebec’s website.

 

If you relocating to Quebec, you’ll need to be informed about working and managing your taxes here. Sign up for Settle-in.com and get full access to “The Guide.” Read the “Working” and “Finances” chapters for more information on these topics.

 

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Jerry

About Jerry

Before my family and I relocated to Canada where I received a teaching opportunity at one of the country’s renowned universities, my wife and kids were naturally full of questions. What would the schools be like? How does healthcare work? Is Canadian French very different than European French? What about Canadian English verses European English? How cold are those frigid northern winters we’ve heard so much about? The only way to fully understand a new city or country is to experience it first-hand. My family and I decided to embrace our relocation as an adventure. Years after the move, we still consider “The Great White North” our home, and we couldn’t be more satisfied with our quality of life here. // Avant que ma famille et moi-même soyons relocalisés au Canada parce que j’ai eu l’opportunité d’aller enseigner dans l’une des universités assez réputée du pays, ma femme et mes enfants avaient naturellement beaucoup de questions. A quoi ressemblent les écoles ? Comment fonctionne le système de santé ? Le français canadien est-il vraiment différent de celui parlé en France ? L’anglais canadien est-il vraiment différent de celui parlé en Europe? Est-ce que les hivers sont vraiment très rigoureux? La meilleure façon de comprendre entièrement une nouvelle ville et un pays est d’en faire personnellement l’expérience. Ma famille et moi avons décidé de voir la relocalisation comme une aventure. Quelques années plus tard, nous considérons “Le Grand Nord Blanc” comme notre maison et nous ne pourrions pas être plus satisfaits.