Quebec tax card 2025

2025 Quebec Tax Rates Publication

Our Partners and experts have prepared for your reference, tax rates tables which capture federal and provincial tax rates information for Quebec.

2025 Corporate Tax Rates (a)

(a) Assumes a December year end.
(b) Preferential rate reduced for corporations having taxable capital in excess of $10M on an associated group basis.
(c) For a CCPC, the tax rate on investment income, net of dividend refund, is 30.67% lower.
(d) Employees of the corporation, or of an associated corporation, must work and be remunerated for 5,500 hours for the current and previous taxation year or be a corporation in the primary or manufacturing sector. For corporations with less than 5,000 remunerated hours the rate is 20.5%.
(e) Effective April 1, 2025, the Nova Scotia small business limit was increased from $500,000 to $700,000 and the Nova Scotia small business tax rate was reduced from 2.5% to 1.5%.
(f) Effective July 1, 2025, the Prince Edward Island small business limit was increased from $500,000 to $600,000.
(g) Effective July 1, 2025, the Prince Edward Island general corporate income tax rate was reduced from 16% to 15%.
(h) The federal corporate income tax rates for manufacturers of qualifying zero-emission technology are reduced to 7.5% for eligible income otherwise subject to the 15% federal general corporate income tax rate or 4.5% for eligible income otherwise subject to the 9% federal small-business corporate income tax rate. The reduced tax rate has been extented and will gradually phase out for taxation years beginning 2032 (previously 2031) and will be fully phased out for taxation years beginning after 2034 (previously 2031).
(i) Effective January 1, 2018, the Saskatchewan small-business limit was increased from $500,000 to $600,000.

2025 Combined Top Personal Tax Rates

2025 Select U.S. Tax Rates

(a) All rates are effective at time of publication.
(b) Highest marginal general tax rate, net of federal deduction for state taxes (corporate only).
(c) New York state tax rate does not include New York City taxes.
(d) The above rates do not include Medicare and Social Security taxes.
(e) For United States residents, an additional 3.8% tax is imposed on investment income when the income exceeds $200,000 USD if the taxpayer is not married, $125,000 USD if married filing separately, or $250,000 USD if married filing jointly.

2025 Personal Tax Rates (a), (b), (c), (d)                                             Quebec Residents

(a) Assumes single taxpayer with no dependents receiving basic exemption only. Tax rates net of Quebec abatement.
(b) Does not include the Contribution to the Health Services Fund.
(c) The rate takes into account the impact of the reduction of the basic federal personal amount to $14,538 for income between $177,882 and $253,413.
(d) Includes the proposed federal legislation to reduce the lowest personal tax rate from 15% to 14% effective July 1, 2025, resulting in an effective tax rate of 14.5%.

Select Personal Tax Credits for 2025 (f)                    Combined Federal and Provincial

(a) Adjusted for Quebec abatement.
(b) Applies to net income that is less than $177,882.
(c) Maximum credit that is gradually reduced when family income exceeds $42,090.
(d) Applies to donations in excess of $200 for individuals with a taxable income in excess of $253,414.
(e) Applies to medical expenses in excess of the lesser of 3% of net income and $2,834 for federal purposes and in excess of 3% of family income for Quebec purposes.
(f) Includes the proposed federal legislation to reduce the lowest personal tax rate from 15% to 14% effective July 1, 2025, resulting in an effective tax rate of 14.5%.

2025 Investment Yields (a)

Quebec Resident

(a) Based on 53.305% marginal rate for a Quebec taxpayer.

Salary vs. Dividend

Comparison of Net Cash Retained by Shareholders (a)

(a) Assumes corporation has $1,000 of income available for disbursement to owner/manager.
(b) Only takes into account levy for QHSF paid by corporation at top rate of 4.26%.
(c) Assumes dividends paid are ineligible.
(d) Net of dividend refund.

Income that can be recieved tax-free

Quebec Resident (a)

(a) Includes the proposed federal legislation to reduce the lowest personal tax rate from 15% to 14% effective July 1, 2025, resulting in an effective tax rate of 14.5%.

Sales Tax Rates in Canada 2025

(a) GST: Goods and Services Tax
(b) HST: Harmonized Sales Tax
(c) PST: Provincial Sales Tax
(d) QST: Quebec Sales Tax

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