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Quebec follows Ontario’s lead in raising taxes on the “well off”

Quebec implements a fourth tax bracket

Quebec follows Ontario’s lead in raising taxes on the “well off”

Following Ontario’s lead, Quebec has introduced a new tax that targets the wealthiest individuals in that province. Effective for the 2013 taxation year, a fourth bracket has been added to the personal income tax table for income over $100,000. This income will be taxed at the rate of 25.75%, representing an increase of 1.75%. This new tax will bring the top combined federal/Quebec marginal rate to 49.97%.

The following table illustrates how this increase compares to a sample of 2013 top tax rates on ordinary income in other provinces:

Top combined marginal tax rates for 2013
  British Columbia Alberta Ontario1 Quebec
Ordinary income 43.70% 39.00% 49.53% 49.97%

Note: This table shows the highest combined tax rates (federal and provincial) on ordinary income.
1 For Ontario, the indicated rate applies to taxable income over $500,000. The combined rate in Ontario on taxable income between $132,406 and $500,000 is 46.41%.


This publication is produced by Deloitte LLP as an information service to clients and friends of the firm, and is not intended to substitute for competent professional advice. No action should be initiated without consulting your professional advisors. Your use of this document is at your own risk.

David Bilodeau
David Bilodeau

David Bilodeau is a Senior Manager at our Sherbrooke office. He has over 15 years of experience in tax consulting including reorganizations and shareholder agreements for all kinds of companies. He is a Senior Manager in our Sherbrooke office where he supervises the multidisciplinary tax team.

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