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quebec tax brackets

Tax season is right around the corner and those who are filing their own income taxes should note any changes to the income tax rates in Québec for the 2023 taxation year.

Revenu Québec has recently indexed the Québec tax brackets. In fact, it's important to note that the taxable income thresholds reflect an indexation rate of 6.44% due to inflation.

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It's past time to calculate taxes in Canada, but not all of us get stuff done on time! As sluggish taxpayers begin to navigate the tricky web of information out there, they'll have multiple factors to consider to ensure their tax return is complete and that they're maximizing their deductions and opportunities to earn those sweet refundable tax credits — even if they're a bit late.

It's even trickier for Quebecers, who, unlike most Canadians, have to file two separate returns.

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Across Canada, income tax brackets vary wildly. Let's say you love paying taxes. If you make around $50,000 in taxable income and you live in Quebec, rejoice in the knowledge that you're probably paying more in taxes than you would in any other Canadian province. If you're less keen on income tax, consider a move to Ontario, where, with the same taxable income, you'd pay the least among all the provinces — though the average salaries in each province vary widely.

Using information from the federal government, we've calculated the 2022 tax brackets for each province in Canada, in no particular order, except Quebec is first. For each province, you'll see an example calculation for someone making $50,000 in taxable income. If that's not you, do your own math, thank you very much.

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As April 30th crawls ever closer, it's becoming time to think about taxes again. Sorry. This year, as every year, Quebec's tax brackets have changed, just enough to be worth checking but not enough to make a big difference in most people's lives. That said, your contribution might be slightly bigger than you expect, and the only way to know for sure is to read this article!

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A new financial report from the Université de Sherbrooke has revealed some not-so-fun facts about Quebec's tax situation as compared to that of other economies. The province is the most heavily taxed in Canada, while oil-rich provinces like Newfoundland and Labrador, Alberta and Saskatchewan have a much lower tax burden.

Compared to other "advanced economies" from the Organisation for Economic Co-operation and Development (OECD), Quebec is also the tenth highest-taxed economy, according to the report. The tax burden in Quebec amounted to "39.6% of GDP," according to the report. That means nearly 40% of the province's GDP is coming directly from taxation.

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