The Canada Revenue Agency (CRA) has outlined various tax credits and deductions that you may qualify for in sectors relating to family, childcare and caregivers, pension and savings plan, employment, education, disability and provincial and territorial.
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.
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.
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.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.
Between provincial taxes and federal taxes, it can feel like you're being pulled in eighteen different directions, all of which want your cold hard cash. Unfortunately, the best I can do for you is clarify Canada's income tax brackets for the coming filing period, which hopefully will help you come to terms with your impending taxation situation.