Learn about the responsibilities and tax obligations of professional representatives and about My Account for professional representatives. Learn about the partnerships we create with developers of products related to our fields of activity, SRM installers and QESI promoters, trustees and mandataries.
Online Services Forms and Publications. Use our online services and download our forms, publications and guides. Search search Launch search. Learn More. Print Share. For all. One vision. First, you should consider filing your T2 return the official corporate tax return document for businesses in Quebec , as this document is the basis for calculating your corporate tax rates in Quebec.
Second, understand that private corporation taxation is limited to one or two fixed brackets in Canada depending on your province. Corporate tax rates are therefore much easier to calculate than personal income tax rates, which are affected by different and increasing rates according to various income brackets. Before determining your corporate tax rates in Quebec , it is important to know that it applies only to the profits of your business. It is therefore necessary to discount current expenses related to normal business activities, interest expenses, depreciation and amortization when calculating your tax rate in Quebec.
Moreover, thanks to the deduction granted to small businesses , this rate goes down to Rather good news, even if the calculation does not stop here for everyone. There are still a few minor things to take into account before defining your SME's exact tax rate.
Do not forget that a corporate tax expert can provide a great service in helping file your corporate tax returns in Quebec , without having to worry about completing them all by yourself.
The Quebec tax brackets and personal tax credit amounts are increased for by an indexation factor of 1. Quebec's indexation factor is calculated using the Quebec consumer price index CPI All-items excluding alcoholic beverages, tobacco products and smokers' supplies and recreational cannabis.
The Federal tax brackets and personal tax credit amounts are increased for by an indexation factor of 1. The federal indexation factor, tax brackets and tax rates have not yet been confirmed to Canada Revenue Agency.
The Quebec indexation factor, tax brackets and tax rates have been confirmed to Quebec Ministry of Finance information.
The Quebec Budget reduced the non-eligible dividend tax credit rate from 4. The tax rates below include the reduction in rate due to the federal tax abatement of However, this abatement is applied to the net federal tax after deducting the basic personal amount. For this reason, the federal personal amount tax credit is also reduced by
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