The publication containing Quebec’s 2023 income tax and social tax rates, thresholds, and formulas was released Dec. 9 by Revenu Quebec.
The province’s income tax brackets were indexed by 6.44%, and the basic personal amount increased to C$17,183, up from C$16,143 in 2022, the agency said in the 2023 Formulas to Calculate Source Deductions and Contributions.
The Quebec Pension Plan contribution rate is 6.4% for both employers and employees in 2023, up from 6.15% in 2022, the agency said. The contribution rate consists of a base rate of 5.4% and a first additional contribution of 1% that increased from ...
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