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These are the 2025 rates, for income earned in 2025 (the return filed in spring 2026). See the current 2026 Quebec rates.

Quebec Tax Rates for 2025

The top combined federal and Quebec marginal rate is 53.31% on taxable income over $253,414. Capital gains are taxed at half your marginal rate, up to 26.66%; at the top, eligible dividends are taxed at 40.11% and non-eligible dividends at 48.70%.

Marginal, capital gains and dividend rates by income

Quebec combined marginal and capital gains tax rates by taxable income, 2025
Taxable incomeMarginal rateCapital gains rateEligible dividendsNon-eligible dividends
Up to $53,255 26.11% 13.06% — —
$53,255 to $57,375 31.11% 15.56% — —
$57,375 to $106,495 36.12% 18.06% — —
$106,495 to $114,750 41.12% 20.56% 23.29% 34.68%
$114,750 to $129,590 45.71% 22.86% 29.63% 39.96%
$129,590 to $177,882 47.46% 23.73% 32.04% 41.97%
$177,882 to $253,414 49.97% 24.99% 35.50% 44.86%
Over $253,414 53.31% 26.66% 40.11% 48.70%

Rates apply to the next dollar of that type of income on top of the taxable income shown. Dividend rates are shown from $58,523 of other income; below that, the basic personal amounts and the non-refundable dividend credits mean little or no tax is payable. Eligible dividends come mainly from public corporations; non-eligible dividends mainly from private corporations' small-business income. Sources: the CRA's 2025 federal and provincial tax rates and brackets (Quebec: Revenu Québec), with dividend tax credit rates from KPMG's Tax Facts 2025-2026, cross-checked against TaxTips.ca's combined rate tables, including the 16.5% federal abatement for Quebec residents. Credits (including the federal basic personal amount reduction for high incomes), the alternative minimum tax and income-tested benefits are not included. Estimates only, not tax advice.

What changed from 2024 to 2025

Quebec headline rates, 2024 compared with 2025
20242025Change
Top marginal rate53.31%53.31%no change
Top capital gains rate26.66%26.66%no change
Top eligible dividend rate40.11%40.11%no change
Top non-eligible dividend rate48.70%48.70%no change
Lowest marginal rate26.52%26.11%-0.41 pts
Top rate starts at$246,752$253,414+2.7%
  • The federal lowest rate was cut from 15% to 14% on July 1, 2025, so the rate for the 2025 tax year is a blended 14.5% (CRA footnote).
  • Federal brackets were indexed by 2.7% for 2025 (KPMG).
Quebec marginal tax rate by income, 2025 A step chart of the combined federal and Quebec marginal rate as taxable income rises, from 26.1 percent at the lowest incomes to 53.3 percent above $253,414. 0% 10% 20% 30% 40% 50% 60% 26.1% 36.1% 47.5% 50.0% 53.3% $0 $100k $200k $300k $400k Taxable income (2025)
Quebec: your tax rate steps up as income rises. Each rate applies only to the income inside its slice, not to all of your income. Moving into a higher bracket raises the rate on the next dollar, not on the dollars below it. That next-dollar rate is your marginal rate, and it is the one that matters for deductions, losses and capital gains.
Dividend gross-up and tax credit A $1,000 eligible dividend is grossed up 38 percent to $1,380, taxed at your rates for about $664, then reduced by federal and provincial credits of $368, leaving about $296 of tax. You receive $1,000 eligible dividend Gross-up +38% $1,380 added to your income Tax at your rates $664 on $1,380 of income Dividend credits -$368 fed $207 + prov $161 Tax you pay $296 29.6% of the dividend Example with $120,000 of other taxable income in Quebec, 2025 rates.
How an eligible dividend is taxed (example in Quebec). Dividends from Canadian corporations are first grossed up to approximate the corporation's pre-tax profit, taxed like other income, and then reduced by dividend tax credits. That is why dividend rates are lower than the rate on interest. Non-eligible dividends use a smaller gross-up and smaller credits.
Capital gains inclusion rate Ten thousand dollars of interest is fully taxable, costing $4,571 at a 45.71 percent marginal rate. Ten thousand dollars of capital gain is only half taxable, costing $2,286, which is an effective rate of 22.9 percent. The same $10,000, taxed two ways (at a 45.71% marginal rate) Interest or salary fully taxable 100% taxable: $10,000 Tax $4,571 Capital gain only half is included 50% not taxed: $5,000 50% taxable: $5,000 Tax $2,286 Effective tax rate on a capital gain = marginal rate x 50% 45.71% x 50% = 22.9% on the gain, so a $1 loss saves half as much as a $1 of salary costs. Example at a 45.71% marginal rate. Your province and income change the rate (see Tax Rates).
The 50% capital gains inclusion rate. Only half of a capital gain is added to your taxable income, so the tax on a gain is half the tax on the same amount of interest or salary. The inclusion rate is 50% for 2026. A proposed increase to two-thirds was cancelled in March 2025.

Example: a $20,000 capital gain

With $120,000 of other taxable income in Quebec, half of the gain ($10,000) is added to your income. The extra federal and provincial tax is about $4,578, an effective rate of 22.89% on the gain. A capital loss of the same size in the same year would save about the same amount.

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Frequently asked questions

What is the top marginal tax rate in Quebec in 2025?

The top combined federal and provincial rate in Quebec is 53.31%, on taxable income over $253,414.

What is the capital gains tax rate in Quebec?

Half of a capital gain is taxable, so the rate on a gain is half of your marginal rate: from 13.06% on lower incomes up to 26.66% at the top.

What is the dividend tax rate in Quebec in 2025?

At the top bracket the combined rate is 40.11% on eligible dividends and 48.70% on non-eligible dividends. At lower incomes the rates are lower because of the federal and Quebec dividend tax credits; see the table above.

How much tax would I pay on a $20,000 capital gain in Quebec?

With $120,000 of other taxable income, a $20,000 gain adds about $4,578 of federal and Quebec tax, an effective rate of 22.89% on the gain.

Quebec rates for other years

Other provinces in 2025

Related: Canadian tax-loss harvesting guide · superficial loss rule

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