Tax Brackets 2016

FEDERAL – 2016
$45 282  or less 15 %
$45 283  – $90 563 $6 792  + 20,5 % on next $45 281 .
$90 564  – $140 388 $16 075  + 26 % on next $49 824 .
$140 389  – $200 000 $29 327  + 29 % on next $59 612 .
$200 001  and over $46 317  + 33 % on excess
  • 15% rate used for AMT.
  •  Quebec abatement is 16.5% of basic federal tax.
  •  Indexation rate of 1.3% for 2016.
QUEBEC – 2016
$42 390  or less 16 %
$42 391  – $84 780 $6 782  + 20,00 % on next $42 390.
$84 781  – $103 150 $15 260  + 24,00 % on next $18 370 .
$103 150  and over $19 689  + $25,75 % en excess
  • 16% rate used for AMT.
  • Indexation rate of 1.09% in 2016.
TAX CREDIT FOR DIVIDENDS FROM CANADIAN CORPORATIONS – 20161
Eligible Dividens2 Ordinary Dividends3
Federal 15,02 % 10,52 %4
Quebec 11,90 % 7,05 %

1 Rates applicable to grossed-up dividends.
2 38% gross-up.
3 17% gross-up since January 1, 2016 (18% before that date).
4 Since January 1, 2016 (11.02% before that date).