Musk is unhappy with recent law changes in California.
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General
Quebec just released its 2025 tax brackets & they could affect how much you owe next spring
<img src="https://www.mtlblog.com/media-library/a-stack-of-canadian-money-right-the-quebec-flag-waving-in-the-wind.jpg?id=60183548&width=1200&height=600&coordinates=0%2C36%2C0%2C36"/><br/><br/><p>Tax season may have just ended, but if you're planning ahead, Quebec's new 2025 income brackets are worth a look.</p><p><span></span>This week, <a href="https://www.mtlblog.com/tag/revenu-quebec" target="_blank">Revenu Québec</a> released the province's <a href="https://www.revenuquebec.ca/fr/citoyens/declaration-de-revenus/produire-votre-declaration-de-revenus/taux-dimposition/" target="_blank">updated income tax brackets for 2025</a>, and they've been adjusted to account for inflation. Thanks to a 2.85% indexation, the income thresholds are a bit higher this year, which could make a small difference in how much is withheld from your pay or what you owe come next spring.</p><p>Here's how Quebec's 2025 income tax brackets break down:</p> <ul> <li> 14% on the first $53,255 of taxable income</li> <li> 19% on income between $53,255 and $106,495</li> <li> 24% on income between $106,495 and $129,590</li> <li> 25.75% on income over $129,590</li> </ul> <p>If you're worried that a recent raise could bump you into a higher tax bracket, it's worth remembering: only the portion of your income above each threshold gets taxed at the higher rate. For example, if you earn $60,000, just the amount over $53,255 (so $6,745) would be taxed at 19%, while the rest stays at 14%.</p><p>With these numbers in mind, it might be a good time to take another look at your savings plans. That could mean contributing more to an RRSP, TFSA or FHSA to reduce your taxable income before the year ends.</p><p>And if you're hoping for a simpler tax season next year, Revenu Québec is testing something new. As of March 10, 2025, a pilot project called the Simplified Income Tax Return has been launched. It lets select residents file their taxes online through a streamlined system. However, only those who receive an invitation letter will be eligible to try it out for now. </p><p>You can find more info on <a href="https://justepourtous.revenuquebec.ca/fr/sujets/declaration-dimpot-simplifiee" target="_blank">Revenu Québec's website</a>.</p><p><em>Love this? Check out our <a href="https://www.mtlblog.com/notices/" target="_blank">MTL Blog noticeboard</a> for details on jobs, benefits, travel info and more!</em></p> <p><em>AI tools may have been used to support the creation or distribution of this content; however, it has been carefully edited and fact-checked by a member of MTL Blog's Editorial team. For more information on our use of AI, please visit our <a href="https://www.mtlblog.com/editorial-standards" target="_blank">Editorial Standards page</a>.</em></p>