On November 21, 2024, Revenu Québec published the 2025 TP-1015.F-V formulas guide to calculate source deductions for Quebec income tax, Quebec Pension Plan (QPP), Quebec Parental Insurance Plan (QPIP), and employer contributions. Changes from 2024 include the following:
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Indexing – Personal income tax indexed at 2.85%
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Income tax rates and income thresholds
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The personal basic amount increased to $18,571
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Amount for career extension
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Gratuities and retroactive pay at $18,571
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Deduction for workers at $1,420
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Emergency services volunteer at $1,420
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Contribution to the health service fund – the threshold will increase from $7.5M to $7.8M.