Indexing of the parameters of the personal income tax system, social assistance benefits and certain government fees by 2.64% for the 2022 tax year

Indexing of the parameters of the personal income tax system, social assistance benefits and certain government fees by 2.64% for the 2022 tax year

Indexing of the parameters of the personal income tax system, social assistance benefits and certain government fees by 2.64% for the 2022 tax year QUÉBEC, Nov. 25, 2021 /CNW Telbec/ - The Ministère des Finances du Québec announced today that the indexing rate, which will apply as of January 1, 2022, with regard to parameters of the personal income tax system, social assistance benefits and certain government rates, will be 2.64%. $917 million to protect the purchasing power of Quebecers The indexing rate of 2.64% protects the purchasing power of Quebecers to the tune of nearly $917 million. Indexing the parameters of the personal income tax system corresponds to tax relief of $898 million for taxpayers. Thus, the value of most tax measures under the personal income tax system will …
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