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edited Jan 24 at 3:20

E.g. if my income is 17000$, which is below the provincial basic (18056$) but above the federal one (maximum 15705$), do I pay taxes? Is it

federal_tax = min(0, federal_income_tax - federal_BPA * lowest_federal_tax_bracket)federal_tax = min(0, federal_income_tax - federal_BPA * lowest_federal_tax_bracket)

quebec_tax = min(0, provincial_income_tax - 18056 * lowest_quebec_tax_bracket)quebec_tax = min(0, provincial_income_tax - 18056 * lowest_quebec_tax_bracket)

So total_tax = 0 + 1295 * lowest_federal_tax_brackettotal_tax = 0 + 1295 * lowest_federal_tax_bracket

Or is it

total_tax = min(0, federal_income_tax + provincial_income_tax - federal_BPA * lowest_federal_tax_bracket - 18056 * lowest_quebec_tax_bracket)total_tax = min(0, federal_income_tax + provincial_income_tax - federal_BPA * lowest_federal_tax_bracket - 18056 * lowest_quebec_tax_bracket)

which would give

min(0, 17000 * lowest_federal_tax_bracket - 15707 * lowest_federal_tax_bracket + 17000 * lowest_quebec_tax_bracket - 18056 * lowest_quebec_tax_bracket)total_tax = min(0, 17000 * lowest_federal_tax_bracket - 15707 * lowest_federal_tax_bracket + 17000 * lowest_quebec_tax_bracket - 18056 * lowest_quebec_tax_bracket)

min(0, (17000-15707)*lowest_federal_tax_bracket + (17000 - 18056) * lowest_quebec_tax_bracket)min(0, (17000-15707)*lowest_federal_tax_bracket + (17000 - 18056) * lowest_quebec_tax_bracket)

Which would be 0?

Thanks!

E.g. if my income is 17000$, which is below the provincial basic (18056$) but above the federal one (maximum 15705$), do I pay taxes? Is it

federal_tax = min(0, federal_income_tax - federal_BPA * lowest_federal_tax_bracket)

quebec_tax = min(0, provincial_income_tax - 18056 * lowest_quebec_tax_bracket)

So total_tax = 0 + 1295 * lowest_federal_tax_bracket

Or is it

total_tax = min(0, federal_income_tax + provincial_income_tax - federal_BPA * lowest_federal_tax_bracket - 18056 * lowest_quebec_tax_bracket)

which would give

min(0, 17000 * lowest_federal_tax_bracket - 15707 * lowest_federal_tax_bracket + 17000 * lowest_quebec_tax_bracket - 18056 * lowest_quebec_tax_bracket)

min(0, (17000-15707)*lowest_federal_tax_bracket + (17000 - 18056) * lowest_quebec_tax_bracket)

Which would be 0?

Thanks!

E.g. if my income is 17000$, which is below the provincial basic (18056$) but above the federal one (maximum 15705$), do I pay taxes? Is it

federal_tax = min(0, federal_income_tax - federal_BPA * lowest_federal_tax_bracket)

quebec_tax = min(0, provincial_income_tax - 18056 * lowest_quebec_tax_bracket)

So total_tax = 0 + 1295 * lowest_federal_tax_bracket

Or is it

total_tax = min(0, federal_income_tax + provincial_income_tax - federal_BPA * lowest_federal_tax_bracket - 18056 * lowest_quebec_tax_bracket)

which would give

total_tax = min(0, 17000 * lowest_federal_tax_bracket - 15707 * lowest_federal_tax_bracket + 17000 * lowest_quebec_tax_bracket - 18056 * lowest_quebec_tax_bracket)

min(0, (17000-15707)*lowest_federal_tax_bracket + (17000 - 18056) * lowest_quebec_tax_bracket)

Which would be 0?

Thanks!

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asked Jan 23 at 21:52

qwerty_99

In Quebec, for the personal basic amount, does the federal tax credit and the provincial tax credit add up?

E.g. if my income is 17000$, which is below the provincial basic (18056$) but above the federal one (maximum 15705$), do I pay taxes? Is it

federal_tax = min(0, federal_income_tax - federal_BPA * lowest_federal_tax_bracket)

quebec_tax = min(0, provincial_income_tax - 18056 * lowest_quebec_tax_bracket)

So total_tax = 0 + 1295 * lowest_federal_tax_bracket

Or is it

total_tax = min(0, federal_income_tax + provincial_income_tax - federal_BPA * lowest_federal_tax_bracket - 18056 * lowest_quebec_tax_bracket)

which would give

min(0, 17000 * lowest_federal_tax_bracket - 15707 * lowest_federal_tax_bracket + 17000 * lowest_quebec_tax_bracket - 18056 * lowest_quebec_tax_bracket)

min(0, (17000-15707)*lowest_federal_tax_bracket + (17000 - 18056) * lowest_quebec_tax_bracket)

Which would be 0?

Thanks!