What do the Quebec 2023 tax statistics say about who pays most income tax?

They show strong concentration. Filers earning $100,000 or more, about 12.8% of taxpayers, paid roughly 72% of provincial income tax. Within that group, the top 2.2% with incomes above $200,000 covered 34.6%. This matters for revenue planning, consumer spending, and risk assessment.

Why does this concentration matter to investors in Canada?

A small base paying most tax creates sensitivity to job changes, bonus cycles, and migration. If higher-income confidence dips, premium retail, private banking, and urban housing can feel it first. Investors can track payrolls, card spending, and budget updates for early signals of strength or strain.

How could Quebec high earners taxes affect consumer sectors?

When top incomes grow, discretionary spending on travel, dining, and premium goods often rises, supporting sales at upscale retailers and services. If bonuses shrink or jobs shift provinces, demand can slow. Monitoring same-store sales, card data, and luxury housing activity can help size the impact.

What indicators should I watch alongside Quebec 2023 tax statistics?

Focus on payroll and bonus announcements in high-paying industries, interprovincial migration data, urban vacancy rates, and retail sales, especially at higher price points. Also watch provincial budget communications for any changes to brackets, credits, or reserves that could influence disposable income and sentiment.

Global Market Insights

February 22: Quebec 2023 Tax Data – Earners $100k+ Pay 72% of Income Tax

ByDanny Kontos February 22, 2026

Quebec 2023 tax statistics confirm a sharp concentration of tax paid among higher incomes. Filers earning $100,000 or more represent 12.8% of taxpayers yet contribute about 72% of provincial income tax. The top 2.2% with incomes above $200,000 cover 34.6%. For investors in Canada, this shapes views on consumer spending, labour mobility, and budget sensitivity. We explain how these figures affect portfolio positioning, sector exposure, and risk assessment in Quebec as policymakers set priorities for the next fiscal plan.