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    • 5.06% to 20.5%

      • The tax rates in British Columbia range from 5.06% to 20.5% of income and the combined federal and provincial tax rate is between 20.06% and 53.5%. British Columbia's marginal tax rate increases as your income increases so you pay higher taxes on the level of income that falls into a higher tax bracket.
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  2. Jan 15, 2024 · B.C. personal income tax rates apply to specific tax brackets. A tax bracket is a range of annual taxable income. Income past a certain point is taxed at a higher rate. The tax brackets are indexed each year to the Consumer Price Index for B.C. (BC CPI).

    • Reporting & Paying Tax

      How to file. You file your B.C. income tax return with your...

    • PST

      The B.C. PST is a retail sales tax that applies when taxable...

  3. The tax rates in British Columbia range from 5.06% to 20.5% of income and the combined federal and provincial tax rate is between 20.06% and 53.5%. British Columbia's marginal tax rate increases as your income increases so you pay higher taxes on the level of income that falls into a higher tax bracket.

  4. BC 2024 and 2023 Tax Rates & Tax Brackets. The BC tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.05 (5% increase). The Federal tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.047 (4.7% increase).

    2024 Taxable Income (1)
    Bc 2024 Marginal Tax ...(other Income)
    Bc 2024 Marginal Tax ...(capital Gains)
    Bc 2024 Marginal ...(canadian Dividends)
    first $47,937
    20.06%
    10.03%
    -9.60%
    over $47,937 up to $55,867
    22.70%
    11.35%
    -5.96%
    over $55,867 up to $95,875
    28.20%
    14.10%
    1.63%
    over $95,875 up to $110,076
    31.00%
    15.50%
    5.49%
    • Voluntary Disclosure
    • Audits
    • Appeals

    If you would like to make a voluntary disclosure because you haven’t charged, collected, remitted or paid PST as required, contact us to disclose the liability. For further information on voluntary disclosure, refer to the Small business guide to PST.

    We conduct audits to identify and collect unpaid provincial revenue. Learn more on our Audits for PST page and in this publication, Audits (CTB 003) (PDF, 208KB).

    If you believe an error was made in an assessment, a disallowed refund or other decision we made, you may be able to appeal. Learn more on our Appeals for PST page and in this Appeals publication (GEN 002) (PDF, 167KB).

  5. 2023 British Columbia Income Tax Calculator. Plug in a few numbers and we’ll give you visibility into your tax bracket, marginal tax rate, average tax rate, and payroll tax deductions, along with an estimate of your tax refunds and taxes owed in 2023.

  6. Information on income tax rates in Canada including federal rates and those rates specific to provinces and territories.

  7. Jan 15, 2022 · Individuals resident in British Columbia on December 31, 2022 with taxable income up to $21,362 generally pay no provincial income tax as a result of a low-income tax reduction. The low-income tax reduction is clawed back on income in excess of

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