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BC 2011 and 2012 Personal income Tax Rates

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British Columbia 
Tax Rates - 2012 and 2011 Tax Rates -> BC Personal Income Tax Rates

BC 2012 and 2011 Personal Marginal Income Tax Rates

Please read the article Understanding the Tables of Personal Income Tax Rates.

The marginal tax rate for eligible dividends has been revised for the BC 2012 Budget increase in the enhanced dividend tax credit from 9.76% to 10% of taxable dividends.  The rates before revision ranged from a low of -6.51% to a high of 26.11%.

The BC tax brackets and personal amount were increased for 2012 by an indexation factor of 1.024.  The Federal tax brackets and personal amount were increased for 2012 by an indexation factor of 1.028.

British Columbia (BC)
Personal Income Tax Brackets and Rates
2012 Taxable Income   2012 Tax Rates 2011 Taxable Income   2011 Tax Rates
first $37,013 5.06% first $36,146 5.06%
over $37,013 up to $74,028 7.70% over $36,146 up to $72,293 7.70%
over $74,028 up to $84,993 10.50% over $72,293 up to $83,001 10.50%
over $84,993 up to $103,205 12.29% over $83,001 up to $100,787 12.29%
over $103,205 14.70% over $100,787 14.70%
British Columbia (BC)
Combined Federal & Provincial Tax Rates
2012 Taxable Income   2012 Marginal Tax Rates 2011 Taxable Income   2011 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible
Dividends
Non-Eligible
Dividends
Eligible
Dividends
Non-Eligible
Dividends
first $37,013 20.06% 10.03% -6.84% 4.16% first $36,146 20.06% 10.03% -9.42% 4.16%
over $37,013 up to $42,707 22.70% 11.35% -3.2% 7.46% over $36,146 up to $41,544 22.70% 11.35% -5.70% 7.46%
over $42,707 up to $74,028 29.70% 14.85% 6.46% 16.21% over $41,544 up to $72,293 29.70% 14.85% 4.17% 16.21%
over $74,028 up to $84,993 32.50% 16.25% 10.32% 19.71% over $72,293 up to $83,001 32.50% 16.25% 8.12% 19.71%
over $84,993 up to $85,414 34.29% 17.15% 12.79% 21.95% over $83,001 up to $83,088 34.29% 17.15% 10.64% 21.95%
over $85,414 up to $103,205 38.29% 19.15% 18.31% 26.95% over $83,088 up to $100,787 38.29% 19.15% 16.28% 26.95%
over $103,205 up to $132,406 40.70% 20.35% 21.64% 29.96% over $100,787 up to $128,800 40.70% 20.35% 19.68% 29.96%
over $132,406 43.70% 21.85% 25.78% 33.71% over $128,800 43.70% 21.85% 23.91% 33.71%

Marginal tax rate for dividends is a % of actual dividends received (not grossed-up amount).
Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains).

BC Basic Personal Amount
2012  Tax Rate 2011 Tax Rate
$11,354 5.06% $11,088 5.06%
Federal Basic Personal Amount
2012  Tax Rate 2011 Tax Rate
$10,822 15.00% $10,527 15.00%

BC tax rates can also be seen on the BC Ministry of Finance website.

 

Revised: September 20, 2017

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