British Columbia -> Tax Rates -> 2015 & 2016 Tax Rates -> BC 2015 & 2016 Income Tax Rates
BC 2015 and 2016 Personal Marginal Income Tax Rates
The Federal tax rates for 2016 are as per Bill C-2 tabled in December 2015. The BC tax brackets and personal amount were increased for 2016 by an indexation factor of 1.009. The Federal tax brackets and personal amount were increased for 2016 by an indexation factor of 1.013. The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.
The 2016 marginal tax rate for non-eligible dividends reflects the rate that is in effect automatically due to the change in the gross-up rate for 2016. The BC government would have to make legislative amendments in order for this to change.
Please read the article Understanding the Tables of Personal Income Tax Rates.
British Columbia Personal Income Tax Brackets and Tax Rates |
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| 2016 Taxable Income | 2016 Tax Rates | 2015 Taxable Income | 2015 Tax Rates | ||||||
| first $38,210 | 5.06% | first $37,869 | 5.06% | ||||||
| over $38,210 up to $76,421 | 7.70% | over $37,869 up to $75,740 | 7.70% | ||||||
| over $76,421 up to $87,741 | 10.50% | over $75,740 up to $86,958 | 10.50% | ||||||
| over $87,741 up to $106,543 | 12.29% | over $86,958 up to $105,592 | 12.29% | ||||||
| over $106,543 | 14.70% | over $105,592 up to $151,050 | 14.70% | ||||||
| over $151,050 | 16.80% | ||||||||
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The BC $150,000 tax bracket was temporary for 2014 and 2015, according to the BC 2013 Budget. |
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Combined Federal & British Columbia Tax Brackets and Tax Rates |
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| 2016 Taxable Income | 2016 Marginal Tax Rates | 2015 Taxable Income | 2015 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $38,210 | 20.06% | 10.03% | -6.84% | 8.27% | first $37,869 | 20.06% | 10.03% | -6.84% | 7.61% |
| over $38,210 up to $45,282 | 22.70% | 11.35% | -3.20% | 11.36% | over $37,869 up to $44,701 | 22.70% | 11.35% | -3.20% | 10.73% |
| over $45,282 up to $76,421 | 28.20% | 14.10% | 4.39% | 17.79% | over $44,701 up to $75,740 | 29.70% | 14.85% | 6.46% | 18.99% |
| over $76,421 up to $87,741 | 31.00% | 15.50% | 8.25% | 21.07% | over $75,740 up to $86,958 | 32.50% | 16.25% | 10.32% | 22.29% |
| over $87,741 up to $90,563 | 32.79% | 16.40% | 10.72% | 23.16% | over $86,958 up to $89,401 | 34.29% | 17.15% | 12.79% | 24.40% |
| over $90,563 up to $106,543 | 38.29% | 19.15% | 18.31% | 29.60% | over $89,401 up to $105,592 | 38.29% | 19.15% | 18.31% | 29.12% |
| over $106,543 up to $140,388 | 40.70% | 20.35% | 21.64% | 32.42% | over $105,592 up to $138,586 | 40.70% | 20.35% | 21.64% | 31.97% |
| over $140,388 up to $200,000 | 43.70% | 21.85% | 25.78% | 35.93% | over $138,586 up to $151,050 | 43.70% | 21.85% | 25.78% | 35.51% |
| over $200,000 | 47.70% | 23.85% | 31.30% | 40.61% | over $151,050 | 45.80% | 22.90% | 28.68% | 37.98% |
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Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up amount). |
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British Columbia Basic Personal Amount |
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| 2016 Personal Amount | 2016 Tax Rate | 2015 Personal Amount | 2015 Tax Rate | ||||||
| $10,027 | 5.06% | $9,938 | 5.06% | ||||||
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Federal Basic Personal Amount |
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| 2016 Personal Amount | 2016 Tax Rate | 2015 Personal Amount | 2015 Tax Rate | ||||||
| $11,474 | 15% | $11,327 | 15% | ||||||
BC tax rates can also be seen on the BC Ministry of Finance website.
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Revised: October 26, 2023