BC 2022 and 2021 Personal Marginal Income Tax Rates

BC Income Tax Act s. 4.1, 4.3, 4.52, 4.69

The Federal tax brackets and personal tax credit amounts are increased for 2022 by an indexation factor of 1.024 (a 2.4% increase).

The BC tax brackets and personal tax credit amounts are increased for 2022 by an indexation factor of 1.021 (a 2.1% increase).

The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

Tax Tip: read the article Understanding the Tables of Personal Income Tax Rates, especially if you are trying to compare the rates below to the marginal tax rates in the Basic Tax Calculator.

TaxTips.ca - British Columbia Personal Income Tax Brackets and Tax Rates
2022 Taxable Income	2022 Tax Rates	2021 Taxable Income	2021 Tax Rates
first $43,070	5.06%	first $42,184	5.06%
over $43,070 up to $86,141	7.70%	over $42,184 up to $84,369	7.70%
over $86,141 up to $98,901	10.50%	over $84,369 up to $96,866	10.50%
over $98,901 up to $120,094	12.29%	over $96,866 up to $117,623	12.29%
over $120,094 up to $162,832	14.70%	over $117,623 up to $159,483	14.70%
over $162,832 up to $227,091	16.80%	over $159,483 up to $222,420	16.80%
over $227,091	20.50%	over $222,420	20.50%

TaxTips.ca - Combined Federal & British Columbia Tax Brackets and Tax Rates
2022 Taxable Income	BC 2022 Marginal Tax Rates				2021 Taxable Income	BC 2021 Marginal Tax Rates
	Other Income	Capital Gains	Canadian Dividends			Other Income	Capital Gains	Canadian Dividends
	Other Income	Capital Gains	Eligible	Non-Eligible		Other Income	Capital Gains	Eligible	Non-Eligible
first $43,070	20.06%	10.03%	-9.60%	10.43%	first $42,184	20.06%	10.03%	-9.60%	10.43%
over $43,070 up to $50,197	22.70%	11.35%	-5.96%	13.47%	over $42,184 up to $49,020	22.70%	11.35%	-5.96%	13.47%
over $50,197 up to $86,141	28.20%	14.10%	1.63%	19.80%	over $49,020 up to $84,369	28.20%	14.10%	1.63%	19.80%
over $86,141 up to $98,901	31.00%	15.50%	5.49%	23.02%	over $84,369 up to $96,866	31.00%	15.50%	5.49%	23.02%
over $98,901 up to $100,392	32.79%	16.40%	7.96%	25.07%	over $96,866 up to $98,040	32.79%	16.40%	7.96%	25.07%
over $100,392 up to $120,094	38.29%	19.15%	15.55%	31.40%	over $98,040 up to $117,623	38.29%	19.15%	15.55%	31.40%
over $120,094 up to $155,625	40.70%	20.35%	18.88%	34.17%	over $117,623 up to $151,978	40.70%	20.35%	18.88%	34.17%
over $155,625 up to $162,832	44.08%	22.04%	23.54%	38.06%	over $151,978 up to $159,483	44.02%	22.01%	23.46%	37.99%
over $162,832 up to $221,708	46.18%	23.09%	26.44%	40.48%	over $159,483 up to $216,511	46.12%	23.06%	26.36%	40.41%
over $221,708 up to $227,091	49.80%	24.90%	31.44%	44.64%	over $216,511 up to $222,420	49.80%	24.90%	31.44%	44.64%
over $227,091	53.50%	26.75%	36.54%	48.89%	over $222,420	53.50%	26.75%	36.54%	48.89%
Marginal tax rate for dividends is a % of actual dividends received (not grossed-up taxable amount). Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains). Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%. For more information see BC dividend tax credits. Copyright © 2002 Boat Harbour Investments Ltd.
British Columbia Basic Personal Amount
2022 Personal Amount	2022 Tax Rate				2021 Personal Amount	2021 Tax Rate
$11,302	5.06%				$11,070	5.06%
Federal Basic Personal Amount
2022 Personal Amount (1)	2022 Tax Rate				2021 Personal Amount (1)	2021 Tax Rate
$14,398	15%				$13,808	15%

(1) See the federal tax rates page for information on the enhanced federal personal amount, which increases the marginal tax rates for taxable incomes in the second highest federal tax bracket. The marginal tax rates in blue above have been adjusted to reflect these changes.

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

Revised: October 26, 2023