British Columbia
Tax Rates -> 2017 & 2018 Marginal Tax Rates -> BC 2017 and 2018 Personal Income Tax Rates
BC 2017 and 2018 Personal Marginal Income Tax Rates
BC Income Tax Act s. 4.1, 4.3, 4.52
The Federal tax brackets and personal amounts are increased for 2018 by an indexation factor of 1.015, and the BC brackets and amounts are increased by an indexation factor of 1.020. The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.
The BC September 2017 Budget announced the introduction of a new top personal tax rate of 16.8% for taxable income that exceeds $150,000, effective January 1, 2018.
The 2018 marginal tax rates for non-eligible dividends reflect the rates that are in effect automatically due to the change in the gross-up rate for 2018, as announced in the October 24, 2017 Fall Economic Statement.
Please read the article Understanding the Tables of Personal Income Tax Rates.
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British Columbia Personal Income Tax Brackets and Tax Rates |
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| 2018 Taxable Income | 2018 Tax Rates | 2017 Taxable Income | 2017 Tax Rates | ||||||
| first $39,676 | 5.06% | first $38,898 | 5.06% | ||||||
| over $39,676 up to $79,353 | 7.70% | over $38,898 up to $77,797 | 7.70% | ||||||
| over $79,353 up to $91,107 | 10.50% | over $77,797 up to $89,320 | 10.50% | ||||||
| over $91,107 up to $110,630 | 12.29% | over $89,320 up to $108,460 | 12.29% | ||||||
| over $110,630 up to $150,000 | 14.70% | over $108,460 | 14.70% | ||||||
| over $150,000 | 16.80% | ||||||||
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Combined Federal & British Columbia Tax Brackets and Tax Rates |
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| 2018 Taxable Income | 2018 Marginal Tax Rates | 2017 Taxable Income | 2017 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $39,676 | 20.06% | 10.03% | -6.84% | 9.23% | first $38,898 | 20.06% | 10.03% | -6.84% | 8.61% |
| over $39,676 up to $46,605 | 22.70% | 11.35% | -3.20% | 12.30% | over $38,898 up to $45,916 | 22.70% | 11.35% | -3.20% | 11.70% |
| over $46,605 up to $79,353 | 28.20% | 14.10% | 4.39% | 18.68% | over $45,916 up to $77,797 | 28.20% | 14.10% | 4.39% | 18.13% |
| over $79,353 up to $91,107 | 31.00% | 15.50% | 8.25% | 21.92% | over $77,797 up to $89,320 | 31.00% | 15.50% | 8.25% | 21.41% |
| over $91,107 up to $93,208 | 32.79% | 16.40% | 10.72% | 24.00% | over $89,320 up to $91,831 | 32.79% | 16.40% | 10.72% | 23.50% |
| over $93,208 up to $110,630 | 38.29% | 19.15% | 18.31% | 30.38% | over $91,831 up to $108,460 | 38.29% | 19.15% | 18.31% | 29.94% |
| over $110,630 up to $144,489 | 40.70% | 20.35% | 21.64% | 33.18% | over $108,460 up to $142,353 | 40.70% | 20.35% | 21.64% | 32.76% |
| over $144,489 up to $150,000 | 43.70% | 21.85% | 25.78% | 36.66% | over $142,353 up to $202,800 | 43.70% | 21.85% | 25.78% | 36.27% |
| over $150,000 up to $205,842 | 45.80% | 22.90% | 28.68% | 39.09% | over $202,800 | 47.70% | 23.85% | 31.30% | 40.95% |
| over $205,842 | 49.80% | 24.90% | 34.20% | 43.73% | |||||
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Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up taxable amount). |
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British Columbia Basic Personal Amount |
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| 2018 Personal Amount | 2018 Tax Rate | 2017 Personal Amount | 2017 Tax Rate | ||||||
| $10,412 | 5.06% | $10,208 | 5.06% | ||||||
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Federal Basic Personal Amount |
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| 2018 Personal Amount | 2018 Tax Rate | 2017 Personal Amount | 2017 Tax Rate | ||||||
| $11,809 | 15% | $11,635 | 15% | ||||||
BC tax rates can also be seen on the BC Ministry of Finance website.
Copyright © 2002 Boat Harbour Investments Ltd.
Revised: October 26, 2023