British Columbia
Tax Rates -> 2019 and 2020 Tax Rates -> BC Personal Income Tax Rates
BC 2020 and 2019 Personal Marginal Income Tax Rates
BC Income Tax Act s. 4.1, 4.3, 4.52, 4.69
Please read the article Understanding the Tables of Personal Income Tax Rates.
The Federal tax brackets and personal amounts are increased for 2020 by an indexation factor of 1.019, and the BC brackets and amounts are increased by an indexation factor of 1.025. The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.
The BC 2020 Budget added a new high tax bracket for taxable incomes over $220,000, as shown below.
The BC September 2017 Budget increased the enhanced dividend tax credit from 10% of the taxable dividend to 12%, effective January 1, 2019.
| British Columbia Personal Income Tax Brackets and Tax Rates | |||||||||
| 2020 Taxable Income | 2020 Tax Rates | 2019 Taxable Income | 2019 Tax Rates | ||||||
| first $41,725 | 5.06% | first $40,707 | 5.06% | ||||||
| over $41,725 up to $83,451 | 7.70% | over $40,707 up to $81,416 | 7.70% | ||||||
| over $83,451 up to $95,812 | 10.50% | over $81,416 up to $93,476 | 10.50% | ||||||
| over $95,812 up to $116,344 | 12.29% | over $93,476 up to $113,506 | 12.29% | ||||||
| over $116,344 up to $157,748 | 14.70% | over $113,506 up to $153,900 | 14.70% | ||||||
| over $157,748 up to $220,000 | 16.80% | over $153,900 | 16.80% | ||||||
| over $220,000 | 20.50% | ||||||||
| Combined Federal & British Columbia Tax Brackets and Tax Rates | |||||||||
| 2020 Taxable Income | 2020 Marginal Tax Rates | 2019 Taxable Income | 2019 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $41,725 | 20.06% | 10.03% | -9.60% | 10.43% | first $40,707 | 20.06% | 10.03% | -9.60% | 10.43% |
| over $41,725 up to $48,535 | 22.70% | 11.35% | -5.96% | 13.47% | over $40,707 up to $47,630 | 22.70% | 11.35% | -5.96% | 13.47% |
| over $48,535 up to $83,451 | 28.20% | 14.10% | 1.63% | 19.80% | over $47,630 up to $81,416 | 28.20% | 14.10% | 1.63% | 19.80% |
| over $83,451 up to $95,812 | 31.00% | 15.50% | 5.49% | 23.02% | over $81,416 up to $93,476 | 31.00% | 15.50% | 5.49% | 23.02% |
| over $95,812 up to $97,069 | 32.79% | 16.40% | 7.96% | 25.07% | over $93,476 up to $95,259 | 32.79% | 16.40% | 7.96% | 25.07% |
| over $97,069 up to $116,344 | 38.29% | 19.15% | 15.55% | 31.40% | over $95,259 up to $113,506 | 38.29% | 19.15% | 15.55% | 31.40% |
| over $116,344 up to $150,473 | 40.70% | 20.35% | 18.88% | 34.17% | over $113,506 up to $147,667 | 40.70% | 20.35% | 18.88% | 34.17% |
| over $150,473 up to $157,748 | 43.92% | 21.96% | 23.32% | 37.87% | over $147,667 up to $153,900 | 43.70% | 21.85% | 23.02% | 37.62% |
| over $157,748 up to $214,368 | 46.02% | 23.01% | 26.22% | 40.29% | over $153,900 up to $210,371 | 45.80% | 22.90% | 25.92% | 40.04% |
| over $214,368 up to $220,000 | 49.80% | 24.90% | 31.44% | 44.64% | over $210,371 | 49.80% | 24.90% | 31.44% | 44.64% |
| over $220,000 | 53.50% | 26.75% | 36.54% | 48.89% | |||||
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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. |
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| British Columbia Basic Personal Amount | |||||||||
| 2020 Personal Amount | 2020 Tax Rate | 2019 Personal Amount | 2019 Tax Rate | ||||||
| $10,949 | 5.06% | $10,682 | 5.06% | ||||||
| Federal Basic Personal Amount | |||||||||
| 2020 Personal Amount (1) | 2020 Tax Rate | 2019 Personal Amount | 2019 Tax Rate | ||||||
| $13,229 | 15% | $12,069 | 15% | ||||||
(1) The 2020 federal personal amount is increased from $12,298 to $13,229 for taxpayers with net income of $150,473 or less. For incomes above this threshold, the additional amount of $931 is reduced until it becomes zero at net income of $214,368. The marginal tax rates above have been adjusted to reflect this change.
BC tax rates can also be seen on the BC Ministry of Finance website.
Revised: October 26, 2023