British Columbia
Tax Rates -> 2020 and 2021 Tax Rates -> BC Personal Income Tax Rates
BC 2021 and 2020 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 2021 by an indexation factor of 1.010.
The BC tax brackets and personal tax credit amounts are increased for 2021 by an indexation factor of 1.011.
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 2020 for taxable incomes over $220,000, which is indexed after 2020.
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.
| British Columbia Personal Income Tax Brackets and Tax Rates | |||||||||
| 2021 Taxable Income | 2021 Tax Rates | 2020 Taxable Income | 2020 Tax Rates | ||||||
| first $42,184 | 5.06% | first $41,725 | 5.06% | ||||||
| over $42,184 up to $84,369 | 7.70% | over $41,725 up to $83,451 | 7.70% | ||||||
| over $84,369 up to $96,866 | 10.50% | over $83,451 up to $95,812 | 10.50% | ||||||
| over $96,866 up to $117,623 | 12.29% | over $95,812 up to $116,344 | 12.29% | ||||||
| over $117,623 up to $159,483 | 14.70% | over $116,344 up to $157,748 | 14.70% | ||||||
| over $159,483 up to $222,420 | 16.80% | over $157,748 up to $220,000 | 16.80% | ||||||
| over $222,420 | 20.50% | over $220,000 | 20.50% | ||||||
| Combined Federal & British Columbia Tax Brackets and Tax Rates | |||||||||
| 2021 Taxable Income | 2021 Marginal Tax Rates | 2020 Taxable Income | 2020 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $42,184 | 20.06% | 10.03% | -9.60% | 10.43% | first $41,725 | 20.06% | 10.03% | -9.60% | 10.43% |
| over $42,184 up to $49,020 | 22.70% | 11.35% | -5.96% | 13.47% | over $41,725 up to $48,535 | 22.70% | 11.35% | -5.96% | 13.47% |
| over $49,020 up to $84,369 | 28.20% | 14.10% | 1.63% | 19.80% | over $48,535 up to $83,451 | 28.20% | 14.10% | 1.63% | 19.80% |
| over $84,369 up to $96,866 | 31.00% | 15.50% | 5.49% | 23.02% | over $83,451 up to $95,812 | 31.00% | 15.50% | 5.49% | 23.02% |
| over $96,866 up to $98,040 | 32.79% | 16.40% | 7.96% | 25.07% | over $95,812 up to $97,069 | 32.79% | 16.40% | 7.96% | 25.07% |
| over $98,040 up to $117,623 | 38.29% | 19.15% | 15.55% | 31.40% | over $97,069 up to $116,344 | 38.29% | 19.15% | 15.55% | 31.40% |
| over $117,623 up to $151,978 | 40.70% | 20.35% | 18.88% | 34.17% | over $116,344 up to $150,473 | 40.70% | 20.35% | 18.88% | 34.17% |
| over $151,978 up to $159,483(1) | 44.02% | 22.01% | 23.46% | 37.99% | over $150,473 up to $157,748(1) | 43.92% | 21.96% | 23.32% | 37.87% |
| over $159,483 up to $216,511(1) | 46.12% | 23.06% | 26.36% | 40.41% | over $157,748 up to $214,368(1) | 46.02% | 23.01% | 26.22% | 40.29% |
| over $216,511 up to $222,420 | 49.80% | 24.90% | 31.44% | 44.64% | over $214,368 up to $220,000 | 49.80% | 24.90% | 31.44% | 44.64% |
| over $222,420 | 53.50% | 26.75% | 36.54% | 48.89% | over $220,000 | 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. |
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| British Columbia Basic Personal Amount | |||||||||
| 2021 Personal Amount | 2021 Tax Rate | 2020 Personal Amount | 2020 Tax Rate | ||||||
| $11,070 | 5.06% | $10,949 | 5.06% | ||||||
| Federal Basic Personal Amount | |||||||||
| 2021 Personal Amount (1) | 2021 Tax Rate | 2020 Personal Amount (1) | 2020 Tax Rate | ||||||
| $13,808 | 15% | $13,229 | 15% | ||||||
(1) See the federal tax rates page for information on the federal personal amount increase.
The marginal tax rates 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