For the 2016 tax year, the tax brackets were increased from the previous year by a BC CPI rate of 0.9%.
Note: For the 2015 tax year, there is a temporary tax rate and tax bracket of 16.8% on taxable income over $151,050.
Personal Income Tax Brackets and Rates - 2016 Tax Year
|Taxable Income - 2016 Brackets||Tax Rate|
|$0 to $38,210||5.06%|
|$38,210.01 to $76,421||7.70%|
|$76,421.01 to $87,741||10.50%|
|$87,741.01 to $106,543||12.29%|
Tax rates are applied on a cumulative basis. For example, if your taxable income is more than $38,210, the first $38,210 of taxable income is taxed at 5.06%, the next $38,211 of taxable income is taxed at 7.70%, the next $11,320 is taxed at 10.5%, the next $18,802 of taxable income is taxed at 12.29% and any taxable income over $106,543 is taxed at 14.70%.
Personal Income Tax Brackets and Rates - 2015 Tax Year
|Taxable Income - 2015 Brackets||Tax Rate|
|$0 to $37,869||5.06%|
|$37,869.01 to $75,740||7.70%|
|$75,740.01 to $86,958||10.50%|
|$86,958.01 to $105,592||12.29%|
|$105,592.01 to $151,050||14.70%|
- Find archived personal income tax rates in Personal Income Tax Rates: 2006 – 2014 (Information Sheet 2016-004) (PDF)
Alternative Minimum Tax
If you're subject to minimum tax under the federal Income Tax Act, you're also subject to B.C. minimum tax. The B.C. minimum tax is calculated as a percentage of your federal minimum tax and is currently 33.7%.
- Learn more about minimum tax