Personal Income Tax Rates

B.C. personal income tax rates apply to specific tax brackets. A tax bracket is a range of annual income. Income past a certain point is taxed at a higher rate. The tax brackets are indexed each year to the Consumer Price Index for B.C. (BC CPI).
 

For the 2020 tax year, the tax brackets were increased from the previous year by a BC CPI rate of 2.5%.

Personal Income Tax Brackets and Rates - 2020 Tax Year

Taxable Income - 2020 Brackets Tax Rate
$0 to $41,725 5.06%
$41,725.01 to $83,451 7.70%
$83,451.01 to $95,812 10.50%
$95,812.01 to $116,344 12.29%
$116,344.01 to $157,748 14.70%
Over $157,748 16.80%

Tax rates are applied on a cumulative basis. For example, if your taxable income is more than $41,725, the first $41,725 of taxable income is taxed at 5.06%, the next $41,726 of taxable income is taxed at 7.70%, the next $12,361 of taxable income is taxed at 10.5%, the next $20,532 of taxable income is taxed at 12.29%, the next $41,404 of taxable income is taxed at 14.70% and any taxable income over $157,748 is taxed at 16.80%.

Personal Income Tax Brackets and Rates - 2019 Tax Year

Taxable Income - 2019 Brackets Tax Rate
$0 to $40,707 5.06%
$40,707.01 to $81,416 7.70%
$81,416.01 to $93,476 10.50%
$93,476.01 to $113,506 12.29%
$113,506.01 to $153,900 14.70%
Over $153,900 16.80%

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%.