Personal Income Tax Rates
For the 2019 tax year, the tax brackets were increased from the previous year by a BC CPI rate of 2.6%.
Effective January 1, 2019, the top personal income tax rate will be 16.80% for taxable income that exceeds $153,900.
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%|
Tax rates are applied on a cumulative basis. For example, if your taxable income is more than $40,707, the first $40,707 of taxable income is taxed at 5.06%, the next $40,709 of taxable income is taxed at 7.70%, the next $12,060 of taxable income is taxed at 10.5%, the next $20,030 of taxable income is taxed at 12.29%, the next $40,394 of taxable income is taxed at 14.70% and any taxable income over $153,900 is taxed at 16.80%.
Personal Income Tax Brackets and Rates - 2018 Tax Year
|Taxable Income - 2018 Brackets||Tax Rate|
|$0 to $39,676||5.06%|
|$39,676.01 to $79,353||7.70%|
|$79,353.01 to $91,107||10.50%|
|$91,107.01 to $110,630||12.29%|
|$110,630.01 to $150,000||14.70%|
- Find archived personal income tax rates in Personal Income Tax Rates: 2009 – 2017
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