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 2021 tax year, the tax brackets were increased from the previous year by a BC CPI rate of 1.1%.

Personal Income Tax Brackets and Rates - 2021 Tax Year

Taxable Income - 2021 Brackets Tax Rate
$0 to $42,184 5.06%
$42,184.01 to $84,369 7.70%
$84,369.01 to $96,866 10.50%
$96,866.01 to $117,623 12.29%
$117,623.01 to $159,483 14.70%
$159,483.01 to $222,420 16.80%
Over $222,420 20.5%

Tax rates are applied on a cumulative basis. For example, if your taxable income is more than $42,184, the first $42,184 of taxable income is taxed at 5.06%, the next $42,185 of taxable income is taxed at 7.70%, the next $12,497 of taxable income is taxed at 10.5%, the next $20,757 of taxable income is taxed at 12.29%, the next $41,860 of taxable income is taxed at 14.70%, the next $62,937 is taxed at 16.80%, and any income above $222,420 is taxed at 20.5%.

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%
$157,748.01 to $220,000 16.80%
Over $220,000 20.5%

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%.