Personal Income Tax Rates
For the 2017 tax year, the tax brackets were increased from the previous year by a BC CPI rate of 1.8%.
Budget 2017 Update proposes to introduce a new top personal income tax rate of 16.80% for taxable income that exceeds $150,000, effective January 1, 2018.
Personal Income Tax Brackets and Rates - 2017 Tax Year
|Taxable Income - 2017 Brackets||Tax Rate|
|$0 to $38,898||5.06%|
|$38,898.01 to $77,797||7.70%|
|$77,797.01 to $89,320||10.50%|
|$89,320.01 to $108,460||12.29%|
Tax rates are applied on a cumulative basis. For example, if your taxable income is more than $38,898, the first $38,898 of taxable income is taxed at 5.06%, the next $38,899 of taxable income is taxed at 7.70%, the next $11,523 is taxed at 10.5%, the next $19,140 of taxable income is taxed at 12.29% and any taxable income over $108,460 is taxed at 14.70%.
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%|
- Find archived personal income tax rates in Personal Income Tax Rates: 2007 – 2015 (Information Sheet 2017-001) (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