Personal income tax rates
For the 2023 tax year, the tax brackets were increased from the previous year by a BC CPI rate of 6.0%.
Personal income tax brackets and rates - 2023 tax year
Taxable Income - 2023 Brackets | Tax Rate |
$0 to $45,654 | 5.06% |
$45,654.01 to $91,310 | 7.70% |
$91,310.01 to $104,835 | 10.50% |
$104,835.01 to $127,299 | 12.29% |
$127,299.01 to $172,602 | 14.70% |
$172,602.01 to $240,716 | 16.80% |
Over $240,716 | 20.50% |
Tax rates are applied on a cumulative basis. For example, if your taxable income is more than $45,654, the first $45,654 of taxable income is taxed at 5.06%, the next $45,656 of taxable income is taxed at 7.70%, the next $13,525 of taxable income is taxed at 10.50%, the next $22,464 of taxable income is taxed at 12.29%, the next $45,303 of taxable income is taxed at 14.70%, the next $68,114 is taxed at 16.80%, and any income above $240,716 is taxed at 20.50%.
Personal income tax brackets and rates - 2022 tax year
Taxable Income - 2022 Brackets | Tax Rate |
$0 to $43,070 | 5.06% |
$43,070.01 to $86,141 | 7.70% |
$86,141.01 to $98,901 | 10.50% |
$98,901.01 to $120,094 | 12.29% |
$120,094.01 to $162,832 | 14.70% |
$162,832.01 to $227,091 | 16.80% |
Over $227,091 | 20.50% |
- Find archived personal income tax rates in Personal Income Tax Rates: 2013 – 2021 (PDF, 71KB)
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