Personal Income Tax Rates
For the 2018 tax year, the tax brackets were increased from the previous year by a BC CPI rate of 2.0%.
Effective January 1, 2018, the top personal income tax rate will be 16.80% for taxable income that exceeds $150,000.
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%|
Tax rates are applied on a cumulative basis. For example, if your taxable income is more than $39,676, the first $39,676 of taxable income is taxed at 5.06%, the next $39,677 of taxable income is taxed at 7.70%, the next $11,754 of taxable income is taxed at 10.5%, the next $19,523 of taxable income is taxed at 12.29%, the next $39,370 of taxable income is taxed at 14.70% and any taxable income over $150,000 is taxed at 16.80%.
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%|
- Find archived personal income tax rates in Personal Income Tax Rates: 2008 – 2016
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