January 5, 2017

Marginal Tax Rates for 2017 (BC)

Taxable

Income

Fed. Tax

Rate %

Prov. Tax

 Rate%

Total Tax

(%)

Taxes Paid

(%)

Capital Gains

(%)

Eligible Dividend

(actual not grossed)

Non-Eligible

Div. (%)

0-38,898 15 5.06 20.06 7,803 10.03 -6.84 8.27
38,898-45,916 15 7.70 22.70 9,396 11.35 -3.20 11.36

45,916-77,797

20.5 7.70 28.20 18,386 14.10 4.39 17.79
77,797-89,320 20.5 10.50 31.00 21,560 15.50 8.25 21.07
89,320-91,831 20.5 12.29 32.79 22,781 16.40 10.72 23.16
91,831-108,460 26 12.29 38.29 29,148 19.15 18.31 29.60
108,460-142,353 26 14.70 40.70 42,942 20.35 21.64 32.42
142,353-202,800 29 14.70 43.70 69,357 21.85 25.78 35.93
202,800-+ 33 14.70 47.70   23.85 31.30 40.61

 

Tax Credits

Personal Tax Credit             

  • Federal            11,635 x 15% =  1,745
  • Provincial         10,208 x 5.06% =  516

Spousal     

  • Federal            11,635 x 15% =  1,745
  • Provincial           8,740 x 5.06% = 442

Age 65+ (less than 34,562)

  • Federal               7,225 x 15% =  1,084
  • Provincial            4,578 x 5.06% =  232

OAS Clawback          Starts at 74,789

 

Other Items

CPP & OAS Rates

  • Max CPP       $1,114.17/mo.
  • Max OAS       $  578.53/mo.

RRSP Contrib. Limits

  • $26,010