Marginal Tax Rates for 2024 (BC)

Taxable Income	Fed. Tax Rate %	Prov. Tax Rate%	Total Tax(%)	Taxes Paid(%)	Capital Gains(%)	Eligible Dividend (actual not grossed)	Non-Eligible Div. (%)
0 - 47,937	15	5.06	20.06	9,616	10.03	-9.60	10.43
47,937-55,867	15	7.70	22.70	11,416	11.35	-5.96	13.47
55,867-95,875	20.5	7.70	28.20	22,698	14.10	1.63	19.80
95,875-110,076	20.5	10.50	31.00	27,100	15.50	5.49	23.02
110,076-111,733	20.5	12.29	32.79	27,643	16.40	7.96	25.07
111,733-133,664	26	12.29	38.29	36,040	19.15	15.55	31.40
133,664-173,205	26	14.70	40.70	52,133	20.35	18.88	34.17
173,205-181,232	29.32	14.70	44.02	55,666	22.01	23.46	37.99
181,232-246,752	29.32	16.80	46.12	85,883	23.06	26.36	40.41
246,752-252,752	33	16.80	49.80	88,871	24.90	31.44	44.64
Over 252,752+	33	20.50	53.50		26.75	36.54	48.89

Tax Credits

Personal Tax Credit

Federal 15,705 x 15% = 2,355
Provincial 12,580 x 5.06% = 636

Spousal

Federal 15,705 x 15% = 2,355
Provincial 10,772 x 5.06% = 545

Age 65+ (less than 42,335)

Federal 8,790 x 15% = 1,318
Provincial 5,641 x 5.06% = 285
Fully phased out at $103,000

OAS Clawback

Starts at 90,997

Other Items

CPP & OAS Rates

Max CPP $1,364.60/mo.
Max OAS $ 713.34/mo.

_Source:_{https://www2.gov.bc.ca/gov/content/taxes/income-taxes/personal/tax-rates}

RRSP Contrib. Limits

$31,560

TFSA Maximum

$95,000