Taxable | Fed. Tax | Prov. Tax | Total Tax(%) | Taxes Paid(%) | Capital Gains(%) | Eligible Dividend | Non-Eligible |
|---|---|---|---|---|---|---|---|
| 0-42,184 | 15 | 5.06 | 20.06 | 8,462 | 10.03 | -9.60 | 10.43 |
| 42,184-49,020 | 15 | 7.70 | 22.70 | 10,013 | 11.35 | -5.96 | 13.47 |
| 49,020-84,369 | 20.5 | 7.70 | 28.20 | 19,981 | 14.10 | 1.63 | 19.80 |
| 84,369-96,866 | 20.5 | 10.50 | 31.00 | 23,855 | 15.50 | 5.49 | 23.02 |
| 96,866-98,040 | 20.5 | 12.29 | 32.79 | 24,240 | 16.40 | 7.96 | 25.07 |
| 98,040-117,623 | 26 | 12.29 | 38.29 | 31,738 | 19.15 | 15.55 | 31.40 |
| 117,623-151,978 | 26 | 14.70 | 40.70 | 45,720 | 20.35 | 18.88 | 34.17 |
| 151,978-159,483 | 29.32 | 14.70 | 44.02 | 49,023 | 22.01 | 23.46 | 37.99 |
| 159,483-216,511 | 29.32 | 16.80 | 46.12 | 75,324 | 23.06 | 26.36 | 40.41 |
| 216,511-222,420 | 33 | 16.80 | 49.80 | 78,266 | 24.90 | 31.44 | 44.64 |
| Over 222,420 | 33 | 20.50 | 53.50 | 26.75 | 36.54 | 48.89 |
Tax Credits
Personal Tax Credit
- Federal 13,808 x 15% = 2,071
- Provincial 11,070 x 5.06% = 560
Spousal
- Federal 13,808 x 15% = 2,071
- Provincial 9,479 x 5.06% = 479
Age 65+ (less than 38,508)
- Federal 7,713 x 15% = 1,156
- Provincial 4,964 x 5.06% = 251
OAS Clawback
- Starts at 79,845
Other Items
CPP & OAS Rates
- Max CPP $1,203.75/mo.
- Max OAS $ 615.37/mo.
Source: https://www2.gov.bc.ca/gov/content/taxes/income-taxes/personal/tax-rates
RRSP Contrib. Limits
- $27,830
TFSA Maximum
- 75,500