Taxable | Fed. Tax | Prov. Tax | Total Tax(%) | Taxes Paid(%) | Capital Gains(%) | Eligible Dividend | Non-Eligible |
|---|---|---|---|---|---|---|---|
| 0-41,725 | 15 | 5.06 | 20.06 | 8,370 | 10.03 | -9.60 | 10.43 |
| 41,725-48,535 | 15 | 7.70 | 22.70 | 9,915 | 11.35 | -5.96 | 13.47 |
48,535-83,451 | 20.5 | 7.70 | 28.20 | 19,761 | 14.10 | 1.63 | 19.80 |
| 83,451-95,812 | 20.5 | 10.50 | 31.00 | 23,592 | 15.50 | 5.49 | 23.02 |
| 95,812-97,069 | 20.5 | 12.29 | 32.79 | 24,004 | 16.40 | 7.96 | 25.07 |
| 97,069-116,344 | 26 | 12.29 | 38.29 | 31,384 | 19.15 | 15.55 | 31.40 |
| 116,344-150,473 | 26 | 14.70 | 40.70 | 45,274 | 20.35 | 18.88 | 34.17 |
| 150,473-157,748 | 29 | 14.70 | 43.70 | 48,453 | 21.85 | 23.02 | 37.62 |
| 157,748-214,368 | 29 | 16.80 | 45.80 | 74,385 | 22.90 | 25.92 | 40.04 |
| Over 214,368 | 33 | 16.80 | 49.80 | 24.90 | 31.44 | 44.64 |
Tax Credits
Personal Tax Credit
- Federal 12,298 x 15% = 1,844
- Provincial 10,949 x 5.06% = 554
Spousal
- Federal 12,298 x 15% = 1,844
- Provincial 9,376 x 5.06% = 474
Age 65+ (less than 38,508)
- Federal 7,637 x 15% = 1,145
- Provincial 4,910 x 5.06% = 248
OAS Clawback
- Starts at 77,580
Other Items
CPP & OAS Rates
- Max CPP $1,175.83/mo.
- Max OAS $ 613.53/mo.
Source: https://www2.gov.bc.ca/gov/content/taxes/income-taxes/personal/tax-rates
RRSP Contrib. Limits
- $27,230