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Marginal Tax Rates for 2019 (BC)

Taxable
Income


Fed. Tax
Rate %


Prov. Tax
 Rate%


Total Tax(%)


Taxes Paid(%)


Capital Gains(%)


Eligible Dividend
(actual not grossed)


Non-Eligible
Div. (%)


0-40,707155.0620.068,165
10.03-9.6010.43
40,707-47,630157.7022.709,73611.35-5.9613.47

47,630-81,416

20.57.7028.2019,264
14.101.63
19.80
81,416-93,47620.510.5031.0023,002
15.505.49
23.02
93,476-95,25920.512.2932.7923,58716.407.96
25.07
95,259-113,5062612.2938.2930,574
19.1515.55
31.40
113,506-147,6672614.7040.7044,477
20.3518.88
34.17
147,667-153,9002914.7043.7047,20021.8523.02
37.62
153,900-210,3712916.8045.8073,064
22.9025.92
40.04
Over 210,3713316.8049.80 24.9031.44
44.64

Tax Credits

Personal Tax Credit             

  • Federal            12,069 x 15% =  1,810
  • Provincial         10,682 x 5.06% =  540

Spousal     

  • Federal            12,069  x 15% =  1,810
  • Provincial           9,147  x 5.06% = 463

Age 65+ (less than 37,790)

  • Federal               7,494 x 15% =  1,124
  • Provincial            4,791 x 5.06% =  242

OAS Clawback

  • Starts at 77,580


Other Items

CPP & OAS Rates

  • Max CPP       $1,134.17/mo.
  • Max OAS       $    601.45/mo.

RRSP Contrib. Limits

  • $26,500