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Marginal Tax Rates for 2021 (BC)

Taxable
Income

Fed. Tax
Rate %

Prov. Tax
 Rate%

Total Tax(%)

Taxes Paid(%)

Capital Gains(%)

Eligible Dividend
(actual not grossed)

Non-Eligible
Div. (%)

0-42,184155.0620.068,46210.03-9.6010.43
42,184-49,020157.7022.7010,01311.35-5.9613.47
49,020-84,36920.57.7028.2019,98114.101.6319.80
84,369-96,86620.510.5031.0023,85515.505.4923.02
96,866-98,04020.512.2932.7924,24016.407.9625.07
98,040-117,6232612.2938.2931,73819.1515.5531.40
117,623-151,9782614.7040.7045,72020.3518.8834.17
151,978-159,48329.3214.7044.0249,02322.0123.4637.99
159,483-216,51129.3216.8046.1275,32423.0626.3640.41
216,511-222,4203316.8049.8078,26624.9031.4444.64
Over 222,4203320.5053.50
26.7536.5448.89

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