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Marginal Tax Rates for 2022 (BC)

Taxable
Income

Fed. Tax
Rate %

Prov. Tax
 Rate%

Total Tax(%)

Taxes Paid(%)

Capital Gains(%)

Eligible Dividend
(actual not grossed)

Non-Eligible
Div. (%)

0 - 43,070155.0620.068,64010.03-9.6010.43
43,070 - 50,197 157.7022.7010,25811.35-5.9613.47
59,197- 86,141 20.57.7028.2020,39414.101.6319.80
86,141 - 98,90120.510.5031.0024,35015.505.4923.02
98,901 - 100,39220.512.2932.7924,83916.407.9625.07
100,392 - 120,0942612.2938.2932,38219.1515.5531.40
120,094 - 155,6252614.7040.7046,84320.3518.8834.17
155,625 - 162,83229.3814.7044.0850,02023.0423.5438.06
162,832 - 221,70829.3816.8046.1877,20923.0926.4440.48
221,708 - 227,0913316.8049.8079,89024.9031.4444.64
Over 227,091
3320.5053.50
26.7536.5448.89

Tax Credits

Personal Tax Credit             

  • Federal              14,398  x 15% =  2,160
  • Provincial         11,302 x 5.06% =  572

Spousal     

  • Federal             14,398  x 15% =  2,160
  • Provincial          9,678  x 5.06% =   490

Age 65+ (less than 38,508)

  • Federal                  7,898  x 15% =  1,185
  • Provincial            5,069  x 5.06% =  256
  • Fully phased out at $90,313

OAS Clawback

  • Starts at 81,761


Other Items

CPP & OAS Rates

  • Max CPP       $1,253.59/mo.
  • Max OAS       $    642.25/mo.


Source:  https://www2.gov.bc.ca/gov/content/taxes/income-taxes/personal/tax-rates 

RRSP Contrib. Limits

  • $29,210

TFSA Maximum

  • 81,500