TaxTips.ca - BC Tax comparison for 2000 to 2011

TaxTips.ca Canadian Tax and Financial Information	BC Tax Comparison 2000 to 2011	TaxTips.ca does not research or endorse any product or service appearing in ads on this site. Before making a major financial decision you should consult a qualified professional. Copyright © 2012
Looking for US tax information? See USTaxTips.net

Revise your listing in the TaxTips.ca Business Directory.

Need an accounting, tax or financial advisor? Look in the TaxTips.ca Business Directory.

BC Tax -> Tax comparison

Tax comparison - BC provincial income taxes payable (refundable) on different income levels

Single Person

Income	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011
10,000	233	146	111	102	89	0	0	0	0	0	(115)	(230)
20,000	1,505	1,308	1,292	1,355	1,342	1,117	1,086	1,051	1,019	989	719	633
30,000	2,345	2,038	1,897	1,960	1,947	1,938	1,927	1,917	1,907	1,896	1,645	1,683
40,000	3,584	3,072	2,777	2,824	2,786	2,758	2,726	2,696	2,666	2,634	2,260	2,291
60,000	6,164	5,172	4,607	4,654	4,616	4,588	4,556	4,526	4,496	4,464	3,800	3,831
80,000	9,895	8,081	7,060	7,056	6,939	6,853	6,754	6,661	6,580	6,512	5,572	5,586
100,000	14,033	11,371	9,932	9,913	9,773	9,672	9,553	9,442	9,337	9,216	7,988	7,990
120,000	18,194	14,711	12,872	12,853	12,713	12,612	12,493	12,382	12,277	12,156	10,928	10,911

Included in the total taxes calculation:

	personal income tax, net of basic personal amount tax credit
	surtax on high tax levels (2000 only)
	low income tax reduction (introduced in 2005)
	BC MSP premiums
	NOT included - federal income tax
	NOT included - tax credits for CPP contributions and EI premiums paid

Average tax rates

Income	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011
10,000	2.3%	1.5%	1.1%	1.0%	0.9%	0%	0%	0%	0%	0%	(1.2%)	(2.3%)
20,000	7.5%	6.5%	6.5%	6.8%	6.7%	5.6%	5.4%	5.3%	5.1%	4.9%	3.6%	3.2%
30,000	7.8%	6.8%	6.3%	6.5%	6.5%	6.5%	6.4%	6.4%	6.4%	6.3%	5.5%	5.6%
40,000	9.0%	7.7%	6.9%	7.1%	7.0%	6.9%	6.8%	6.7%	6.7%	6.6%	5.7%	5.7%
60,000	10.3%	8.6%	7.7%	7.8%	7.7%	7.6%	7.6%	7.5%	7.5%	7.4%	6.3%	6.4%
80,000	12.4%	10.1%	8.8%	8.8%	8.7%	8.6%	8.4%	8.3%	8.2%	8.1%	7.0%	7.0%
100,000	14.0%	11.4%	9.9%	9.9%	9.8%	9.7%	9.6%	9.4%	9.3%	9.2%	8.0%	8.0%
120,000	15.2%	12.3%	10.7%	10.7%	10.6%	10.5%	10.4%	10.3%	10.2%	10.1%	9.1%	9.1%

The above rates are average tax rates (total taxes divided by income), not marginal tax rates. For marginal tax rate tables see the Marginal Tax Rates page.

Revised: October 28, 2011

The information on this site is not intended to be a substitute for professional advice. Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage.
See our Business Directory for tax, accounting and finance-related firms in your area.
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.