BC 2021 and 2020 Personal Marginal Income Tax Rates

BC Income Tax Act s. 4.1, 4.3, 4.52, 4.69

The Federal tax brackets and personal tax credit amounts are increased for 2021 by an indexation factor of 1.010.

The BC tax brackets and personal tax credit amounts are increased for 2021 by an indexation factor of 1.011.

The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

The BC 2020 Budget added a new high tax bracket for 2020 for taxable incomes over $220,000, which is indexed after 2020.

Tax Tip: read the article Understanding the Tables of Personal Income Tax Rates, especially if you are trying to compare the rates below to the marginal tax rates in the Basic Tax Calculator.

British Columbia Personal Income Tax Brackets and Tax Rates
2021 Taxable Income	2021 Tax Rates	2020 Taxable Income	2020 Tax Rates
first $42,184	5.06%	first $41,725	5.06%
over $42,184 up to $84,369	7.70%	over $41,725 up to $83,451	7.70%
over $84,369 up to $96,866	10.50%	over $83,451 up to $95,812	10.50%
over $96,866 up to $117,623	12.29%	over $95,812 up to $116,344	12.29%
over $117,623 up to $159,483	14.70%	over $116,344 up to $157,748	14.70%
over $159,483 up to $222,420	16.80%	over $157,748 up to $220,000	16.80%
over $222,420	20.50%	over $220,000	20.50%

Combined Federal & British Columbia Tax Brackets and Tax Rates
2021 Taxable Income	2021 Marginal Tax Rates				2020 Taxable Income	2020 Marginal Tax Rates
	Other Income	Capital Gains	Canadian Dividends			Other Income	Capital Gains	Canadian Dividends
	Other Income	Capital Gains	Eligible	Non-Eligible		Other Income	Capital Gains	Eligible	Non-Eligible
first $42,184	20.06%	10.03%	-9.60%	10.43%	first $41,725	20.06%	10.03%	-9.60%	10.43%
over $42,184 up to $49,020	22.70%	11.35%	-5.96%	13.47%	over $41,725 up to $48,535	22.70%	11.35%	-5.96%	13.47%
over $49,020 up to $84,369	28.20%	14.10%	1.63%	19.80%	over $48,535 up to $83,451	28.20%	14.10%	1.63%	19.80%
over $84,369 up to $96,866	31.00%	15.50%	5.49%	23.02%	over $83,451 up to $95,812	31.00%	15.50%	5.49%	23.02%
over $96,866 up to $98,040	32.79%	16.40%	7.96%	25.07%	over $95,812 up to $97,069	32.79%	16.40%	7.96%	25.07%
over $98,040 up to $117,623	38.29%	19.15%	15.55%	31.40%	over $97,069 up to $116,344	38.29%	19.15%	15.55%	31.40%
over $117,623 up to $151,978	40.70%	20.35%	18.88%	34.17%	over $116,344 up to $150,473	40.70%	20.35%	18.88%	34.17%
over $151,978 up to $159,483(1)	44.02%	22.01%	23.46%	37.99%	over $150,473 up to $157,748(1)	43.92%	21.96%	23.32%	37.87%
over $159,483 up to $216,511(1)	46.12%	23.06%	26.36%	40.41%	over $157,748 up to $214,368(1)	46.02%	23.01%	26.22%	40.29%
over $216,511 up to $222,420	49.80%	24.90%	31.44%	44.64%	over $214,368 up to $220,000	49.80%	24.90%	31.44%	44.64%
over $222,420	53.50%	26.75%	36.54%	48.89%	over $220,000	53.50%	26.75%	36.54%	48.89%
Marginal tax rate for dividends is a % of actual dividends received (not grossed-up taxable amount). Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains). Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%. For more information see BC dividend tax credits. Copyright © 2002 Boat Harbour Investments Ltd.
British Columbia Basic Personal Amount
2021 Personal Amount	2021 Tax Rate				2020 Personal Amount	2020 Tax Rate
$11,070	5.06%				$10,949	5.06%
Federal Basic Personal Amount
2021 Personal Amount (1)	2021 Tax Rate				2020 Personal Amount (1)	2020 Tax Rate
$13,808	15%				$13,229	15%

(1) See the federal tax rates page for information on the federal personal amount increase.

The marginal tax rates above have been adjusted to reflect these changes.

BC tax rates can also be seen on the BC Ministry of Finance website.

Revised: May 18, 2025