BC 2023 and 2022 Tax Rates & Tax Brackets

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

The BC tax brackets and personal tax credit amounts are increased for 2023 by an indexation factor of 1.06 (6% increase).

The Federal tax brackets and personal tax credit amounts are increased for 2023 by an indexation factor of 1.063 (6.3% increase).

See Indexation of the Personal Income Tax System for how the indexation factors are calculated.

The indexation factors, tax brackets and tax rates for 2023 have been confirmed to Canada Revenue Agency information.

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 or the Detailed Tax Calculators.

TaxTips.ca - BC Tax Rates
2023 Taxable Income	2023 Tax Rates	2022 Taxable Income	2022 Tax Rates
first $45,654	5.06%	first $43,070	5.06%
over $45,654 up to $91,310	7.70%	over $43,070 up to $86,141	7.70%
over $91,310 up to $104,835	10.50%	over $86,141 up to $98,901	10.50%
over $104,835 up to $127,299	12.29%	over $98,901 up to $120,094	12.29%
over $127,299 up to $172,602	14.70%	over $120,094 up to $162,832	14.70%
over $172,602 up to $240,716	16.80%	over $162,832 up to $227,091	16.80%
over $240,716	20.50%	over $227,091	20.50%

TaxTips.ca - Combined Federal & BC Tax Brackets and Tax Rates
2023 Taxable Income (1)	BC 2023 Marginal Tax Rates				2022 Taxable Income (1)	BC 2022 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 $45,654	20.06%	10.03%	-9.60%	10.43%	first $43,070	20.06%	10.03%	-9.60%	10.43%
over $45,654 up to $53,359	22.70%	11.35%	-5.96%	13.47%	over $43,070 up to $50,197	22.70%	11.35%	-5.96%	13.47%
over $53,359 up to $91,310	28.20%	14.10%	1.63%	19.80%	over $50,197 up to $86,141	28.20%	14.10%	1.63%	19.80%
over $91,310 up to $104,835	31.00%	15.50%	5.49%	23.02%	over $86,141 up to $98,901	31.00%	15.50%	5.49%	23.02%
over $104,835 up to $106,717	32.79%	16.40%	7.96%	25.07%	over $98,901 up to $100,392	32.79%	16.40%	7.96%	25.07%
over $106,717 up to $127,299	38.29%	19.15%	15.55%	31.40%	over $100,392 up to $120,094	38.29%	19.15%	15.55%	31.40%
over $127,299 up to $165,430	40.70%	20.35%	18.88%	34.17%	over $120,094 up to $155,625	40.70%	20.35%	18.88%	34.17%
over $165,430 up to $172,602	44.02%	22.01%	23.46%	37.99%	over $155,625 up to $162,832	44.08%	22.04%	23.54%	38.06%
over $172,602 up to $235,675	46.12%	23.06%	26.36%	40.41%	over $162,832 up to $221,708	46.18%	23.09%	26.44%	40.48%
over $235,675 up to $240,716	49.80%	24.90%	31.44%	44.64%	over $221,708 up to $227,091	49.80%	24.90%	31.44%	44.64%
over $240,716	53.50%	26.75%	36.54%	48.89%	over $227,091	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.
TaxTips.ca British Columbia Basic Personal Amount
2023 Personal Amount	2023 Tax Rate				2022 Personal Amount	2022 Tax Rate
$11,981	5.06%				$11,302	5.06%
Federal Basic Personal Amount
2023 Personal Amount (1)	2023 Tax Rate				2022 Personal Amount (1)	2022 Tax Rate
$15,000	15%				$14,398	15%

(1) See the federal tax rates page for information on the enhanced federal personal amount, which increases the marginal tax rates for taxable incomes in the second highest federal tax bracket. The marginal tax rates in blue above have been adjusted to reflect these changes.

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

Revised: October 26, 2023