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British Columbia
Tax Rates   ->   Current Marginal Tax Rates -> BC Personal Income Tax Rates

BC 2022 and 2021 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 2022 by an indexation factor of 1.024 (a 2.4% increase).

The BC tax brackets and personal tax credit amounts are increased for 2022 by an indexation factor of 1.021 (a 2.1% increase).

The indexation factors, tax brackets and tax rates 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.

British Columbia Personal Income Tax Brackets and Tax Rates
2022 Taxable Income 2022 Tax Rates 2021 Taxable Income 2021 Tax Rates
first $43,070 5.06% first $42,184 5.06%
over $43,070 up to $86,141 7.70% over $42,184 up to $84,369 7.70%
over $86,141 up to $98,901 10.50% over $84,369 up to $96,866 10.50%
over $98,901 up to $120,094 12.29% over $96,866 up to $117,623 12.29%
over $120,094 up to $162,832 14.70% over $117,623 up to $159,483 14.70%
over $162,832 up to $227,091 16.80% over $159,483 up to $222,420 16.80%
over $227,091 20.50% over $222,420 20.50%

 

Combined Federal & British Columbia Tax Brackets and Tax Rates
2022 Taxable Income BC 2022 Marginal Tax Rates 2021 Taxable Income BC 2021 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $43,070 20.06% 10.03% -9.60% 10.43% first $42,184 20.06% 10.03% -9.60% 10.43%
over $43,070 up to $50,197 22.70% 11.35% -5.96% 13.47% over $42,184 up to $49,020 22.70% 11.35% -5.96% 13.47%
over $50,197 up to $86,141 28.20% 14.10% 1.63% 19.80% over $49,020 up to $84,369 28.20% 14.10% 1.63% 19.80%
over $86,141 up to $98,901 31.00% 15.50% 5.49% 23.02% over $84,369 up to $96,866 31.00% 15.50% 5.49% 23.02%
over $98,901 up to $100,392 32.79% 16.40% 7.96% 25.07% over $96,866 up to $98,040 32.79% 16.40% 7.96% 25.07%
over $100,392 up to $120,094 38.29% 19.15% 15.55% 31.40% over $98,040 up to $117,623 38.29% 19.15% 15.55% 31.40%
over $120,094 up to $155,625 40.70% 20.35% 18.88% 34.17% over $117,623 up to $151,978 40.70% 20.35% 18.88% 34.17%
over $155,625 up to $162,832 44.08% 22.04% 23.54% 38.06% over $151,978 up to $159,483 44.02% 22.01% 23.46% 37.99%
over $162,832 up to $221,708 46.18% 23.09% 26.44% 40.48% over $159,483 up to $216,511 46.12% 23.06% 26.36% 40.41%
over $221,708 up to $227,091 49.80% 24.90% 31.44% 44.64% over $216,511 up to $222,420 49.80% 24.90% 31.44% 44.64%
over $227,091 53.50% 26.75% 36.54% 48.89% over $222,420 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
2022 Personal Amount 2022 Tax Rate 2021 Personal Amount 2021 Tax Rate
$11,302 5.06% $11,070 5.06%
Federal Basic Personal Amount
2022 Personal Amount (1) 2022 Tax Rate 2021 Personal Amount (1) 2021 Tax Rate
$14,398 15% $13,808 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: December 16, 2021

 

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from TaxTips.ca

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