1 month ago - A tax bracket is a range of annual taxable income. Income past a certain point is taxed at a higher rate. The tax brackets are indexed each year to the Consumer Price Index for B.C. (BC CPI). For the 2026 tax year, the tax brackets were increased from the previous year by a BC CPI rate of 2.2%.

The Federal tax brackets and personal tax credit amounts are increased for 2026 by an indexation factor of 1.02 (2% increase). See Indexation of the Personal Income Tax System for how the indexation factors are calculated.

Information on income tax rates in Canada including federal rates and those rates specific to provinces and territories.

Estimate your British Columbia taxes for with our BC Income Tax Calculator. Get your estimated tax refund, after-tax income, marginal tax rate & tax brackets.

2 weeks ago - The second ceiling in 2026 is $85,000, up from $81,200 in 2025. To work out the maximum CPP contribution under the second ceiling, employees have to take the difference between $74,600 and $85,000, which is $10,400, and multiply that amount ...

1 month ago - The 2026 B.C. personal income tax brackets and rates and basic tax credits are now posted on our website.

1 month ago - The BC CPI used to adjust base amounts was 2.8% for 2025 and 2.2% for 2026. The B.C. tax reduction credit is a non-refundable tax credit for individuals who have a net income below a certain amount.

December 2, 2025 - Tax brackets are updated based on inflation rates using the Consumer Price Index. This means that tax bracket thresholds increase in relation to the increase of the costs of goods and services. Here are new federal and provincial tax brackets and rates for 2026:

December 3, 2025 - BC author on the merits of being ... and $114,750. In 2026, that bracket and rate will cover the portion of income between $58,523 and $117,045....

June 12, 2025 - The new tax rates effective January 1, 2026, will apply to the speculation and vacancy tax payable by property owners based on the use of their residential properties during the 2026 calendar year and onward, and will not impact taxpayers declaring based on the use of their residential properties in 2025 or before.

December 5, 2025 - As you can see, no matter where you live in BC, your marginal tax rate is going to be the same, but it will differ if you live in a different province. With that in mind, everyone’s tax situation is going to look a little bit different. Let’s take a look at how much tax you would pay based on different salaries. Just like with personal tax rates, corporations have tax rates as well. As of 2026, the corporate tax rate you are subject to is based on whether you’re considered to be a corporation or a small business.

April 11, 2025 - ... The basic Film Incentive BC tax credit, which applies to domestic productions, will increase from 35% to 40% of eligible labor costs, while the Production Services Tax Credit, benefiting international productions, rises from 28% to 36% for ...

March 6, 2025 - taxnews.ey.comPrintShare: · Canada | British Columbia budget 2025-26

To reflect a one-percentage-point cut in the lowest tax rate coming into effect halfway through the year, the full-year tax rate for 2025 will be 14.5% and the full-year rate for 2026 and future tax years will be 14%.

Estimate your provincial taxes with our free British Columbia income tax calculator. See your tax bracket, marginal and average tax rates, payroll tax deductions, tax refunds, and taxes owed.

For 2026 and subsequent tax years, the lowest federal tax bracket will be 14%.

October 9, 2025 - KPMG in Canada’s 2025-2026 edition ... to the lowest federal income tax bracket decreases to 14.5% in 2025 (from 15%) and to 14% in 2026...

Every year, the federal and provincial governments determine the income ranges and the applicable tax rates for those ranges (the “tax brackets”). These tax brackets are reset each year as they are adjusted to account for inflation.

For 2026 and subsequent tax year, the $60,000 threshold will be indexed like other income brackets, and the 8% tax rate will apply to this first bracket.

August 26, 2025 - Tax Facts provides you with a summary of current personal income tax rates and amounts, as well as current corporate tax rates.