TurboTax Canada
turbotax.intuit.ca › tax-resources › british-columbia-income-tax-calculator
2025-26 British Columbia Tax Calculator
The tax rates in British Columbia range from 5.06% to 20.5% of income and the combined federal and provincial tax rate is between 20.06% and 53.5%. British Columbia's marginal tax rate increases as your income increases so you pay higher taxes on the level of income that falls into a higher ...
TaxTips.ca
taxtips.ca › taxrates › bc.htm
TaxTips.ca - BC 2026 & 2025 Tax Rates & Tax Brackets
(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.
Opinion: B.C. maintains high tax rates despite prosperity gap
as noted in a study published by the Fraser Institute, B.C. had the fourth-highest top combined (federal and provincial) income tax rate (53.5 per cent) among 61 Canadian and U.S. jurisdictions in 2023 They're only referring to the HIGHEST income tax bracket, which doesn't even start applying until you're making over $250,000/year. If you make an average income BC actually has some of the lowest income tax rates in Canada, we pay fully $1500 less per year in income tax here on $85k of income than someone earning $85k in Alberta pays, and $1000 less than in Ontario. Given that BC has low income tax rates for people making less than $100k, I figured this was going to be propaganda aimed at reducing tax rates for the rich. And it is. This is propaganda. More on reddit.com
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June 10, 2023Marginal Tax rates
People that don't understand this don't care about the numbers, they already made up their minds and refuse to listen to anything different. They willfully choose ignorance because it allows them to feel like they are smart. This makes them extremely vulnerable to manipulation and misleading information since they will choose to believe what sounds good to them over anything real or factual.
More on reddit.com 76
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August 27, 2023When does BC tax have to be paid?
Along with your federal tax, BC is owed by April 30, 2025. If you or your spouse or common-law partner are self-employed, you have until June 15 to file on time. Again if this date falls on a weekend, the deadline moves to the next business day. However, even if your deadline to file is June 15, you’ll need to pay any tax you owe by April 30.
wealthsimple.com
wealthsimple.com › en-ca › learn › bc-tax-brackets
BC Tax Brackets 2025
Are BC tax brackets incremental?
Yes, BC tax brackets are incremental. The more you earn, the more tax you pay on that additional income. Incremental tax brackets mean that those who earn more pay a higher percentage of their income to the CRA. A uniform tax rate would mean that everyone, no matter their income, paid the same percentage. That leads to high income earners paying a relatively small amount.
wealthsimple.com
wealthsimple.com › en-ca › learn › bc-tax-brackets
BC Tax Brackets 2025
How do tax brackets work in BC?
BC tax brackets are added to federal tax brackets to determine the total amount of income tax you’ll pay. For 2025, the highest combined marginal tax rate is 53.5% on every dollar you make over $259,829. The lowest marginal tax rate is 20.06% on the first $49,279 you make.
wealthsimple.com
wealthsimple.com › en-ca › learn › bc-tax-brackets
BC Tax Brackets 2025
Canada.ca
canada.ca › en › revenue-agency › services › tax › individuals › frequently-asked-questions-individuals › canadian-income-tax-rates-individuals-current-previous-years.html
Tax rates and income brackets for individuals - Canada.ca
Information on income tax rates in Canada including federal rates and those rates specific to provinces and territories.
Province of British Columbia
www2.gov.bc.ca › gov › content › taxes › income-taxes › personal › tax-rates
Personal income tax rates - Province of British Columbia
1 month ago - Tax rates are applied on a cumulative basis. For example, if your taxable income is more than $50,363, the first $50,363 of taxable income is taxed at 5.06%, the next $50,365 of taxable income is taxed at 7.70%, the next $14,920 of taxable income is taxed at 10.50%, the next $24,782 of taxable income is taxed at 12.29%, the next $49,975 of taxable income is taxed at 14.70%, the next $75,140 is taxed at 16.80%, and any income above $265,545 is taxed at 20.50%.
Wealthsimple
wealthsimple.com › en-ca › learn › bc-tax-brackets
BC Tax Brackets 2025
BC tax brackets are added to federal tax brackets to determine the total amount of income tax you’ll pay. For 2025, the highest combined marginal tax rate is 53.5% on every dollar you make over $259,829.
EY
ey.com › content › dam › ey-unified-site › ey-com › en-ca › services › tax › tax-calculators › 2025 › ey-tax-rates-british-columbia-2025-01-15-v1.pdf pdf
Combined federal and provincial personal income tax rates
January 15, 2025 - Taxable income · British Columbia · Marginal rate on · 1. The tax rates reflect budget proposals and news releases up to January 15, 2025. Where the tax is determined under the alternative · minimum tax provisions (AMT), the above table is not applicable.
TD
stories.td.com › ca › en › article › how-do-marginal-tax-rates-work
How do marginal tax rates work in Canada? | TD Stories | TD Stories
To help you understand marginal tax rates, think of a pie as representative of your total taxable income. Now imagine cutting that pie into multiple slices with the first slice representing all the money you earned up to and including $55,867 – the first tax bracket.
Ciccone-mckay
ciccone-mckay.com › income-taxes3.html
Average & Marginal Tax Rates |Ciccone McKay Financial Group Vancouver - wealth management, risk management, employee benefits and more
In the example of the British Columbian individual earning $125,000 in 2020, her Marginal Tax Rate would be 40.70%. The taxpayer would fall into the Federal Tax Bracket of $97,069.01 to $150,473, with a resulting tax rate of 26.00%. She would also be subject to a BC Provincial tax rate of 14.70% as her total income falls between $116,344.01 and $157,748.
EY
ey.com › en_ca › services › tax › tax-calculators
EY Tax Calculators & Rates | EY - Canada
Calculate your annual federal and provincial combined tax rate with our easy online tool.
RHN CPA
rhncpa.com › resources › taxrates
BC Tax Rates: Stay Informed For Better Financial Planning
February 26, 2025 - Basic personal amount: The basic personal amount for 2025 is $16,129 for taxpayers with net income of $177,882 or less. At income levels above $177,882, the basic personal amount is gradually clawed back until it reaches $14,538 for net income ...
CIBC
cibc.com › content › dam › personal_banking › advice_centre › tax-savings › do-you-know-your-tax-rate-en.pdf pdf
It's 2025: Do you know what your tax rate is? I 1
Your marginal tax rate is the amount of tax you would pay on an extra dollar of income.
BDO Canada
bdo.ca › home › insights › 2025 top personal marginal tax rates
2025 top personal marginal tax rates
June 9, 2025 - (1) The federal top marginal tax rate applies on taxable income over $253,414 for 2025.
Wealthsimple
wealthsimple.com › en-ca › learn › average-marginal-tax-rates
Average and Marginal Tax Rates
Knowing your average tax rate helps you understand your total tax burden and gives you a clear idea of how much tax was actually deducted from your income. The marginal tax rate is the tax rate at which you pay taxes on the next dollar of income earned. In Canada, the income of taxpayers is divided among several federal and provincial or territorial tax brackets.
Doane Grant Thornton
doanegrantthornton.ca › globalassets › 1.-member-firms › canada › insights › pdfs › gt-21-281-2022-tax-rate-cards_bc_01-17-22_final-a.pdf pdf
British Columbia tax rates
2022 BC rate card: Combined federal and provincial personal income · tax rates* Taxable · income · Taxes · payable · on salary/ interest · income · Effective · tax rate · Marginal tax rate on incremental income · Salary / Interest · income · Capital ·
EY
eytaxcalculators.com › en › 2025-personal-tax-calculator.html
2025 Personal tax calculator | EY Canada
Calculate your combined federal and provincial tax bill in each province and territory. The calculator reflects known rates as of June 1, 2025.
Fraser Institute
fraserinstitute.org › studies › personal-income-taxes-and-metr-british-columbia
Personal Income Taxes and the METR in British Columbia | Fraser Institute
January 3, 2025 - This overall effect can be best measured using a simple concept known as the Marginal Effective Tax Rate (METR), which is the fraction of each additional dollar earned that is lost either directly through taxes or indirectly through reduced benefit amounts.
RBC Wealth Management
ca.rbcwealthmanagement.com › web › aaron.fennell › taxtables
Tax Tables
Tax Tables, Ontario Tax Rates, Income Tax Rates, Federal Tax Rates
Wealthsimple
wealthsimple.com › tax calculator › british columbia tax calculator
2025 income tax calculator for British Columbia | Wealthsimple
Graduated rates mean that for a specified increase in your income, your tax rate for that portion of your income goes up. For every dollar a taxpayer earns above $240,716, their income is taxed on the marginal tax rate of 20.5%.
Sun Life Canada
suncentral.sunlife.ca › content › dam › sunlife › regional › canada › documents › slfd › 2025-efps-tax-newsletters-british-columbia-en.pdf pdf
QUICK REFERENCE TAX CARD 2025 British Columbia
Combined Federal & Provincial personal marginal tax rates