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Income Tax Rates / Dividends / Capital Gains

BC 2018 Personal Marginal Income Tax Rates

The Federal tax brackets and personal amounts are increased for 2018 by an indexation factor of 1.015, and the BC brackets and amounts are increased by an indexation factor of 1.020. The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

The BC September 2017 Budget announced the introduction of a new top personal tax rate of 16.8% for taxable income that exceeds $150,000, effective January 1, 2018. The $150,000 bracket will not be indexed.

The 2018 marginal tax rates for non-eligible dividends reflect the rates that are in effect automatically due to the change in the gross-up rate for 2018.

 

 

 

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

*Source: www.TaxTips.ca