Wolrige Mahon LLP Chartered Accountants, Vancouver British Columbia Canada Wolrige Mahon LLP Chartered Accountants, Vancouver BC Canada   Wolrige Mahon LLP Chartered Accountants, Vancouver British Columbia Canada
 

Tax Rates


Personal Tax Rates for British Columbia
(Combined Federal and Provincial)

Taxable Income* Tax Taxable Income* Tax
36,000  5,111  80,000  18,063 
38,000  5,565  82,000  18,716 
40,000  6,019  84,000  19,475 
42,000  6,546  86,000  20,241 
44,000  7,140  88,000  21,007 
46,000  7,734  90,000  21,713 
48,000  8,328  92,000  22,539 
50,000  8,922  94,000  23,304 
52,000  9,516  96,000  24,070 
54,000  10,110  98,000  24,836 
56,000  10,704  100,000  25,602 
58,000  11,298  102,000  26,416 
60,000  11,892  104,000  27,230 
62,000  12,486  106,000  28,044 
64,000  13,080  108,000  29,014 
66,000  13,674  110,000  29,672 
68,000  14,268  112,000  30,486 
70,000  14,862  114,000  31,300 
72,000  15,463  116,000  32,114 
74,000  16,113  118,000  32,928 
76,000  16,763  120,000  33,742 
78,000  17,413  122,000  34,556 

Over $130,000: $36,600 plus 43.70% on taxable income in excess of $127,021.

* Taxes are reduced by all applicable credits other than basic personal tax credits, which have been reflected in the calculations. The personal tax table does not apply to dividend income.


Corporate Tax Rates for British Columbia
(Combined Federal and Provincial)

First $500,000 for Small Business *13.50%
Specified Investment Business**45.17%
General Business Rate28.50%

The rates shown are the combined federal and BC rates for corporations with fiscal years commencing January 1, 2010 and ending December 31, 2010. Different rates may apply to corporations with non-calendar year-ends or short year-ends.

* The small business deduction (SBD) applies to the first $500,000 of active business income of Canadian controlled private corporations (CCPCs) or associated groups of CCPCs. The SBD is reduced for CCPCs or associated corporations with taxable capital in excess of $10 million and is eliminated when taxable capital equals $15 million.

** The rate is reduced to 18.5% subsequent to the payment of taxable dividends and receipt of a dividend refund.

These rates are based on announcements made by the federal and provincial governments with the assumption that they will be passed into law.



For more information on tax, please contact Paul Gaster via email at pgaster@wolrigemahon.com or by phone at 604-691-6807.


tax tables available for download

 

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Wolrige Mahon LLP
Chartered Accountants
Ninth Floor, Commerce Place
400 Burrard Street
Vancouver, B.C. V6C 3B7

Tel: 604.684.6212
Fax: 604.688.3497
email@wolrigemahon.com




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