Courtesy of Lynda @ BCG

Here are the tax rates in BC:

Tax rates for British Columbia (this is for the income that you earn at your job or take as a T4 from your company if you own one):

  • $0 – $35,716                    5.06%
  • $35,717 – $71,433            7.70%
  • $71,434 – $82,014            10.50%
  • $82,015 – $99,588            12.29%
  • $99,589 and over              14.70%

Here are the tax rates for the federal government: 

Tax rates for the Federal Government (this is for the income that you earn at your job or take as a T4 from your company if you own one):

  • $0 – $40,726                    15%
  • $40,727 – $81,452            22%
  • $81,453 – $126,263          26%
  • $126,264 and over            29%

RRSP Contribution Limits – 18% of previous year’s income to a maximum of:

  • 2009 – $21,000
  • 2010 – $22,000
  • 2011 & beyond – indexed to average wage growth

2009 Top Marginal Tax Rates (federal & provincial rates combined in BC). This would be income that is above your salary (such as dividends received from stocks or interest from a GIC):

  • Interest/Foreign dividends – 43.7% (GIC’s, Term deposits, Stocks from stock markets outside of Canada)
  • Eligible Dividends – 19.9% (Stocks from Canadian stock market)
  • Ineligible Dividends – 32.7%
  • Capital Gains – 21.9% (Sale of a investment property, sale from a stock or mutual fund)