{"id":660,"date":"2009-03-18T10:11:29","date_gmt":"2009-03-18T18:11:29","guid":{"rendered":"http:\/\/www.jerslife.com\/word\/?p=660"},"modified":"2009-03-18T10:11:29","modified_gmt":"2009-03-18T18:11:29","slug":"bc-tax-info","status":"publish","type":"post","link":"http:\/\/www.jerslife.com\/word\/bc-tax-info","title":{"rendered":"BC Tax Info"},"content":{"rendered":"<p>Courtesy of Lynda @ BCG<\/p>\n<blockquote>\n<p class=\"MsoNormal\"><span>Here are the tax rates in BC:<\/span><\/p>\n<p class=\"MsoNormal\"><strong><span>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):<\/span><\/strong><\/p>\n<ul type=\"disc\">\n<li class=\"MsoNormal\"><span>$0      &#8211;      $35,716\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0      5.06%<\/span><span> <\/span><\/li>\n<li class=\"MsoNormal\"><span>$35,717      &#8211;      $71,433\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0      7.70%<\/span><span> <\/span><\/li>\n<li class=\"MsoNormal\"><span>$71,434      &#8211;      $82,014\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0      10.50%<\/span><span> <\/span><\/li>\n<li class=\"MsoNormal\"><span>$82,015      &#8211;      $99,588\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0      12.29%<\/span><span> <\/span><\/li>\n<li class=\"MsoNormal\"><span>$99,589      and      over\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a014.70%<\/span><span><\/span><\/li>\n<\/ul>\n<p class=\"MsoNormal\"><span>Here are the tax rates for the federal government:\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><strong><span>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):<\/span><\/strong><\/p>\n<ul type=\"disc\">\n<li class=\"MsoNormal\"><span>$0      &#8211; $40,726      \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0      15% <\/span><\/li>\n<li class=\"MsoNormal\"><span>$40,727      &#8211;      $81,452\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a022% <\/span><\/li>\n<li class=\"MsoNormal\"><span>$81,453      &#8211; $126,263\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a026% <\/span><\/li>\n<li class=\"MsoNormal\"><span>$126,264\u00a0and      over\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 29%<\/span><span><\/span><\/li>\n<\/ul>\n<p class=\"MsoNormal\"><strong><span>RRSP Contribution Limits &#8211; 18% of previous year&#8217;s income to a maximum of:<\/span><\/strong><\/p>\n<ul type=\"disc\">\n<li class=\"MsoNormal\"><span>2009      &#8211; $21,000<\/span><span> <\/span><\/li>\n<li class=\"MsoNormal\"><span>2010      &#8211; $22,000<\/span><span> <\/span><\/li>\n<li class=\"MsoNormal\"><span>2011      &amp; beyond &#8211; indexed to average wage growth<\/span><span><\/span><\/li>\n<\/ul>\n<p class=\"MsoNormal\"><strong><span>2009 Top Marginal Tax Rates (federal &amp; 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):<\/span><\/strong><\/p>\n<ul type=\"disc\">\n<li class=\"MsoNormal\"><span>Interest\/Foreign      dividends &#8211; 43.7% (GIC&#8217;s, Term deposits, Stocks from stock markets outside      of Canada)<\/span><span> <\/span><\/li>\n<li class=\"MsoNormal\"><span>Eligible      Dividends &#8211; 19.9% (Stocks from Canadian stock market)<\/span><span> <\/span><\/li>\n<li class=\"MsoNormal\"><span>Ineligible      Dividends &#8211; 32.7%<\/span><span> <\/span><\/li>\n<li class=\"MsoNormal\"><span>Capital      Gains &#8211; 21.9% (Sale      of a investment property, sale from a stock or mutual fund)<\/span><span><\/span><\/li>\n<\/ul>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>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 &#8211; $35,716\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5.06% $35,717 &#8211; $71,433\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7.70% $71,434 &#8211; $82,014\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10.50% $82,015 &#8211; $99,588\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[183],"tags":[195,196,194,788],"class_list":["post-660","post","type-post","status-publish","format-standard","hentry","category-vancouver","tag-bc","tag-finance","tag-tax","tag-vancouver"],"_links":{"self":[{"href":"http:\/\/www.jerslife.com\/word\/wp-json\/wp\/v2\/posts\/660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.jerslife.com\/word\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.jerslife.com\/word\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.jerslife.com\/word\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.jerslife.com\/word\/wp-json\/wp\/v2\/comments?post=660"}],"version-history":[{"count":2,"href":"http:\/\/www.jerslife.com\/word\/wp-json\/wp\/v2\/posts\/660\/revisions"}],"predecessor-version":[{"id":662,"href":"http:\/\/www.jerslife.com\/word\/wp-json\/wp\/v2\/posts\/660\/revisions\/662"}],"wp:attachment":[{"href":"http:\/\/www.jerslife.com\/word\/wp-json\/wp\/v2\/media?parent=660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.jerslife.com\/word\/wp-json\/wp\/v2\/categories?post=660"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.jerslife.com\/word\/wp-json\/wp\/v2\/tags?post=660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}