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Marginal Personal Tax Rates for 2008 (British Columbia)
| Income |
Salary/Interest |
Capital Gains |
Regular Dividends |
Eligible Dividends |
| $0 to $35,016 |
20.35% |
10.18% |
2.40% |
0.00% |
| $35,017 to $37,885 |
23.15% |
11.58% |
5.90% |
0.00% |
| $37,886 to $70,033 |
30.15% |
15.08% |
14.65% |
0.00% |
| $70,034 to $75,769 |
32.50% |
16.25% |
17.58% |
2.22% |
| $75,770 to $80,406 |
36.50% |
18.25% |
22.58% |
8.02% |
| $80,407 to $97,636 |
38.29% |
19.15% |
24.82% |
10.62% |
| $97,637 to $123,184 |
40.70% |
20.35% |
27.83% |
14.11% |
| Over $123,184 |
43.70% |
21.85% |
31.58% |
18.46% |
Notes:
Beginning with the 2005 tax year, individuals with income of $16,000 or less will get a provincial non-refundable tax credit of $360.
The credit will be reduced by 3.6% of income over $16,000, being reduced to zero at income of $26,000.
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