This is income tax calculator for British Columbia province residents for year 2012-2023. Current BC personal tax rates in British Columbia and federal tax rates are listed below and check .
IMPORTANT: This tax calculator is used for income tax estimation. Please use Intuit TurboTax if you want to fill your tax return and get tax rebate for previous year. It is free for simple tax returns or gives you 15% discount for more complicated tax returns.
Here is list of netfile software to file your tax return.
British Columbia provincial income tax rates 2023
In 2023 British Columbia provincial government increased all tax brackets, tax rates and base amount by 6%. Base amount is $11,981.
| Taxable income | Rate |
|---|---|
| from $0 to $45,654 | 5.06% |
| from $45,655 to $91,310 | 7.70% |
| from $91,311 to $104,835 | 10.50% |
| from $104,836 to $127,299 | 12.29% |
| from $127,300 to $172,602 | 14.70% |
| from $172,603 to $240,716 | 16.80% |
| over $240,716 | 20.50% |
Federal income tax rates in Canada for 2023
In 2023 Canadian federal income tax brackets and base amount were increased by 6.3%.
Federal personal base amount is $15,000.
| Taxable income | Rate |
|---|---|
| 0 – $53,359 | 15.00% |
| $53,359 – $106,717 | $5,753.85 + 20.50% for income over $53,359 |
| $106,717 – $165,430 | $16,692.24 + 26.00% for income over $106,717 |
| $165,430 – $235,675 | $31,957.62 + 29.00% for income over $165,430 |
| over $235,675 | $52,328.67 + 33.00% for income of $235,675 and over |
Historical British Columbia tax brackets are listed here and historical federal tax brackets and rates can be found here.