2020 BC Tax Rates

Corporate

Active business income < $500k11.0

Active business income > $500k26.0

Dividend income                       38.3

Interest and rental income        49.7

Personal services income          44.0



Individual Marginal Rates

                       first       $38,898       $45,916     $77,797     $89,320      $91,831     $108,461       $142,353
         $38,898  - $45,916    - $77,797   - $89,320   - $91,831   - $108,461  - $142,353     - $202,800*


     Salary and          20.06 22.70 28.2031.0032.79        38.29          40.70        43.70
interest

     Dividend     8.27  11.36 17.7921.07          23.16       29.60         32.42        35.93

     Capital gains      10.03  11.35           14.1015.50           16.40       19.15         20.35         23.85


   * The tax rate on income higher than $202,800 is approx 4% higher than this bracket












Thurgood Holmes CPA's