January 29, 2018

Marginal Tax Rates for 2018 (BC)

Taxable

Income

Fed. Tax

Rate %

Prov. Tax

 Rate%

Total Tax

(%)

Taxes Paid

(%)

Capital Gains

(%)

Eligible Dividend

(actual not grossed)

Non-Eligible

Div. (%)

0-39,676 15 5.06 20.06 7,959 10.03 -6.84 9.23
39,676-46,605 15 7.70 22.70 9,532 11.35 -3.20 12.30

46,605-79,353

20.5 7.70 28.20 18,766 14.10 4.39 18.68
79,353-91,107 20.5 10.50 31.00 22,410 15.50 8.25 21.93
91,107-93,208 20.5 12.29 32.79 23,098 16.40 10.72 24.00
93,208-110,630 26 12.29 38.29 29,768 19.15 18.31 30.38
110,630-144,489 26 14.70 40.70 43,548 20.35 21.64 33.18
144,489-150,000 29 14.70 43.70 45,956 21.85 25.78 36.66
150,000-205,482 29 16.80 45.80 71,366 22.90 28.68 39.09
Over 205,482 33 16.80 49.80   24.90 34.20 43.73

 

Tax Credits

Personal Tax Credit             

  • Federal            11,809 x 15% =  1,771
  • Provincial         10,412 x 5.06% =  526

Spousal     

  • Federal            11,809 x 15% =  1,771
  • Provincial           8,915  x 5.06% = 434

Age 65+ (less than 36,976)

  • Federal               7,333 x 15% =  1,068
  • Provincial            4,669 x 5.06% =  228

OAS Clawback          Starts at 75,910

 

Other Items

CPP & OAS Rates

  • Max CPP       $1,134.17/mo.
  • Max OAS       $  586.66/mo.

RRSP Contrib. Limits

  • $26,230