Last updated: November 03 2010
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The Provincial Tax rates for the lowest two income tax bracketsófocusing on incomes under $72,000 will drop for tax year 2011, making BC one of the most tax competitive jurisdictions in Canada. Together with low marginal rates of taxes on dividends and corporate taxes, BC is emerging as a mini tax haven.
BC Personal Income Tax Rates 2011 Tax Year
Tax bracket |
Current rate |
New rate |
$0 to $36,146 |
5.06 % |
4.30 % |
$36,146 to $72,293 |
7.70 % |
6.525 % |
$72,293 to $83,001 |
10.50 % |
10.50 % |
$83,001 to $100,787 |
12.29 % |
12.29 % |
Over $100,788 |
14.70 % |
14.70 % |