Resources

As a service for our clients and others visiting our site, we have put together a variety of valuable links and other information for you to use on this Resources page. If there is other information that would be valuable to you, reach out to us and let us know. We will add new resources as we become aware of them.

Tax Rates

2016 Tax Checklist

Personal Tax Rates (Federal and BC Combined)

2015

Taxable Income Salary & Interest (%) Ineligible Dividends Eligible Dividends (2) Capital Gains
 0  to  37,869  20.06  7.61  -6.84 (1)  10.03
 37,869  to  44,701  22.70 10.73 -3.20 (1)  11.35
 44,701  to  75,740  29.70  18.99  6.46  14.85
75,740  to  86,958  32.50  22.29  10.32  16.25
 86,958  to  89,401  34.29  24.40  12.79  17.15
 89,401  to  105,592  38.29  29.12  18.31  19.15
 105,592  to  138,586  40.70  31.97  21.64  20.35
 138,586  to  151,050  43.70  35.51  25.78  21.85
 Over  151,050  45.80  37.98  28.68  22.90

2014

Taxable Income Salary & Interest (%) Ineligible Dividends Eligible Dividends (2) Capital Gains
 0  to 37,606  20.06  7.61  -6.84 (1)  10.03
 37,606  to 43,953  22.70  10.73  -3.20 (1)  11.35
 43,953  to 75,213  29.70  18.99  6.46  14.85
 75,213  to 86,354  32.50  22.29  10.32  16.25
 86,354  to 87,907  34.29  24.40  12.79  17.15
 87,907  to 104,858  38.29  29.12  18.31  19.15
 104,858  to 136,270  40.70  31.97  21.64  20.35
 Over 136,270  43.70  35.51  25.78  21.85

Notes:
(1) Negative amounts can only be used to offset other income taxes payable (it is assumed that the taxpayer has other income)
(2) The calculations do not take alternative minimum tax into consideration


Corporate Tax Rates

Rates and limits are based on the calendar year, Rates are prorated for taxation years that straddle effective dates.

Federal 2015 (1) 2014 2013
General Rate 15.00 15.00 15.00
Investment Income 34.67 34.67 34.67
Personal Services Business Income 28.00 28.00 28.00
Small Business 11.00 11.00 11.00
Small Business Limit $500,000 $500,000 $500,000
BC 2015 (1) 2014 2013
General Rate (2) 11.00 10.75 10.00
Small Business 2.50 2.50 2.50
Small Business Limit $500,000 $500,000 $500,000
Combined Federal and BC 2015 (1) 2014 2013
General Rate 26.00 26.00 25.75
Investment Income 45.67 45.67 45.42
Personal Services Business Income 39.00 39.00 38.75
Small Business 13.50 13.50 13.50

Notes:
(1) 2015  rates are calculated based on information available at August 31, 2014.
(2) The BC general corporate tax rate increased to 11% from 10%, effective April 1, 2013.