Tax Rates

Personal Tax Rates

Combined Federal and Personal Tax Rates for 2021 (British Columbia)

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*Starting at incomes of $151,978 the personal amount tax credit of $13,808 is decreased to $12,421 at incomes of $216,511. The above table does not reflect this reduction in the basic personal amount.

The information presented is only a general nature, may omit many details and special rules is currently only as of its published date, and accordingly cannot be regarded as legal or tax advice. Please contact our office for more information on this subject and how it pertains to your specific tax or financial situation. 

Corporate Taxes 
Corporate Tax Rates For Canadian Controlled Private Corporations
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*** The provincial rate for small business income was reduced from 2.5% to 2% effective April 1, 2017.
**** The 2021 rate reflects the rate that had been substantively enacted as of December 31, 2020

The information presented is only of a general nature, may omit many details and special rules, is current only as of its published date, and accordingly cannot be regarded as legal or tax advice. Please contact our office for more information on this subject and how it pertains to your specific tax or financial situation.

Corporate and Personal Tax Analysis for 2021
Active Income
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* Assumes individual shareholder in top marginal tax bracket.
* * Based on 2021 Rates

The information presented is only of a general nature, may omit many details and special rules, is current only as of its published date, and accordingly cannot be regarded as legal or tax advice. Please contact our office for more information on this subject and how it pertains to your specific tax or financial situation.

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