BC tax rates & tax brackets for the years 2023 & 2024
| TaxTips.ca – Combined Federal & BC Tax Brackets and Tax Rates | |||||||||
| 2024 Taxable Income (1) | BC 2024 Marginal Tax Rates | 2023 Taxable Income (1) | BC 2023 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $47,937 | 20.06% | 10.03% | -9.60% | 10.43% | first $45,654 | 20.06% | 10.03% | -9.60% | 10.43% |
| over $47,937 up to $55,867 | 22.70% | 11.35% | -5.96% | 13.47% | over $45,654 up to $53,359 | 22.70% | 11.35% | -5.96% | 13.47% |
| over $55,867 up to $95,875 | 28.20% | 14.10% | 1.63% | 19.80% | over $53,359 up to $91,310 | 28.20% | 14.10% | 1.63% | 19.80% |
| over $95,875 up to $110,076 | 31.00% | 15.50% | 5.49% | 23.02% | over $91,310 up to $104,835 | 31.00% | 15.50% | 5.49% | 23.02% |
| over $110,076 up to $111,733 | 32.79% | 16.40% | 7.96% | 25.07% | over $104,835 up to $106,717 | 32.79% | 16.40% | 7.96% | 25.07% |
| over $111,733 up to $133,664 | 38.29% | 19.15% | 15.55% | 31.40% | over $106,717 up to $127,299 | 38.29% | 19.15% | 15.55% | 31.40% |
| over $133,664 up to $173,205 | 40.70% | 20.35% | 18.88% | 34.17% | over $127,299 up to $165,430 | 40.70% | 20.35% | 18.88% | 34.17% |
| over $173,205 up to $181,232 | 44.02% | 22.01% | 23.46% | 37.99% | over $165,430 up to $172,602 | 44.02% | 22.01% | 23.46% | 37.99% |
| over $181,232 up to $246,752 | 46.12% | 23.06% | 26.36% | 40.41% | over $172,602 up to $235,675 | 46.12% | 23.06% | 26.36% | 40.41% |
| over $246,752 up to $252,752 | 49.80% | 24.90% | 31.44% | 44.64% | over $235,675 up to $240,716 | 49.80% | 24.90% | 31.44% | 44.64% |
| over $252,752 | 53.50% | 26.75% | 36.54% | 48.89% | over $240,716 | 53.50% | 26.75% | 36.54% | 48.89% |
| Marginal tax rate for dividends is a % of actual dividends received (not grossed-up taxable amount). Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains). Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%. For more information see BC dividend tax credits. Copyright © 2002-2023 Boat Harbour Investments Ltd. |
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Ontario tax rates & tax brackets for the years 2023 & 2024
| TaxTips.ca – Combined Federal & Ontario Tax Brackets and Tax Rates Including Surtaxes | |||||||||
| 2024 Taxable Income (1) | ON 2024 Marginal Tax Rates | 2023 Taxable Income (1) | ON 2023 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $51,446 | 20.05% | 10.03% | -6.86% | 9.24% | first $49,231 | 20.05% | 10.03% | -6.86% | 9.24% |
| over $51,446 up to $55,867 | 24.15% | 12.08% | -1.20% | 13.95% | over $49,231 up to $53,359 | 24.15% | 12.08% | -1.20% | 13.95% |
| over $55,867 up to $90,599 | 29.65% | 14.83% | 6.39% | 20.28% | over $53,359 up to $86,698 | 29.65% | 14.83% | 6.39% | 20.28% |
| over $90,599 up to $102,894 | 31.48% | 15.74% | 8.92% | 22.38% | over $86,698 up to $98,463 | 31.48% | 15.74% | 8.92% | 22.38% |
| over $102,894 up to $106,732 | 33.89% | 16.95% | 12.24% | 25.16% | over $98,463 up to $102,135 | 33.89% | 16.95% | 12.24% | 25.16% |
| over $106,732 up to $111,733 | 37.91% | 18.95% | 17.79% | 29.78% | over $102,135 up to $106,717 | 37.91% | 18.95% | 17.79% | 29.78% |
| over $111,733 up to $150,000 | 43.41% | 21.70% | 25.38% | 36.10% | over $106,717 up to $150,000 | 43.41% | 21.70% | 25.38% | 36.10% |
| over $150,000 up to $173,205 | 44.97% | 22.48% | 27.53% | 37.90% | over $150,000 up to $165,430 | 44.97% | 22.48% | 27.53% | 37.90% |
| over $173,205 up to $220,000 | 48.29% | 24.14% | 32.11% | 41.72% | over $165,430 up to $220,000 | 48.29% | 24.14% | 32.11% | 41.72% |
| over $220,000 up to $246,752 | 49.85% | 24.92% | 34.26% | 43.51% | over $220,000 up to $235,675 | 49.85% | 24.92% | 34.26% | 43.51% |
| over $246,752 | 53.53% | 26.76% | 39.34% | 47.74% | over $235,675 | 53.53% | 26.76% | 39.34% | 47.74% |
| Marginal tax rate for dividends is a % of actual dividends received (not grossed-up taxable amount). Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains). Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%. The surtax is calculated before deducting dividend tax credits. For more information see Ontario dividend tax credits. Marginal tax rates do not include the Ontario Health Premium, which increases the above marginal tax rates by up to 25%. Copyright © 2002-2023 Boat Harbour Investments Ltd. |
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