Combined Federal & Provincial tax rates*
2022 Taxable Income Tax Rate
| $0 – $14,398 | 0% | $14,399 – $21,362 | 15.00% | $21,363 – $35,660¹ | 23.62% | $35,661- $43,070 | 20.06% | $43,071- $50,197 | 22.70% | $50,198- $86,141 | 28.20% | $86,142 – $98,901 | 31.00% | $98,902 – $100,392 | 32.79% | $100,393 – $120,094 | 38.29% | $120,095 – $155,625 | 40.07% | $155,626 – $162,832² | 44.08% | $162,833 – $221,708² | 46.18% | $221,709 – $227,091 | 49.80% | $227,092 | and up 53.50% |
* Approximates tax payable given basic federal and provincial personal credits
¹ Individuals resident in British Columbia on December 31, 2022 with taxable income up to $21,362
generally pay no provincial income tax as a result of a low-income tax reduction. The low-income tax
reduction is clawed back on income in excess of $21,362 until the reduction is eliminated, resulting in an additional 3.56% of provincial tax on income between $21,363 and $35,660.
² The federal basic personal amount comprises two elements: the base amount ($12,719 for 2022) and
an additional amount ($1,679 for 2022). The additional amount is reduced for individuals with net
income in excess of $155,625 and is fully eliminated for individuals with net income in excess of
$221,708. Consequently, the additional amount is clawed back on net income in excess of $155,625 until the additional tax credit of $252 is eliminated; this results in additional federal income
tax (e.g., 0.38% on ordinary income) on net income between $155,626 and $221,708.
