COVID-19 Update

BC Tax Information

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.