| British Columbia (BC) | |
| Combined Federal & Provincial tax rates | |
| 2020 Taxable Income | Tax Rate |
| $0 - $10,949 | 0% |
| $10,950 - $12,298 | 5.06% |
| $12,299 - $41,725 | 20.06% |
| $41,726 - $48,535 | 22.70% |
| $48,536 - $83,451 | 28.20% |
| $83,452 - $95,812 | 31.00% |
| $95,813 - $97,069 | 32.79% |
| $97,070 - $116,344 | 38.29% |
| $116,345 - $150,473 | 40.70% |
| $150,474 - $157,748 | 43.70% |
| $157,749 - $214,368 | 45.80% |
| over $214,368 | 49.80% |
* Approximates tax payable given basic federal and provincial personal credits
BC Basic Personal Amount 2020: $10,949
Federal Basic Personal Amount 2020: $12,298
| CPP & OAS | Max | |
| Max CPP annual contribution for 2020 - 5.25%: Max EI annual contribution for 2020 - 1.58%: | $2,898 $856.36 | $58,700 Max Pensionable Earnings $54,200 Max Insurable Earnings |
| Max CPP monthly benefit payment for 2020: Max OAS monthly benefit payment for 2020: | $1,175.83 $613.53 |
For tax rates of other provinces, click here. This is a website from Ernst & Young that has great tax calculators for all provinces.
To calculate the refund you will get from an RSP contribution, check out this nifty RSP tax calculator from Ernst & Young.
