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T1 PERSONAL INCOME TAX RATE 2017

2017 Federal Personal Income Tax Brackets and Tax Rates
2017 Taxable Income Other Income Capital Gains Canadian Dividends
Eligible Non-Eligible
first $45,916 15.00% 7.50% -0.03% 5.24%
$45,916 – $91,831 20.50% 10.25% 7.56% 11.67%
$91,831 – $142,353 26.00% 13.00% 15.15% 18.11%
$142,353 – $202,800 29.00% 14.50% 19.29% 21.62%
over $202,800 33.00% 16.50% 24.81% 26.30%
2017 Combined Federal and British Columbia Tax Brackets and Tax Rates
2017 Taxable Income Other Income Capital Gains Canadian Dividends
Eligible Non-Eligible
first $38,898 20.06% 10.03% -6.84% 8.61%
$38,898 – $45,916 22.70% 11.35% -3.20% 11.70%
$45,916 – $77,797 28.20% 14.10% 4.39% 18.13%
$77,797 – $89,320 31.00% 15.50% 8.25% 21.41%
$89,320 – $91,831 32.79% 16.40% 10.72% 23.50%
$91,831 – $108,460 38.29% 19.15% 18.31% 29.94%
$108,460 – $142,353 40.70% 20.35% 21.64% 32.76%
$142,353 – $202,800 43.70% 21.85% 25.78% 36.27%
over $202,800 47.70% 23.85% 31.30% 40.95%
  • Other income includes income from employment, self-employment, interest from Canadian or foreign sources, foreign dividend income, etc.
  • Marginal tax rate for dividends is a % of actual dividends received (not grossed-up 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 17%.
  • The negative marginal tax rates for eligible dividends for lower tax brackets are the rates that would apply to the next dollar of actual dividend income received. The dividend tax credit is not refundable.
  • Reference: http://www.taxtips.ca
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T1 Personal Income Tax Rate 2016

2016 Federal Personal Income Tax Brackets and Tax Rates
2016 Taxable Income Other Income Capital Gains Canadian Dividends
Eligible Non-Eligible
first $45,282 15.00% 7.50% -0.03% 5.24%
$45,282 – $90,563 20.50% 10.25% 7.56% 11.67%
$90,563 – $140,388 26.00% 13.00% 15.15% 18.11%
$140,388 – $200,000 29.00% 14.50% 19.29% 21.62%
over $200,000 33.00% 16.50% 24.81% 26.30%
2016 Combined Federal and British Columbia Tax Brackets and Tax Rates
2016 Taxable Income Other Income Capital Gains Canadian Dividends
Eligible Non-Eligible
first $38,210 20.06% 10.03% -6.84% 8.27%
$38,210 – $45,282 22.70% 11.35% -3.20% 11.36%
$45,282 – $76,421 28.20% 14.10% 4.39% 17.79%
$76,421 – $87,741 31.00% 15.50% 8.25% 21.07%
$87,741 – $90,563 32.79% 16.40% 10.72% 23.16%
$90,563 – $106,543 38.29% 19.15% 18.31% 29.60%
$106,543 – $140,388 40.70% 20.35% 21.64% 32.42%
$140,388 – $200,000 43.70% 21.85% 25.78% 35.93%
over $200,000 47.70% 23.85% 31.30% 40.61%
  • Other income includes income from employment, self-employment, interest from Canadian or foreign sources, foreign dividend income, etc.
  • Marginal tax rate for dividends is a % of actual dividends received (not grossed-up 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 17%.
  • The negative marginal tax rates for eligible dividends for lower tax brackets are the rates that would apply to the next dollar of actual dividend income received. The dividend tax credit is not refundable.
  • Reference: http://www.taxtips.ca
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MSP Monthly Premium Rates 2017

Effective Jan. 1, 2017

  • There are no premiums for children under the age of 19.
  • MSP premium rates will be determined by the number of adults on an MSP account (the MSP account holder and, if applicable, a spouse.)

Adjusted Net Income

One Adult

Two Adults
in a Family

$0 – $24,000

$0.00

$0.00

$24,001 – $26,000

$11.00

$22.00

$26,001 – $28,000

$23.00

$46.00

$28,001 – $30,000

$35.00

$70.00

$30,001 – $34,000

$46.00

$92.00

$34,001 – $38,000

$56.00

$112.00

$38,001 – $42,000

$65.00

$130.00

Over $42,000

$75.00

$150.00

When determining premium rates, B.C. residents may claim allowable MSP deductions to their net income to determine their adjusted net income. Individuals may claim $3,000 for every person on their MSP account that is age 65 or older this year, and $3,000 for each minor or dependent post-secondary student on their account. In addition, if you claimed a disability on your tax return for yourself, your spouse or your minor or dependent post-secondary student included on your MSP account, you may claim $3,000 for each disabled person. To determine if you qualify for deductions, please refer to the Application for Regular Premium Assistance Form for more information. 

Please visit gov.bc.ca for the most updated information about MSP.