British Columbia Income Tax Calculator 2020 & 2021.

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British Columbia

Income Tax Calculator

Estimate your 2020 & 2021 total income taxes with only a few details about your income

Tax Year
Your Employment Status
Employment Income
Other Income
Capital Gains

Results

Total Income
$ 50,000
Total Tax
$ 11,021.96
Income Tax
$ 7,790.71
EI Premiums
$ 790
CPP ContributionQPP Contribution
$ 2,441.25
After Tax Income
$ 38,978.04
Average Tax Rate
15.58%
Marginal Tax Rate
28.2%
Canada Federal and British Columbia tax brackets 2020
Your taxable income places you in the following tax brackets.
Federal tax bracketFederal tax rates
Less than $13,229 0%
$13,230 to $48,53515%
$48,536 to $97,06920.5%
$97,070 to $150,47326%
$150,474 to $214,36829%
More than $214,369 33%
British Columbia tax bracketBritish Columbia tax rates
Less than $10,949 0%
$10,950 to $41,7255.06%
$41,726 to $83,4517.7%
$83,452 to $95,81210.5%
$95,813 to $116,34412.29%
$116,345 to $157,74814.7%
$157,749 to $220,00016.8%
More than $220,001 20.5%

British Columbia Income Tax Brackets

Tax brackets in British Columbia are indexed to the B.C. Consumer Price Index (BC CPI). Tax brackets will increase by 1.1% for 2021. For 2020, tax brackets increased by 2.5%.

British Columbia Provincial Income Tax Changes 2021

20202021Rate
Less than $10,949Less than $11,0700%
$10,950 to $41,725$11,070 to $42,1845.06%
$41,726 to $83,451$42,185 to $84,3697.70%
$83,452 to $95,812$84,370 to $96,86610.50%
$95,813 to $116,344$96,867 to $117,62312.29%
$116,345 to $157,748$117,624 to $159,48314.70%
$157,749 to $220,000$159,484 to $222,42016.80%
More than $220,000More than $220,42020.50%

B.C. Tax Reduction Credit

The B.C. tax reduction credit gives a non-refundable tax credit of up to $476 in 2020 for individuals with an income below $21,185. This tax credit is reduced by 3.56% for income above $21,185, meaning that the maximum income that is eligible for the tax reduction credit is $34,556.

For example, if your income is $25,000, your tax reduction credit will be $476 minus 3.56% of your income above $21,185, which will reduce your credit by $135.81. This gives you a tax reduction credit of $340.19.

B.C. Tax Reduction Credit Changes

20202021
Maximum Credit$476$481
Maximum Income Eligible for Maximum Credit$21,185$21,418
Maximum Income Eligible for Reduced Credit$34,556$34,929
Credit Reduction Factor3.56% of income above $21,1853.56% of income above $21,418

Source: Government of British Columbia

B.C. Tax Reduction Credits Examples

IncomeCalculationTax Reduction Credit
$21,185$476 - $0$476
$25,000$476 - (($25,000 - $21,185) x 3.56%)$340.19
$30,000$476 - (($30,000 - $21,185) x 3.56%)$162.18
$34,556$476 - (($34,556 - $21,185) x 3.56%)$0

British Columbia Personal Amounts

B.C.'s basic personal amount for 2020 is $10,949, and will increase to $11,070 in 2021.

You will also receive non-refundable tax credits if you have a spouse/common-law partner or an eligible dependent.

British Columbia Personal Amounts 2021

Basic Personal Amount$11,070
Spouse or Common-Law Partner$10,427
Eligible Dependant$10,427

Canada Pension Plan and Employment Insurance

If you work in British Columbia, you will be required to contribute towards both the Canada Pension Plan (CPP) and pay Employment Insurance (EI) premiums.

Prior to January 1, 2020, residents of British Columbia were also required to pay premiums towards the Medical Services Plan (MSP). MSP premiums have been eliminated.

Employers with an annual remuneration greater than $500,000 will still be required to pay the B.C. employer health tax.