Combined personal tax rates for 2019

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Dave Sran, BBA Hons, CPA, CGA

Tax Question:

What are the combined personal tax rates for 2019 – Federal and British Columbia?

Facts:

Tax rates change every year and there are several types of income that are taxed differently. See below for updated tax rate charts (with estimates) for 2019.

Discussion:

Taxable Income Zone Basic Tax Basic Rate in Zone Other Dividends (estimated %) Eligible Dividends (estimated %) Capital Gains
$0 to $18,715 $- 0.00% 0.00% 0.00% 0.00%
$18,716 to $40,707 $- 20.06% 10.43% 0.00% 10.03%
$40,708 to $47,630 $5,119 22.70% 13.47% 0.00% 11.35%
$47,631 to $81,416 $6,595 28.20% 19.80% 1.63% 14.10%
$81,417 to $93,476 $16,001 31.00% 23.02% 5.49% 15.50%
$93,477 to $95,259 $19,737 32.79% 25.07% 7.96% 16.40%
$95,260 to $113,506 $20,321 38.29% 31.40% 15.55% 19.15%
$113,507 to $147,667 $27,302 40.70% 34.17% 18.88% 20.35%
$147,668 to $153,900 $41,203 43.70% 37.62% 23.02% 21.85%
$153,901 to $210,371 $43,925 45.80% 40.04% 25.92% 22.90%
$210,372 and up $69,788 49.80% 44.64% 31.44% 24.90%

Dave Sran, BBA (Hons), CPA, CGA, Manager

Staff Accountant, Gilmour Knotts Chartered Accountant.
Email: 
faqs@gilmour.ca

Email: faqs@gilmour.ca
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