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Table Of Personal
Income Tax Rates
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2008 |
Marginal
Tax Rates Expressed in Percentages
|
| Tax
Bracket |
Regular
Income |
Capital
Gains |
Regular
Dividends |
Eligible
Dividends |
|
0 - $9,189 |
0 |
0 |
0 |
0 |
|
$9,190
- $9,600 |
5.35 |
2.68 |
* |
* |
|
$9,601
- $35,016 |
20.35 |
10.18 |
2.40 |
(15.40) |
|
$35,017
- $37,885 |
23.15 |
11.58 |
5.90 |
(11.34) |
|
$37,886
- $70,033 |
30.15 |
15.08 |
14.65 |
(1.19) |
|
$70,034
- $75,769 |
32.50 |
16.25 |
17.59 |
2.22 |
| $75,770
- $80,406 |
36.50 |
18.25 |
22.59 |
8.02 |
|
$80,407
- $97,636 |
38.29 |
19.15 |
24.82 |
10.61 |
|
$97,637
- $123,184 |
40.70 |
20.35 |
27.84 |
14.12 |
|
$123,185
+ |
43.70 |
21.85 |
31.59 |
18.47 |
|
*
Nominal tax change
-
A taxpayer with no other income may receive dividends up to $37,776 tax
free.
-
Tax
rates exclude deductions for CPP and EI.
-
Tax
rates apply to British Columbia residents.
-
Maximum
CPP for employees - $2,049.30 ($44,900 maximum less $3,500 @
4.95%).
-
Maximum
EI for employees - $711.03
($41,100 maximum insurable @ 1.73%)
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Table Of Corporate
Income Tax Rates
|
2008 |
Table of Corporate Income Tax Rates
|
|
Date |
Federal Small Business Limit |
B.C. Small Business Limit |
Up to Federal Small Business
Limit |
|
Above B.C. Small Business
Limit |
Investment Income |
Investment Income After
RDTOH |
|
Jan. 31 |
$400,000 |
$400,000 |
17.44 |
|
33.90 |
47.57 |
20.92 |
|
Feb. 28 |
$400,000 |
$400,000 |
17.27 |
|
33.19 |
47.36 |
20.69 |
|
Mar. 31 |
$400,000 |
$400,000 |
17.09 |
|
33.47 |
47.14 |
20.47 |
|
Apr. 30 |
$400,000 |
$400,000 |
16.92 |
|
33.25 |
46.92 |
20.25 |
|
May 31 |
$400,000 |
$400,000 |
16.74 |
|
33.03 |
46.70 |
20.03 |
|
June 30 |
$400,000 |
$400,000 |
16.57 |
|
32.82 |
46.49 |
19.82 |
|
July 31 |
$400,000 |
$400,000 |
16.39 |
|
32.60 |
46.27 |
19.60 |
|
Aug. 31 |
$400,000 |
$400,000 |
16.21 |
|
32.37 |
46.04 |
19.37 |
|
Sep.30 |
$400,000 |
$400,000 |
16.03 |
|
32.16 |
45.83 |
19.16 |
|
Oct. 31 |
$400,000 |
$400,000 |
15.85 |
|
31.94 |
45.61 |
18.94 |
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Nov. 30 |
$400,000 |
$400,000 |
15.68 |
|
31.72 |
45.39 |
18.72 |
|
Dec. 31 |
$400,000 |
$400,000 |
15.50 |
|
31.50 |
45.11 |
18.50 |
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The information on these schedules should
not be considered professional advice.
Contact one of
our professional staff for specific advice. |
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