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Table Of Personal
Income Tax Rates
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2010 |
Marginal
Tax Rates Expressed in Percentages
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| Tax
Bracket |
Regular
Income |
Capital
Gains |
Regular
Dividends |
Eligible
Dividends |
|
$10,382 - $35,859 |
20.06 |
10.03 |
4.16 |
(12.59) |
|
$35,860 - $40,970 |
22.70 |
11.35 |
7.46 |
(8.79) |
|
$40,971
- $71,719 |
29.70 |
14.85 |
16.21 |
1.29 |
|
$71,720 - $81,941 |
32.50 |
16.25 |
19.71 |
5.32 |
|
$81,942 - $82,342 |
36.50 |
18.25 |
24.71 |
11.08 |
|
$82,343 - $99,987 |
38.29 |
19.15 |
26.95 |
13.66 |
|
$99,988 - $127,021 |
40.70 |
20.35 |
29.96 |
17.13 |
|
$127,022 + |
43.70 |
21.85 |
33.71 |
21.45 |
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*
Nominal tax change
-
The B.C.
personal amount for 2010 is $11,000.
-
The federal
personal amount is $10,382. The tax rate between $10,382 and
$11,000 is 5.06 for regular income, 2.53 for capital gains, and
nil for dividends.
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A taxpayer with no other income may receive dividends up to $34,372 tax
free.
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A taxpayer
with no other income may receive eligible dividends up to
$66,650 tax-free but alternate minimum tax will apply.
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Tax
rates exclude deductions for CPP and EI.
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Tax
rates apply to British Columbia residents.
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Maximum
CPP for employees - $2,163.15
($47,200 maximum less $3,500 @
4.95%).
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Maximum
EI for employees - $743.76
($43,200 maximum insurable @ 1.73%)
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Table Of Corporate
Income Tax Rates
|
2010 |
Table of Corporate Income Tax Rates
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|
Date |
B.C. Small Business Limit |
Tax Rate Up to B.C. Small
Business Limit |
Federal Small Business Limit |
Tax Rate Between B.C. and Federal Small Business
Limit |
Above Feberal Small Business
Limit |
Investment Income |
Investment Income After
RDTOH |
|
Jan. 31 |
$408,493 |
13.50 |
$500,000 |
21.96 |
29.87 |
45.54 |
18.87 |
|
Feb. 28 |
$416,164 |
13.50 |
$500,000 |
21.92 |
29.76 |
45.43 |
18.76 |
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Mar. 31 |
$428,658 |
13.50 |
$500,000 |
21.88 |
29.63 |
45.30 |
18.63 |
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Apr. 30 |
$432,877 |
13.50 |
$500,000 |
21.84 |
29.51 |
45.18 |
18.51 |
|
May 31 |
$441,370 |
13.50 |
$500,000 |
21.79 |
29.38 |
45.05 |
18.38 |
|
June 30 |
$449,589 |
13.50 |
$500,000 |
21.75 |
29.26 |
44.93 |
18.26 |
|
July 31 |
$458,082 |
13.50 |
$500,000 |
21.71 |
29.13 |
44.80 |
18.13 |
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Aug. 31 |
$466,575 |
13.50 |
$500,000 |
21.67 |
29.00 |
44.67 |
18.00 |
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Sep.30 |
$474,795 |
13.50 |
$500,000 |
21.63 |
28.88 |
44.55 |
17.88 |
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Oct. 31 |
$483,288 |
13.50 |
$500,000 |
21.58 |
28.75 |
44.42 |
17.75 |
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Nov. 30 |
$491,507 |
13.50 |
$500,000 |
21.57 |
28.63 |
44.30 |
17.63 |
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Dec. 31 |
$500,000 |
13.50 |
$500,000 |
21.50 |
28.50 |
44.17 |
17.50 |
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Notes:
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The
federal small business limit was increased to $500,000 effective
January 1, 2009.
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The B.C.
small business limit increased to $500,000 effective January 1,
2010.
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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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