tax rate in BC

lsac · 2010-07-27T05:09:20+02:00

Discover detailed federal and provincial tax rates in Vancouver, BC, and learn how to calculate net salary for relocation considerations.

lsac Active member

Member since 09 July 2010

lsacActive member27 July 2010 03:09:20

Hi,
I found that there are a federal income tax and a provincial income tax. The rates are as follow:

Federeal Income Tax Rate:
On the first $40,726 of taxable income, + 15%
On the next $40,726 of taxable income (on the portion of taxable income between $40,726 and $81,452), +22%
On the next $44,812 of taxable income (on the portion of taxable income between $81,452 and $126,264), +26%
Taxable income over $126,264. 29%
Source: Canada Revenue Agency. 2009.

Provincial Income Tax:
Basic Personal Amount 0%
On the first $35,716 of taxable income, + 5.06%
On the next $35,717, + 7.7%
On the next $10,581, + 10.05%
On the next $17,574, +12.29%
On the amount over $99,588: 14.7%
Source: British Columbia Government. 2009

I believe they are deducted directly from the monthly salary.
Is there any other deductions to be made on the gross salary?

My husband had interviews with a company based in Surrey (Vancouver) and we want to calculate the net salary in order to know if it's enough for us to live there.

thanks for your help.
Liz