Menu
Expat.com

tax rate in BC

Post new topic

lsac

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

FeeAcer

Hi Liz, I moved your topic to Vancouver's forum for a better visibility.
Hope you get the infos you look for!

samuelmawi

hi how are you?

samuelmawi

what r u doing now?

Articles to help you in your expat project in Vancouver

  • Taxes in Canada
    Taxes in Canada

    Any person residing in Canada for more than 183 days is deemed to be a Canadian resident for the purposes of the ...

  • Study in Vancouver
    Study in Vancouver

    Vancouver, recognized as one of the best cities to live in globally, holds the position of Canada's ...

  • Accommodation in Vancouver
    Accommodation in Vancouver

    When you arrive in Vancouver, finding suitable housing will likely be one of your top priorities. In this article, ...

  • Working in Vancouver
    Working in Vancouver

    If you're considering moving to Vancouver, finding a job is likely an important step. Here's some helpful ...

  • Healthcare in Quebec
    Healthcare in Quebec

    How does the healthcare system in Quebec operate? Can you avail yourself of its services when needed? Discover the ...

  • Expatriate weddings in Quebec
    Expatriate weddings in Quebec

    Have you discovered your soul mate and want to celebrate your union in Quebec? Here are some tips on how to tie ...

  • Accommodation in Calgary
    Accommodation in Calgary

    Here are some tips to assist you in finding accommodation in Calgary. It's advisable to familiarize yourself ...

All of Vancouver's guide articles