|
Provincial Changes
 |
British Columbia |
|
Tax Rates
|
| Provincial Tax Rates in British Columbia |
2010 |
2011 |
| 5.06% Tax applies to income under |
$35,859 |
$36,146 |
| 7.7% Tax applies to income between |
$35,859 and $71,719 |
$36,146 and $72,293 |
| 10.5% Tax applies to income between |
$71,719 and $82,342 |
$72,293 and $83,001 |
| 12.29% Tax applies to income between |
$82,342 and $99,987 |
$83,001 and $100,787 |
| 14.7% Tax applies to income above |
Over $99,987 |
Over $100,787 |
|
British Columbia Non-Refundable Tax Credit
|
| |
2010 |
2011 |
| Basic
Personal Amount |
$11,000 |
$11,088 |
| Spousal / Equivalent-to-Spouse |
$9,653 |
$9,730 |
| Age Amount |
$4,220 |
$4,254 |
| Disability Amount |
$7,058 |
$7,114 |
| Disability Amount Supplement for taxpayers under 18 |
$4,118 |
$4,151 |
| Caregiver Amount |
$4,118 |
$4,151 |
| Infirm Dependant Amount |
$4,118 |
$4,151 |
| Pension Income Amount |
$1,000 |
$1,000 |
| Tuition Credit |
Actual |
Actual |
| Education |
|
|
| Full-time student |
$200/month |
$200/month |
| Part-time student |
$60/month |
$60/month |
Venture capital tax credit
The maximum credit that can be claimed for venture capital is
$60,000 per year. The taxpayers who have purchased shares from a
registered British Columbia Venture Capital Corporation will receive
Form SBVC 10, which shows the date you bought your shares under "Investment
date". If the tax credit is more than $60,000, any excess can be
carried forward for up to four years.
The credit is used to reduce federal and provincial taxes and any
excess is refundable to taxpayer.
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