Basic Income Tax Rate

Prior to 2000, personal income tax rates were expressed as a percentage of basic federal tax determined under the Income Tax Act (Canada). The rates for 1999 and 1998 are listed below:

1999

Basic income tax rate: 49.5% of basic federal tax

1998

Basic income tax rate: 50.5% of basic federal tax

Surtax on high-income taxpayers

In addition to the basic rate, the province charged surtax on high-income taxpayers. The surtax is two-tiered and calculated as follows:

1999

30% of B.C. tax in excess of $5,300
19% of B.C. tax in excess of $8,660

1998

30% of B.C. tax in excess of $5,300
26% of B.C. tax in excess of $8,660