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Tax Rates – 2005
For the 2005 tax year:
- tax brackets are indexed
- indexing of credits and tax brackets is based on the Consumer Price Index
for British Columbia (BC CPI) for the 12-month period ended on
September 30, 2004
- various non-refundable tax credits are indexed
(see the 2005 Non-Refundable Tax Credit Block)
- the BC CPI used to calculate 2005 amounts was 1.8%
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Personal Income Tax Brackets and Rates - 2005 Tax Year
Taxable Income |
Tax Rate |
$0 to $33,061 |
6.05% |
$33,061.01 to $66,123 |
9.15% |
$66,123.01 to $75,917 |
11.7% |
$75,917.01 to $92,185 |
13.7% |
Over $92,185 |
14.7% |
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Tax rates are applied on a cumulative basis. If your taxable income is more than $33,061 the first $33,061 of taxable income is taxed at 6.05%, the next $33,062
of taxable income is taxed at 9.15%, the next $9,794 is taxed at 11.7%, the next $16,268 of taxable income is taxed at 13.7% and any taxable income over $92,185 is taxed at 14.7% . |
Tax Rates are also available for:
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