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Tax Rates – 2012
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For the 2012 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, 2011
- various non-refundable tax credits are indexed (see the 2012 Non-Refundable Tax Credit Block )
- the BC CPI used to calculate 2012 amounts was 2.4%
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Personal Income Tax Brackets and Rates - 2012 Tax Year
Taxable Income - 2012 Brackets |
Tax Rate |
$0 to $37,013 |
5.06% |
$37,013.01 to $74,028 |
7.70% |
$74,028.01 to $84,993 |
10.50% |
$84,993.01 to $103,205 |
12.29% |
Over $103,205 |
14.70% |
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Tax rates are applied on a cumulative basis. If your taxable income is more than $37,013 the first $37,013 of taxable income is taxed at 5.06%, the next $37,015 of taxable income is taxed at 7.70%, the next $10,965 is taxed at 10.5%, the next $18,212 of taxable income is taxed at 12.29% and any taxable income over $103,205 is taxed at 14.7%. |
Tax Rates are also available for:
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