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Tax Rates – 2008
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For the 2008 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, 2007
- various non-refundable tax credits are indexed
(see the 2008 Non-Refundable Tax Credit Block)
- the BC CPI used to calculate 2008 amounts was 1.8%
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Personal Income Tax Brackets and Rates - 2008 Tax Year
Taxable Income - 2008 Brackets |
Tax Rate |
$0 to $35,016 |
5.06% |
$35,016.01 to $70,033 |
7.70% |
$70,033.01 to $80,406 |
10.50% |
$80,406 .01 to $97,636 |
12.29% |
Over $97,636 |
14.70% |
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Tax rates are applied on a cumulative basis. If your taxable income is more than $35,016 the first $35,016 of taxable income is taxed at 5.06%, the next $35,017 of taxable income is taxed at 7.70%, the next $10,373 is taxed at 10.5%, the next $17,230 of taxable income is taxed at 12.29% and any taxable income over $97,636
is taxed at 14.7%. |
Tax Rates are also available for:
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