Source: PwC research, September 5, 2015
On the first $500,000 of business income, British Columbia taxes businesses at just 2.5 per cent. Since 2002, this $500,000 threshold has increased 150 per cent, allowing businesses to pay less tax on a larger amount of income.
Source: KPMG, Competitive Alternatives - Special Report: Focus on Tax, 2014
* R&D tax credits eliminate all income tax liabilities.
British Columbia has the lowest provincial personal income taxes in Canada for people earning up to $122,000.
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