Low Tax Rates
Corporate Income Tax
British Columbia’s general corporate income tax rate is 11 per cent, among the lowest in Canada. Our combined federal-provincial rate is 26 per cent, among the lowest in G7 countries.
Combined federal-provincial corporate income tax rates – 2016
Source: PwC research, January 2016
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 allowed businesses to pay less tax on a larger amount of income.
Tax Credits and Exemptions
Personal Income Tax