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British Columbia income tax calculator 2024

Get a quick, free estimate of your 2024 income tax refund or taxes owed using our income tax calculator. Plus, explore Canadian and provincial income tax FAQ and resources from TurboTax.

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2024 British Columbia provincial and federal income tax brackets

Here are the tax brackets for British Columbia and Canada based on your taxable income.

Federal tax bracket Federal tax rates
$55,867 or less 15.00%
$55,868 to $111,733 20.50%
$111,734 to $173,205 26.00%
$173,206 to $246,752 29.00%
more than $246,752 33.00%
British Columbia tax bracket British Columbia tax rates
$47,937 or less 5.06%
$47,938 to $95,875 7.70%
$95,876 to $110,076 10.50%
$110,077 to $133,664 12.29%
$133,665 to $181,232 14.70%
$181,233 to $252,752 16.80%
more than $252,752 20.50%

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Canadian tax basics

Whether you’re a first-time filer or need a refresher, use these videos to learn more about filing your Canadian income tax return.

Tax Basics: How Taxes Work in Canada

So how exactly do taxes work in Canada? This video explores the Canadian tax system and covers everything from what a tax bracket...

Frequently asked questions


Anytime you invest your money into something that increases in value, such as stocks, mutual funds, exchange-traded funds (ETFs), or real estate, that increase is considered a capital gain.

Your capital gains will only be realized and taxable when you cash in your investment. Only 50% of your realized capital gains are taxed at a marginal rate based on your province of residence.

In British Columbia, your capital gains are taxed according to the combined marginal capital gains tax rates below:

2024 taxable income BC marginal capital gains tax rate
first $47,937 5.06%
over $47,937 up to $95,875 7.70%
over $95,875 up to $110,076 10.50%
over $110,076 up to $133,664 12.29%
over $133,664 up to $181,232 14.70%
over $181,232 up to $252,752, plus 16.80%
more than over $252,752 20.50%

The tax rates in British Columbia range from 5.06% to 20.5% of income and the combined federal and provincial tax rate is between 20.06% and 53.5%.

British Columbia's marginal tax rate increases as your income increases so you pay higher taxes on the level of income that falls into a higher tax bracket.

Learn more about British Columbia’s marginal tax rates


British Columbia residents receive a tax credit called the BC climate action tax credit (BCCATC) when they file their income tax returns to help off-set the federal carbon tax (i.e. fuel charge) that’s added directly to the cost of gas.

Your BCCATC amount depends on the size of your family and your adjusted family net income.

Learn more about the BC climate action tax credit


The amount of tax your employer deducts from your paycheque varies based on where you fall inside the federal and British Columbia tax brackets.

Federal income tax rates in 2024 range from 15% to 33%. British Columbia income tax rates in 2024 range from 5.06% to 20.5%.

The amount of income tax that was deducted from your paycheque appears in Box 22 of your T4 slip.

Learn more about income tax withholding


The deadline to file your 2024 income tax return in 2025 is midnight on April 30. If you're self-employed, your tax return is due on June 16, 2025, since June 15 falls on a Sunday.

Learn more about tax deadlines


The CRA's goal is to send the notice of assessment, as well as any refund, within 2-3 weeks if filed via NETFILE.
For mailed or paper returns, refunds are issued in 8 weeks following receipt of the return by the CRA or the Revenu Quebec.
*These timelines apply only to returns that are received on or before the due date.

Learn more about tax refunds


If you have to pay income taxes to the CRA, you can do so online through the CRA’s My Payment online portal. Pay by setting up a pre-authorized debit agreement using CRA My Account or through a third-party service provider with credit card, e-transfer, or PayPal.

Learn more about paying your taxes online


If you're a resident of Canada for any part of the year and are earning income, whether that's employment, self-employment, investment or other income, you're subject to Canadian income tax. There are no exemptions for age or occupation.

Learn more about who’s required to file an income tax return


The CRA requires that you retain your records for a minimum of 6 years, by law.
If you file an income tax return late, you must keep your records for six years from the date you file that return.

You can ask to amend your tax return for up to the previous 10 years, so it's a good idea to maintain your records for that long.


Learn more about maintaining your income tax records

Income tax tips from the TurboTax Hub

Ever wonder what those lines on your tax return mean? These tips will help you understand what to include when you file.

Free tax checklist

Get organized for tax season with everything you need to file your taxes with ease.

Canada Tax Checklist

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