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Tax preparation

Financial Resources for Victoria

Chan Choi & Company has compiled a series of tax rate tables for clients who want to stay up-to-date on changing tax requirements in British Columbia. We've also included a list of links to websites containing useful financial information for individuals and businesses.

 

The following are various tax rates and information that you may find useful:

 

Combined Corporate Federal and BC Income Tax Rates

Combined Federal and BC Top Marginal Rates for Individuals

Combined Federal and BC Income Tax for Individuals for 2023

 

(Employment Income with only basic personal tax credit, Canada Employment Amount, CPP and EI claimed)

*Taxes will vary depending on the type of income and additional deductions or credits that are claimed.


Contribution Limits for RRSPs and TFSAs

(Please refer to your Notice of Assessment for accumulated RRSP limits)



Automobile Deduction Limit and Benefit Rates for Provinces

CPP/EI Rates

Note: New for 2024, 2 levels of CPP earnings ceiling

Prescribed Interest Rates

*Since July 1, 2010 – there is a 2% difference in interest rates on refunds between individuals and corporations. Individuals receive the higher rate.

Tax Preparation

Tax Preparation Made Easy

Download our Personal Income 
Tax Return Checklist

Useful Links:

Chartered Professional Accountants Association of BC


Canada Revenue Agency

Corporate and personal tax information


Ministry of Small Business & Revenue

Consumer taxes information


Service Canada

Services for seniors, families, youth and employers


Bank of Canada

Key rate indicators


WorkSafeBC

Workers compensation information

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