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 helpful:
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 2024
(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 Made Easy
Download our Personal Income
Tax Return Checklist
Useful Links:
Chartered Professional Accountants Association of BC
Corporate and personal tax information
Ministry of Small Business & Revenue
Consumer taxes information
Services for seniors, families, youth and employers
Key rate indicators
Workers compensation information