BC Income Tax Rates 2026 | British Columbia Tax Brackets
Updated
British Columbia’s seven-bracket tax system is one of the most progressive in Canada, taxing the first $47,937 of income at just 5.06% and topping out at 20.50% on income above $252,752. Combined with federal rates, a BC resident earning $100,000 pays roughly $24,000 in income tax before credits — competitive with Ontario and meaningfully lower than Quebec. BC also offers the Climate Action Tax Credit (quarterly cash payments to offset carbon taxes) and no provincial health premiums, making the effective tax burden more favourable than headline rates suggest.
BC residents benefit from a relatively moderate tax environment: competitive income tax rates, no health premium, no PST on groceries or children’s clothing, and quarterly Climate Action Tax Credits. The high top rate of 53.50% makes RRSP contributions especially valuable for high earners, and BC’s first-time home buyer property transfer tax exemption can save up to $8,000 on purchases under $500,000. Use our salary calculator to see your exact take-home pay, and compare BC’s overall burden to other provinces if you’re considering a move.
BC property transfer tax (PTT)
Beyond income tax, BC residents buying property face the Property Transfer Tax:
Purchase price
PTT rate
First $200,000
1%
$200,001–$2,000,000
2%
$2,000,001–$3,000,000
3%
Over $3,000,000
5%
First-time buyer exemption: full exemption for purchases under $835,000 (partial for $835,001–$860,000) for Canadian citizens or permanent residents who have never owned a home anywhere. This can save up to $13,700.