Provincial Income Tax Rates for 2015

[Glacier]

These graphs show what a family of 5 would pay in provincial income tax. This includes regular income taxes and MSP along with PST and carbon tax credits.

[36Drew]

Are these your own charts, or from a third-party? If the former, it would be nice to see the data that you used (I'd gather an excel spreadsheet). If these are third-party charts, could you quote the source?

[Glacier]

My charts. Google is your friend for the data.

[36Drew]

My charts. Google is your friend for the data.

Google doesn't tell me what rates you used or where you've applied credits. There's a saying in the software industry - "The code is the documentation". It's a misnomer because while one can follow the output, they can't necessarily determine what the input or the intent was without that being codified somewhere. You've produced output with only a very cursory overview of what data points you've taken as input, and haven't provided that data in any way to be scrutinized. For all we know, you've unilaterally applied tax credits that don't apply to those with incomes over various caps. You state that your chart is for a family of five, which might indicate two income earners. However, two income earners each earning $36k/yr will be taxed differently than a single income earner with a salary of $72k/yr. Your graphs don't indicate how you're calculating tax rates, and "Google is my friend" does not apply in this case as you've not published anything for Google to index and share.

[Glacier]

To clarify, calculations were for a family of 5 with one income earner. Basic non-refundable tax credits were only the income earner and the spouse. Other tax credits were carbon tax and PST. Taxes were MSP and income tax.

[bob vernon]

Dougie, I fail to see the point of these charts.

[Gilchy]

BC income taxes:

2015 Taxable Income 2015 Tax Rates

first $37,869 5.06%
over $37,869 up to $75,740 7.70%
over $75,740 up to $86,958 10.50%
over $86,958 up to $105,592 12.29%
over $105,592 up to $151,050 14.70%
over $151,050 16.80%

Combined Federal & Provincial:

2015 Taxable Income 2015 Tax Rates
first $37,869 20.06%
over $37,869 up to $44,701 22.70%
over $44,701 up to $75,740 29.70%
over $75,740 up to $86,958 32.50%
over $86,958 up to $89,401 34.29%
over $89,401 up to $105,592 38.29%
over $105,592 up to $138,586 40.70%
over $138,586 up to $151,050 43.70%
over $151,050 45.80%

[bob61]

Dougie, I fail to see the point of these charts.

The point is that the BC government is misleading the public in claiming that BC has the lowest income taxes in the country. All they have done is break out part of the tax bill and called it MSP premiums. As a regressive tax it has made the lowest tax bracket, especially at the $30k- $32k level amongst the Highest in Canada. The highest brackets (ie: the wealthy), however DO have the best deal.