Showing all 14 facts
| Fact | Value | As of | Source |
|---|---|---|---|
| B.C. provincial income tax brackets and rates, 2026 tax year | 5.60% to $50,363; 7.70%; 10.50%; 12.29%; 14.70%; 16.80%; 20.50% over $265,545 | 2026-01-01 | Province of British Columbia, Personal income tax rates ✓ 2026-09-09 |
| B.C. renter's tax credit, maximum | 400 CAD per year | 2026-01-01 | Province of British Columbia, B.C. renter's tax credit ✓ 2026-09-09 |
| B.C. sales tax credit, maximum | 75 for you, plus 75 for a spouse or partner | 2026-09-07 | Province of British Columbia, Sales tax credit ✓ 2026-09-09 |
| B.C. tax reduction credit, maximum for 2026 | 690, up from 575 | 2026-01-01 | Province of British Columbia, B.C. basic personal income tax credits ✓ 2026-09-09 |
| Extra B.C. family benefit for low-income single parents | Up to $500 a year per family | 2026-07-01 | Province of British Columbia, B.C. family benefit ✓ 2026-09-09 |
| How the B.C. family benefit shrinks as income rises | Cut by 4% of income over $30,176, up to $96,562 | 2026-07-01 | Province of British Columbia, B.C. family benefit ✓ 2026-09-09 |
| Income limits for the B.C. renter's tax credit, 2026 tax year | Full below $66,189; nothing above $86,189 | 2026-01-01 | Province of British Columbia, B.C. renter's tax credit ✓ 2026-09-09 |
| Income under which you get the full B.C. family benefit, July 2026 to June 2027 | 2025 family net income under $30,176 | 2026-07-01 | Province of British Columbia, B.C. family benefit ✓ 2026-09-09 |
| Income where the B.C. sales tax credit starts shrinking | 2% of net income over $15,000 single, $18,000 with a partner | 2026-09-07 | Province of British Columbia, Sales tax credit ✓ 2026-09-09 |
| Income where the B.C. tax reduction credit starts shrinking, 2026 | Net income over $25,570; reduced by 3.56% | 2026-01-01 | Province of British Columbia, B.C. basic personal income tax credits ✓ 2026-09-09 |
| The B.C. climate action tax credit has ended | Cancelled; last payment April 2025 | 2025-04-01 | Province of British Columbia, Climate action tax credit ✓ 2026-09-09 |
| The renter's credit does not depend on how much rent you paid | Amount is set by your income, not your rent | 2026-01-01 | Province of British Columbia, B.C. renter's tax credit ✓ 2026-09-09 |
| B.C. no longer charges MSP health premiums | Eliminated January 1, 2020 | 2020-01-01 | Province of British Columbia, MSP Premium Elimination Jan. 1, 2020 ✓ 2026-09-09 |
| B.C.'s consumer carbon tax is gone | Rate set to $0 on April 1, 2025 | 2025-04-01 | Province of British Columbia, Carbon tax elimination ✓ 2026-09-09 |
iamonmybreak publishes general information for working people. It is not legal, tax, or financial advice, and it is not a substitute for advice about your own situation. Rules differ by province and country and change over time; the date at the top of this piece is when we last checked. For your specific case, especially anything involving money you are owed, contact a free community legal clinic or your provincial or territorial labour standards office.