Ernst & Young Updates Tax Calculator : BC

British Columbia announced on October 11 that the dividend tax credit would be increased; E&Y has updated its on-line Tax Calculator to October 12

So lets plug in some numbers for British Columbia:

Investors Taxable Income Marginal Rate on Interest Marginal Rate on Dividends Equivalency Factor
Widows & Orphans $30,000 21.3% 0.00% 1.27
Professionals $75,000 37.70% 10.20% 1.44
Plutocrats $150,000 43.70% 18.47% 1.45

So not only are tax rates lower in BC than in Ontario, they have a more favourable Dividend/Income conversion ratio as well! Huh!

2 Responses to “Ernst & Young Updates Tax Calculator : BC”

  1. […] I’m not sure exactly how I did it, but when I was writing the BC Taxation Update, I wiped out the Ontario one from September 15, that I will now replace. […]

  2. […] The equivalency factors aren’t as good as for BC and Ontario! It almost eases the sting of realizing just how low taxes are out […]

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