The scope of the increases is wider than the "millionaires' tax" previously advertised by the government. Critics have questioned the decision to begin tax hikes at roughly $190,000 rather than at the $1 million threshold, suggesting the move could be damaging to the province's economy.
Tuesday, October 20, 2026
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BC Broadens Tax to Hit 57.5% Top Marginal Rate
Business16 days ago
A new tax proposal in British Columbia would increase the financial burden for individuals with taxable income exceeding $190,405. Under the plan, the provincial rate for income between $190,405 and $265,545 would rise from 16.8% to 18.8%, while the rate for earnings between $265,545 and $1 million would increase from 20.5% to 22.5%. A new bracket of 24.5% would apply to income above $1 million, resulting in a combined federal and provincial top marginal rate of 57.5%.
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