What are the income tax rates in Canada BC(2012)

Federal tax rates for 2012

• 15% on the first $42,707 of taxable income, +
• 22% on the next $42,707 of taxable income (on the portion of taxable income over $42,707 up to $85,414), +
• 26% on the next $46,992 of taxable income (on the portion of taxable income over $85,414 up to $132,406), +
• 29% of taxable income over $132,406.

British Columbia
5.06% on the first $37,013 of taxable income, +
7.7% on the next $37,015, +
10.5% on the next $10,965, +
12.29% on the next $18,212, +
14.7% on the amount over $103,205