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submitted 6 days ago by Rat_in_a_hat@lemmy.ca to c/ndp@lemmy.ca
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[-] Rat_in_a_hat@lemmy.ca 21 points 6 days ago

This tax raise?

Emphasis first:

...a taxpayer with $200,000 in taxable income would pay about $192 more a year.

https://businessexaminer.ca/real-estate/item/bc-ndp-proposes-higher-income-tax-above-190-405-to-raise-1-billion-a-year/

The proposal lifts the rates on the two highest existing brackets by two percentage points and adds a new top bracket. Taxable income from $190,405 to $265,545 would be taxed at 18.8 per cent, up from 16.8 per cent.

Income from $265,545 to $1 million would move from 20.5 per cent to 22.5 per cent. Income above $1 million would face 24.5 per cent.

Each rate applies only within its bracket. Everyone keeps the current rates on their first $190,405. Daily Hive calculated that a taxpayer with $200,000 in taxable income would pay about $192 more a year.

this post was submitted on 12 Oct 2026
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