Ministry of Finance and Corporate Relations
Honourable Paul Ramsey, Minister
This electronic version is for informational purposes only.
The printed version remains the official version.
Ministry of Finance and Corporate Relations Honourable Paul Ramsey, Minister |
This electronic version is for informational purposes only. The printed version remains the official version. |
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Report C: REVENUE MEASURES
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C5 BC PERSONAL INCOME TAX REDUCTIONS — 2000 AND 2001 TAX YEARS — SINGLE INCOME FAMILY |
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| Total Income |
BC Tax Before Budget Measures |
Tax Year 2000 Cuts | Tax Year 2001 Cuts | BC Tax After Budget Measures |
Per cent Reduction in BC Tax |
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| $15,000 | $69 | ($51) | ($69) | $0 | -100.0% |
| $25,000 | $773 | ($52) | ($126) | $647 | -16.2% |
| $30,000 | $1,126 | ($52) | ($126) | $1,000 | -11.2% |
| $35,000 | $1,662 | ($86) | ($188) | $1,474 | -11.3% |
| $45,000 | $2,752 | ($127) | ($271) | $2,481 | -9.9% |
| $55,000 | $3,949 | ($170) | ($362) | $3,587 | -9.2% |
| $60,000 | $4,470 | ($189) | ($401) | $4,069 | -9.0% |
| $65,000 | $5,071 | ($220) | ($455) | $4,616 | -9.0% |
| Single income family claiming basic credits and average deductions. | |||||
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