Payroll Deductions Tables - Income tax deductions (BC) PART6

Calculate federal tax

Description	Sub-amounts	Amounts
(7)   Multiply the amount on line 6 by the federal tax rate based on chart 1		× 0.22
		$11,668.80
(8) Minus the federal constant based on the annual taxable income on line 6 (go to chart 1)		−(3,129.00)
(9)   Federal tax (line 7 minus line 8)		$8,539.80
(10)  Minus the federal tax credits:
the total of personal tax credit amounts reported on the federal Form TD1	$11,327.00
the CPP contributions for the pay period multiplied by the number of pay periods in the year (annual maximum $2,479.95)*	2,479.95
the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $930.60)*	930.60
the Canada employment credit (annual maximum $1,146.00)	1,146.00
Total	$15,883.55
* Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations
(11)  Multiply the total on line 10 by the lowest federal tax rate for the year.	× 0.15
(12)  Total federal tax credits		−(2,382.63)
(13)  Total federal tax payable for the year (line 9 minus line 12)		$6,157.27

Calculate provincial tax

Description	Sub-amounts	Amounts
(14)  Basic provincial tax for British Columbia: Multiply the amount on line 6 by the provincial tax rate based on chart 2 on page A-8		$4,084.08
(15)  Minus the provincial constant based on the annual taxable income on line 6 (go to chart 2)		−(1,000.00)
(16)  Provincial tax on income for British Columbia (line 14 minus line 15)		$3,084.08
(17)  Minus the provincial tax credits:
the total of personal tax credit amounts reported on Form TD1BC	$9,938.00
the CPP contributions for the pay period mu ltiplied by the number of pay periods in the year (annual maximum $2,479.95)*	2,479.95
the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $930.60)*	930.60
Total	$13,348.55
* Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations
(18) Multiply the total on line 17 by the lowest provincial tax rate for the year.	× 0.0506
(19)  Total provincial tax credits		−(675.44)
(20)  Provincial tax payable before reduction (line 16 minus line 19)		$2,408.64
(21)  Minus the British Columbia tax reduction:
where net income (line 4) is less than or equal to $19,673, the tax reduction is $452
where net income (line 4) is greater than $19,673 and less than or equal to $31,567.74, the tax reduction is $452 minus 3.8% of the income greater than $19,673
where net income (line 4) is greater than $31,567.74, the tax reduction is $0		−($0.00)
(22)  Total provincial tax payable for the year (line 20 minus line 21)		$2,408.64

Calculate total tax and the tax deduction for the pay period

Description	Sub-amounts	Amounts
(23) Total federal and provincial tax deductions for the year (line 13 plus line 22). If the result is negative, substitute $0.		$ 8,565.91
(24) Tax deduction for the pay period: Divide the amount on line 23 by the number of pay periods in the year (52).		$ 164.73