Thread: Moving to BC
View Single Post
Old 05-28-2016, 11:54 AM   #57
blankall
Ate 100 Treadmills
 
blankall's Avatar
 
Join Date: Mar 2006
Exp:
Default

Quote:
Originally Posted by squiggs96 View Post
This isn't correct, depending on your income level. I don't have the latest exact rates in front of me, but previously if you earned up to $95,000, you would pay less income taxes in BC compared to Alberta. Above $95,000 (estimated) you would pay less in Alberta. With the new rates for 2016 looks to be close to that figure again. After that you'd pay a little more in BC. Any income above $300,000 will pay less taxes in BC than AB. I don't have charts or break even points on my phone, but there are many income levels in BC that pay less taxes than in Alberta.
Either way, BC has a lot of ways to tax you. Car insurance will be about double. It's a state run insurance that the government takes funds out of.
blankall is online now   Reply With Quote