The 2020 British Columbia budget was delivered on 18 February 2020.
The budget did not include any changes to the corporate income tax rates; however, it introduced a new combined federal and provincial top individual (personal) income tax bracket of 53.5% for ordinary taxable income exceeding $220,000.*
The budget also requires certain Canadian and foreign sellers to register for and remit British Columbia provincial sales tax (PST), effective 1 July 2020.
Read a February 2020 report [PDF 195 KB] prepared by the KPMG member firm in Canada
* $ = Canadian dollar
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