Weather (new)
City Map (pdf)
The Rivers
Events
History
Recreation
Community
Phoenix Ski Hill
Christina Lake
C.L. Golf Course
 

Location/Quick Facts  •  Demographics  •  Labour  •  Education
Transportation  •  Utilities  •  Government  •  Taxation  •  Quality of Life
Taxation

All rates current as of January, 2005, unless otherwise noted.
N/A = not applicable

CORPORATE INCOME TAX/FRANCHISE TAX
Federal
Description Small Business Manufacturing Non—Manufacturing
Rate (range) 13.12% 22.12% 22.12%
Formula (eg. Sales, Property, Payroll) N/A N/A N/A
Accelerated Depreciation Permitted Yes Yes Yes
Provincial
Description Small Business Manufacturing Non—Manufacturing
Rate (range) 4.5% 13.5% 13.5%
Formula (eg. Sales, Property, Payroll) Sales & Payroll Sales & Payroll Sales & Payroll
Federal Tax Deductible No No No

Local Level (Municipal/City)
British Columbia has no local corporate income taxes.

Total Federal and Provincial Corporate Income Tax
  17.62% 35.62% 35.62%


PERSONAL INCOME TAX

Personal Income Tax Rate (Range) Federal Provincial Local
Capital Gains 8.00%-14.50% 3.03% - 7.35% N/A
Earned Income 16.00%-29.00% 6.05%-14.70% N/A
Unearned Income (eg. Dividend) 3.33%-19.58% 1.19%-12.00% N/A

Local Occupation Tax (paid by employee)
Not Applicable

Local Wage Tax (paid by employer)
Not Applicable


SALES TAX

Gross Receipts Tax Rate by Type of Business: BC does not tax Gross
Sales/Use Tax Rate Rate Notes
Federal (Goods & Services Tax) – GST 5% GST on business inputs is fully recoverable (with business outputs)
Local n/a British Columbia has no local sales tax
Provincial Sales Tax 7% Exemptions include: production machinery and equipment, direct materials, catalysts, reagents, software development equipment, construction labor
TOTAL (Effective combined rate) Business Sales Tax 7% GST on business inputs is fully recoverable (with business outputs)
 
Sales Tax Rate by Utility Rate Notes
Electrical Power
Natural Gas
Fuel Oil
Water
Sewer
Hazardous Waste		 7% PST
7% PST
7% PST
0%
0%
7% PST 		7% GST is fully recoverable
7% GST is fully recoverable
7% GST is fully recoverable


7% GST is fully recoverable
 
Telephone Subject to Sales/Use Tax Rate Notes
Local 7% PST 7% GST is fully recoverable
Long Distance in Prov/State 7% PST Toll free inbound service is taxexempt. 7% GST is fully recoverable
Long Distance out of Prov/State 7% PST Toll free inbound service is taxexempt. 7% GST is fully recoverable
 
Machinery & Equipment Subject to Sales/Use Tax Rate Notes
Production 0%  
Non-Production 7% PST 7% GST is fully recoverable. Equipment used directly in software development is tax exempt
Pollution Control 7% PST 7% GST is fully recoverable
Office Furniture/
Fixtures/Equipment		 7% PST 7% GST is fully recoverable
 
Sales/ Use Tax on Tangible Property
Type Rate Notes
Office Building Construction Materials 7% 7% GST is fully recoverable
Industrial Building Construction Materials 7% 7% GST is fully recoverable
Manufacturers' Raw Materials 0%  
Standard Software 7% 7% GST is fully recoverable
Custom Software 7% 7% GST is fully recoverable
     
Sales/ Use Tax on Intangible Property
Type Rate Notes
Accounts Receivable 0%  
Capital Stock 0%  
Stock/Bond Transaction Fee 0%  
     
Property Tax Rates per $100 Assessed Personal Property (M&E, Inventory, other) - Municipal
British Columbia does not have personal property taxes
 
State Property Tax Effective Rate per $100
Not Applicable
 
Subject to Personal Property Tax
Not Applicable
 

All Rates current as of January 1, 2005, unless otherwise stated. N/A = Not Applicable.


MUNICIPAL
The Corporation of the City of Grand Forks 2005 Variable Tax Rates
(Dollars of tax per $1,000.00 taxable value)
Class Description General Municipal & General Debt RDKB Regional General Hospital District West RDKB Regional General Hospital District RDKB
BSD#51		 BCAA MFA
1 Residential 4.2652 0.03621 0.23635 2.53190 4.6289 0.10570 .00030
2 Utilities 25.5221 0.12675 0.82722 8.86160 15.0000 0.54240 0.00050
4 Major Industry 42.4741 0.12313 0.80359 8.60840 15.5000 0.54240 0.00050
5 Light Industry 10.7629 0.12313 0.80359 8.60840 9.90000 0.29590 0.00050
6 Business/other 10.2088 0.08872 0.57906 6.20310 9.90000 0.29590 0.00010
8 Rec/Non-profit 12.3973 0.03621 0.23635 2.53190 4.50000 0.10570 0.00020
9 Farm 6.0793 0.03621 0.23635 2.53190 6.80000 0.10570 0.00020

Abbreviations:
B.C.A.A.
M.F.A.
R.D.K.B.
BSD#51		 BC Assessment Authority
Municipal Finance Authority
Regional District Kootenay Boundary
Boundary School District #51