Sunshine Coast Economic Development - British Columbia, Canada

Taxation

Taxation

Personal Income Tax

Federal Provincial
Earned Income 15 – 29% 5.1 – 14.7%
Other Income (e.g. pensions, dividends) 0 – 14.5% 0 – 3.9%
Capital Gains 7.5 – 14.5% 2.1 – 7.4%

Residential Property Values

Typical Residential Home Assessment Total Residential Taxes and Charges
Town of Gibsons $ 415,744 $4,119
District of Sechelt $ 383,061 $ 3,692
Sunshine Coast Regional District* $ 400,000 $ 2,800
City of Burnaby $ 994,435 $ 5,699
City of North Vancouver $ 962,308 $ 5,205
City of Victoria $ 566,834 $ 4,849

Source: BC Stats Community Facts

* Approximate average: assessments and tax rates vary widely across rural areas

Business and Industrial Taxes

Residential mil Rate Business mil Rate Industrial mil Rate
Town of Gibsons 7.3673 19.8838 22.8342
District of Sechelt 7.5875 18.2741 23.7000
Sunshine Coast Regional District 5.20 * 13.0000 17.9000

* Approximate average: rates vary across Areas

Sales Tax

Federal Goods & Services Tax (GST) 5% GST on business inputs is fully recoverable
Provincial Sales Tax (PST) 7% Some business purchases are exempt

 

Sunshine Coast Community Economic Development

Gibsons & District Chamber of Commerce SCRD   Gibsons
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