Chilliwack’s average family income is $82,311 per year (2016 Census), which is comparative to other cities of its size and distance from a major urban centre. British Columbia’s minimum wage is $14.60(CAD) per hour.
|1||FEDERAL||15.00% - 33.00%|
|2||PROVINCIAL||5.06% - 14.70%|
|4||UNEARNED INCOME||Dependant on dividend type, income and tax credits|
Employers must deduct Canada Pension Plan (CPP) contributions, Employment Insurance(EI) premiums and income tax from an employee’s remuneration and then remit to the Government of Canada. Employers must also contribute 1.4 times the amount of an employee’s EI premiums.
Personal income tax rates vary based on earned income. See chart. Learn more. Visit the Canada Revenue Agency: cra-arc.gc.ca. Also visit servicecanada.gc.ca.