The province now has the fourth-highest top personal income tax rate in Canada and the United States.
The province's top combined income tax rate increased from 43.7 per cent to 53.5 per cent.
The province has the highest average level of tax on new investment of any large province.
The Horgan government raised the general corporate income tax rate.
The tax costs up to $3,584,167 in homeowner time.
The B.C. government also raised the general business income tax rate from 11 per cent to 12 per cent.