Close

Our Privacy Statement & Cookie Policy

All Thomson Reuters websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.

• Privacy Statement
• Cookie Policy

Ok to continue

• DT Professional Suite DT Professional Suite

• Français Canada – Français
• Logins Product logins
• Contact Contact
• Support Support

British Columbia

British Columbia

The lower rate of British Columbia income tax is 2%.

Income eligible for the lower rate is determined using the British Columbia business limit of $500,000.

The higher rate of British Columbia income tax is 12%. This rate applies to all income not eligible for the lower rate.

You can use Schedule 427, British Columbia Corporati on Tax Calculation, to help you calculate your British Columbia tax before the application of credits. You do not have to file it with your return. See the schedule for more details.

On line 240 of Schedule 5, enter the amount of tax calculated.

References
Sections 14, 14.1, and 16, British Columbia Income Tax Act

British Columbia credit union tax reduction

The British Columbia credit union tax rules allow credit unions to use a lower tax rate than the income tax rate otherwise applicable. It is the same rate paid by small business corporations that claim the British Columbia small business deduction.

To be eligible to claim the lower tax rate, the credit union must meet all of the following conditions:

• have been a credit union throughout the tax year

• have had a permanent establishment in British Columbia at any time in the tax year

• have British Columbia taxable income in the year

To claim the British Columbia credit union tax reduction, file Schedule 17, Credit Union Deductions, with your return.

British Columbia logging tax credit

Corporations that have paid logging tax to British Columbia on income they earned from logging operations for the year can claim a British Columbia logging tax credit. This non-refundable credit is equal to one-third of the logging tax payable and paid as indicated on provincial forms FIN 542S, Logging Tax Return of Income, or FIN 542P, Logging Tax Return of Income for Processors.

On line 651 of Schedule 5, enter the amount of the credit you are claiming.

Reference
Section 19.1, British Columbia Income Tax Act

British Columbia farmers' food donation tax credit

Corporations in the business of farming can claim this credit if they donate qualifying agricultural products they produce in British Columbia to a registered charity that provides food to those in need or helps to operate a school meal program.

The non-refundable tax credit is equal to 25% of the eligible amount of the qualifying agricultural product for gifts made before January 1, 2027.

You must claim the credit in the same year that you claim the deduction for charitable gifts under section 110.1 of the federal Income Tax Act for the donation. The carry-forward period is five years.

To claim the credit, file a completed Schedule 2, Charitable Donations and Gifts, with your return. For more details, see the schedule.

On line 683 of Schedule 5, enter the amount of the credit you are claiming.

Reference
Section 20.1, British Columbia Income Tax Act

British Columbia small business venture capital tax credit

Corporations investing in shares of a registered venture capital corporation or eligible business corporation can claim a British Columbia venture capital tax credit. The British Columbia government issues a certificate called Form SBVC 10 to these corporations.

Eligible business corporations participating in the small business venture capital program are allowed to claim the British Columbia interactive digital media tax credit (page 132).

As of March 2, 2019, a convertible right investment in an eligible business corporation is eligible for a tax credit. A tax credit certificate is issued when the investment is made, not when the convertible right converts to shares.

Apply the venture capital tax credit first to reduce the British Columbia provincial tax payable for the year to zero. If unclaimed credits remain, you can carry them forward for up to four tax years to reduce the British Columbia tax payable.

You do not have to file the certificate with your return. However, keep it in case the CRA asks for it later.

On Schedule 5, line 880, enter the unclaimed tax credit, if any, at the end of the previous tax year. On line 881, enter the tax credit amount available in the current year as reported on Form SBVC 10. On line 882, enter the 9-digit certificate number from Form SBVC 10. On line 883, enter the amount of the credit transferred on an amalgamation. On line 656, enter the tax credit amount you are claiming.

Reference
Section 21, British Columbia Income Tax Act

British Columbia scientific research and experimental development tax credit

A qualifying corporation with a permanent establishment in British Columbia can claim this credit on expenditures incurred in the tax year before September 1, 2027, for scientific research and experimental development (SR&ED) carried on in British Columbia.

An active member of a partnership can also claim its share of the partnership's non-refundable tax credit for SR&ED carried on in British Columbia. Only partners that are qualifying corporations can claim the credit.

To claim the credit, file a completed Form T666, British Columbia (BC) Scientific Research and Experimental Development Tax Credit, with your return. You must file this form no later than 18 months after the end of the tax year in which the qualified expenditures are incurred (even if you do not claim the credit for that year). For more details, see Form T666.

Reference
Part 6, British Columbia Income Tax Act

British Columbia SR&ED refundable tax credit

A qualifying corporation that is a Canadian-controlled private corporation (CCPC) may claim the refundable tax credit.

The amount of the credit is equal to 10% of whichever of the following amounts is less:

• the SR&ED qualified BC expenditure for the tax year

• the expenditure limit for the tax year

On line 674 of Schedule 5, enter the amount of the refundable credit you are claiming.

Reference
Section 98, British Columbia Income Tax Act

British Columbia SR&ED non-refundable tax credit

Qualifying CCPCs with SR&ED qualified expenditures that are more than their expenditure limit and qualifying corporations that are not CCPCs, may claim a non-refundable tax credit.

The annual non-refundable tax credit is 10% of the SR&ED qualified BC expenditure for that year less the total of:

• the amount of refundable credit for that year

• any amount renounced for that year under subsection 100(1) of the British Columbia Income Tax Act

The credit may be deducted against the income tax payable for that year. You must claim the maximum tax credit available in the year it is earned. You can carry back an unused credit to the 3 previous tax years from the year the expenditures were incurred. You can also carry forward the unclaimed credit to the 10 tax years that follow the tax year in which the expenditures were incurred.

On line 659 of Schedule 5, enter the amount of the non-refundable credit you are claiming.

Reference
Section 99, British Columbia Income Tax Act

Recapture of British Columbia SR&ED tax credit

A corporation that disposed of a property used in SR&ED, or converted it to commercial use within 10 years of acquiring the property, may be required to report a recapture of any British Columbia SR&ED tax credit previously calculated on that property. Any recapture will create or increase British Columbia tax otherwise payable.

To calculate the recapture, complete Form T666 and attach it to your return. For more details, see Form T666.

On line 241 of Schedule 5, enter the amount of recapture calculated.

Reference
Sections 102.1 to 102.6, British Columbia Income Tax Act

British Columbia qualifying environmental trust tax credit

A corporation that is a beneficiary of a qualifying environmental trust located in British Columbia can claim a tax credit on income that is subject to tax under Part XII.4 of the federal Income Tax Act.

The credit will reduce the provincial tax otherwise payable for the tax year that includes the trust's tax year.

This credit is fully refundable, but must first be applied against total taxes payable.

On line 670 of Schedule 5, enter the amount of the credit earned.

Reference
Section 25, British Columbia Income Tax Act

British Columbia film and television tax credit

The film and television tax credits are for domestic productions with qualifying levels of Canadian content. To claim these credits, an eligible production corporation must be a Canadian-controlled taxable corporation that has a permanent establishment in British Columbia and its activities must primarily be carrying on a film or video production business through a permanent establishment in Canada.

The film and television tax credit cannot be claimed if the production services tax credit is claimed for that production.

These credits are fully refundable but must first be applied against total taxes payable.

These credits apply to BC labour expenditures. For determining BC labour expenditures, a BC-based individual is a person who is resident in the province on December 31 of the year preceding the end of the tax year for which the tax credit is claimed.

An eligible production corporation can claim these different credits:

• the basic tax credit (35%)

• the scriptwriting tax credit [for scriptwriting expenditures incurred after February 20, 2018 (35%)]

• the regional tax credit (12.5%)

• the distant location regional tax credit (6%)

• the film training tax credit (30%- see other option below)

• the digital animation, visual effects and post-production (DAVE) tax credit (16%)

  Note
  If you are not eligible for, or do not claim the basic tax credit, you cannot claim the scriptwriting, regional, distant location, film training, or the DAVE tax credits.

To claim these credits, file the following with your return for the year by the filing deadline:

• the eligibility certificate (or a copy) received from Creative BC. As of April 1, 2023, the CRA is no longer accepting an eligibility certificate alone for final-year claims. A completion certificate is required

• if the production was completed in the tax year, the completion certificate (or a copy) and a copy of the audited statement of production costs and notes provided to Creative BC

• a completed copy of Form T1196, British Columbia Film and Television Tax Credit, for each eligible production

You must file these documents with the CRA no later than 18 months after the end of the tax year. For tax years starting before February 19, 2020, the filing deadline is 36 months after the end of the tax year.

If you file your return electronically, see information on T2 Attach-a-doc on page 12.

If you file a paper return, send the return and required attachments to your tax centre. To find your tax centre, go to canada.ca/cra-tso-contact-information.

On line 671 of Schedule 5, enter the amount you are claiming.

Basic tax credit

The basic tax credit is equal to 35% of the qualified BC labour expenditure for the tax year for the production.

Scriptwriting tax credit

The scriptwriting tax credit is equal to 35% of eligible scriptwriting expenditures directly attributable to developing script material for a production. This includes salary, wages, and other remuneration and reimbursements paid to scriptwriters who are BC-based individuals. The cost of buying a published or finished literary work, screenplay, script, or script material is not eligible.

The expenses have to be incurred:

• after February 20, 2018

• no earlier than two years before the date principal photography starts

• before the end of the final script stage

These amounts have to be paid no later than 60 days after the end of the tax year in which principal photography started.

Regional tax credit

The regional tax credit is equal to one of the following amounts:

• 12.5% of the qualified BC labour expenditure for the production for the tax year, where a minimum of five days and more than 50% of the total principal photography days in British Columbia are outside of the designated Vancouver area

• for a production that is intended for television broadcast as a series and that comprises a cycle of at least three episodes, where principal photography of at least three episodes is done in British Columbia outside of the designated Vancouver area, the credit is 12.5% of the qualified BC labour expenditure for the tax year for the qualified episodes done in British Columbia, where a minimum of five days and more than 50% of the total principal photography days in British Columbia are outside of the designated Vancouver area

The credit is prorated for the number of days of principal photography done in British Columbia outside the designated Vancouver area over the total number of days of principal photography done in British Columbia.

For animated productions, the regional tax credit is 12.5% of the qualified BC labour expenditure prorated by the BC labour expenditure incurred in BC outside of the designated Vancouver area over the total BC labour expenditure for the animated production incurred in the tax year. There is no minimum number or percentage of principal photography days required, and there is no proration based on principal photography days.

Distant location regional tax credit

The distant location regional tax credit is available when principal photography is done in British Columbia in a distant location. The distant location is that part of British Columbia that is not included within the area that extends from the designated Vancouver area north, up to and including Whistler, and east to include Hope.

The distant location regional tax credit is equal to one of the following amounts:

• 6% of the qualified BC labour expenditure for the production for the tax year, where a minimum of one day of principal photography is in a distant location

• for a production that is intended for television broadcast as a series and that comprises a cycle of at least three episodes, where principal photography of at least three episodes is done in a distant location, the credit is 6% of the qualified BC labour expenditure for the tax year for the qualified episodes determined for the regional tax credit, where a minimum of one day of principal photography is in a distant location

The credit is prorated for the number of days of principal photography done in a distant location, over the total number of days of principal photography done in British Columbia.

For animated productions, the distant location regional tax credit is 6% of the qualified BC labour expenditure prorated by the BC labour expenditure incurred in a distant location over the total BC labour expenditure for the animated production incurred in the tax year. There is no minimum number or percentage of principal photography days required, and there is no proration based on principal photography days.

The distant location regional tax credit can only be claimed if the corporation is eligible for, and claiming, the regional tax credit.

Film training tax credit

The film training tax credit is equal to whichever is less:

• 30% of the payments (net of assistance) made to the trainees in the tax year while they are participating in the approved training program on the production

• 3% of the qualified BC labour expenditure for the production for the tax year

Digital animation, visual effects and post-production (DAVE) tax credit

The digital animation, visual effects and post-production tax credit is equal to 16% of BC labour expenditure directly attributable to prescribed digital animation or visual effects activities, including prescribed digital post-production activities.

Reference
Part 5, British Columbia Income Tax Act

British Columbia production services tax credit

The production services tax credits are available to both domestic and foreign producers and there is no Canadian content requirement. To claim these credits, the corporation must have a permanent establishment in British Columbia during the tax year, and throughout the tax year, must have primarily carried on a film or video production business or a film or video production services business.

The production services tax credit cannot be claimed if the film and television tax credit is claimed for that production.

These credits are fully refundable, but must first be applied against total income tax payable.

These credits apply to BC labour expenditures. A BC-based individual is a person who is resident in the province on December 31 of the year preceding the end of the tax year for which the tax credit is claimed.

An accredited production corporation can claim these different credits:

• the basic production services tax credit (28%)

• the regional production services tax credit (6%)

• the distant location production services tax credit (6%)

• the digital animation, visual effects and post-production (DAVE) services tax credit (16%)

  Note
  If you are not eligible for, or do not claim the basic production services tax credit, you cannot claim the regional, distant location, or DAVE production services tax credits.

For productions incurring their first accredited BC labour expenditure (ABCLE) on or after February 22, 2022, corporations must notify Creative BC of their intent to claim these credits within 120 days of first incurring an ABCLE for the production. Creative BC must receive this notice before issuing an accreditation certificate. You will be unable to claim ABCLE incurred before the date you filed the pre-certification form if you miss the 120 day deadline. Late notice could result in denied or reduced claims.

For productions incurring their first ABCLE between July 1, 2020, and February 21, 2022, corporations will be allowed to claim ABCLE incurred up to 120 days before filing the pre-certification notice, regardless of how many days after the first incurred ABCLE the pre-certification notice was filed. However, you will be unable to claim ABCLE incurred more than 120 days before filing the pre-certification form. This may reduce the production services tax credit available to you.

To claim these credits, file the following with your return for the year by the filing deadline:

• the accreditation certificate (or a copy) received from Creative BC

• a completed Form T1197, British Columbia Production Services Tax Credit, for each accredited production

You must file these documents with the CRA no later than 18 months after the end of the tax year. For tax years starting before February 19, 2020, the filing deadline is 36 months after the end of the tax year.

If you file your return electronically, see information on T2 Attach-a-Doc on page 12.

If you file a paper return, send the return and required attachments to your tax centre. To find your tax centre, go to canada.ca/cra-tso-contact-information.

On line 672 of Schedule 5, enter the amount of credit you are claiming.

Basic production services tax credit

The basic production services tax credit is equal to 28% of the corporation's accredited qualified BC labour expenditure for the tax year.

Regional production services tax credit

The regional production services tax credit is equal to 6% of the accredited qualified BC labour expenditure for the production for the tax year, where a minimum of five days and more than 50% of the total principal photography days in British Columbia are done outside of the designated Vancouver area.

The credit is prorated for the number of days of principal photography done in British Columbia outside the designated Vancouver area over the total number of days of principal photography done in British Columbia.

For animated productions, the regional production services tax credit is 6% of the accredited qualified BC labour expenditure, prorated by the accredited BC labour expenditure incurred in BC outside the designated Vancouver area over the total accredited BC labour expenditure for the animated production incurred in the tax year. There is no minimum number or percentage of principal photography days required, and there is no proration based on principal photography days.

Distant location production services tax credit

The distant location production services tax credit is available when principal photography is done in British Columbia in a distant location. The distant location is that part of British Columbia that is not included within the area that extends from the designated Vancouver area north, up to and including Whistler and east to include Hope.

The distant location production services tax credit is equal to 6% of the accredited qualified BC labour expenditure for the production for the tax year, where a minimum of one day of principal photography is done in a distant location.

The credit is prorated for the number of days of principal photography done in a distant location, over the total number of days of principal photography done in British Columbia.

For animated productions, the distant location production services tax credit is 6% of the accredited qualified BC labour expenditure prorated by the accredited BC labour expenditure incurred in a distant location over the total accredited BC labour expenditure incurred for the animated production in the tax year. There is no minimum number or percentage of principal photography days required, and there is no proration based on principal photography days.

The distant location production services tax credit can only be claimed if the corporation is eligible for, and is claiming the regional production services tax credit.

Digital animation, visual effects and post-production (DAVE) services tax credit

The digital animation, visual effects and post-production services tax credit is equal to 16% of accredited qualified BC labour expenditure that is directly attributable to prescribed digital animation or visual effects activities, including prescribed digital post-production activities.

Reference
Part 5, British Columbia Income Tax Act

British Columbia mining exploration tax credit

A corporation that has incurred qualified mining exploration expenses in British Columbia may qualify for the British Columbia mining exploration tax credit. The corporation must have maintained a permanent establishment in the province at any time in the tax year.

The expenditures have to be incurred in the tax year for determining the existence, location, extent, or quality of a mineral resource in British Columbia.

Qualified mining exploration expenses may include expenses incurred in the course of:

• prospecting

• carrying out geological surveys

• drilling

• trenching

• digging test pits

• preliminary sampling

Exploration expenses may also include expenses incurred for environmental studies and community consultation to get a right, licence, or privilege for determining the existence, location, extent, or quality of a mineral resource in BC.

Any flow-through mining expenditure renounced under the federal Income Tax Act does not qualify for the credit.

This credit also applies to partnerships. Taxpayers who are active members of a partnership, other than specified members (such as limited partners), can each claim their proportionate share of the partnership's tax credit. To claim your proportionate share of the partnership's tax credit, file a completed Schedule T1249, British Columbia Mining Exploration Tax Credit Partnership Schedule, with your return.

For more details, see the schedule.

The credit is equal to 20% of the amount by which:

• the total qualified mining exploration expenses incurred in the tax year

is more than

• the total assistance for amounts included in the total qualified mining exploration expenses for the tax year

Prospecting, drilling, trenching, digging test pits and preliminary sampling expenses incurred after May 17, 2018, are qualified mining exploration expenses only to the extent the expenses exceed any revenues resulting from those expenses before the mine comes into production in reasonable commercial quantities.

A corporation can claim an additional 10% of the total qualified mining exploration expenses incurred in prescribed mountain pine beetle affected areas. These expenses must be reduced by the total assistance attributable to them.

The credit is fully refundable, but must first be applied against total taxes payable.

To claim the credit, file a completed Schedule 421, British Columbia Mining Exploration Tax Credit, with your return. You must claim this credit no later than 18 months after the end of the tax year.

For more details, see the schedule. Members of a partnership must also file a completed Schedule T1249.

On line 673 of Schedule 5, enter the amount of credit you are claiming.

Reference
Section 25.1, British Columbia Income Tax Act

British Columbia book publishing tax credit

You can claim this credit if you receive a base amount of Publishing Support contributions under the federal Canada Book Fund (CBF) before April 1, 2026.

The recipient must be a Canadian-controlled corporation carrying on business mainly through a permanent establishment in British Columbia with book publishing as its principal business.

You are eligible for a credit of 90% of the base amount of Publishing Support contributions received in the tax year. The credit is fully refundable, but must first be applied against total taxes payable.

On line 886 of Schedule 5, enter the base amount of Publishing Support contributions received in the tax year (excluding other supplementary amounts such as the export and recovery supplement). On line 665, enter the amount of the credit you are claiming. You must claim this credit no later than 18 months after the end of the tax year.

Reference
Part 8, British Columbia Income Tax Act

British Columbia training tax credit

You can claim a refundable tax credit if you are a taxable corporation with a permanent establishment in the province and you paid salary and wages before January 1, 2025, to an employee who was registered in a prescribed program administered through SkilledTradesBC.

The province offers a credit to employers based on the salary and wages paid to an apprentice:

• the basic tax credit for apprentices in the first 24 months of a non-Red Seal program (20%, maximum $4,000)

• the completion tax credit when an apprentice completes level three or four of either a Red Seal program or a non-Red Seal program (15%, maximum $2,500/$3,000)

• the enhanced tax credit for apprentices who are individuals registered under the Indian Act or who qualify for the disability amount on their income tax and benefit return (all levels of both Red Seal and non-Red Seal programs) (5.5% maximum $1,000, 30% maximum $6,000, or 22.5% maximum $3,750/$4,500)

  Note
  To complete a tax credit level, see the requirements in the table issued by the province, Training Tax Credits: Table of Eligible Programs and Completion Requirements for Employers.

You cannot claim the British Columbia training tax credit if you claim the British Columbia shipbuilding and ship repair industry tax credit in the tax year.

You can claim one or more of the following three credits in the year for each qualified employee:

• The basic tax credit is 20% of the salary and wages (net of designated assistance) you paid to an employee who was in the first 24 months of an eligible non-Red Seal apprenticeship program in the tax year. The maximum basic tax credit you can claim is $4,000, per employee, per year. This credit is not available to Red Seal programs and cannot be claimed if you are claiming the federal apprenticeship job creation tax credit for the same employee (see page 90)

• The completion tax credit is 15% of the salary and wages (net of designated assistance) you paid to an employee within the 12-month period ending on any day in the month that the employee completed level three or four of either an eligible Red Seal program or non-Red Seal program. The maximum completion tax credit you can claim is $2,500 per employee who has completed level three, and $3,000 per employee who has completed level four.

• The enhanced tax credit is available if you employ individuals registered under the Indian Act or qualify for the disability amount on their income tax return. Do not claim the basic tax credit or the completion tax credit if you are claiming the enhanced tax credit for that employee because these credits are included in the calculation of the enhanced tax credits. An employer claiming the enhanced tax credit for a qualifying employee should only complete Part 3 when filing Schedule 428, British Columbia Training Tax Credit. The enhanced tax credits are as follows:

  • for the first 24 months of an eligible Red Seal program, 5.5% of the salary and wages (net of designated assistance) you paid to an employee who was in the first 24 months of a Red Seal apprenticeship program in the tax year. The maximum tax credit you can claim is $1,000 per employee. You can claim this credit in addition to the federal apprenticeship job creation tax credit for the same employee

  • for the first 24 months of an eligible non-Red Seal program, 30% of the salary and wages (net of designated assistance) you paid to an employee who was in the first 24 months of a non-Red Seal apprenticeship program in the tax year. The maximum tax credit you can claim is $6,000 per employee. This credit is not available to Red Seal programs and cannot be claimed if you are claiming the federal apprenticeship job creation tax credit for the same employee

  • for level three or four of an eligible Red Seal or non- Red Seal program, 22.5% of the salary and wages (net of designated assistance) you paid to an employee within the 12-month period ending on any day in the month that the employee completed level three or four. The maximum tax credit you can claim is $3,750, per employee who has completed level three and $4,500, per employee who has completed level four

For the completion and enhanced tax credits, the salary and wages can be dually applied to overlapping periods when more than one level is completed during the tax year.

---

Example

The employer's tax year runs from January 1 to December 31, 2024.

An employee completes level three on January 31, 2024, and level four on June 30, 2024.

In the tax year, the employer can claim the wages paid from February 1, 2023, to January 31, 2024, for the level three tax credit. In the same tax year, the employer can also claim the wages paid from July 1, 2023, to June 30, 2024, for the level four tax credit. The wages paid from July 1, 2023, to January 31, 2024, are used for both credits.

---

You can also claim these credits for former qualified employees for the time they were employed by you during an eligible period, even though they were no longer working for you when they completed a specific level of the apprenticeship program.

These credits extend to partnerships. Corporations who are members of a partnership, other than specified members (such as limited partners), can each claim their share of the partnership's tax credit.

Special rules apply for multiple employers not dealing at arm's length who want to claim the training tax credit for the same employee. For more details, see section 125 of the British Columbia Income Tax Act.

To claim these credits, file a completed Schedule 428, British Columbia Training Tax Credit, with your return. You must claim:

• the basic tax credit and the enhanced basic tax credit no later than 36 months after the end of the tax year in which the eligible salaries and wages are paid

• the completion tax credit and the enhanced completion tax credit no later than 36 months after the end of the tax year in which the employee completed the requirements for a tax credit level

On line 679 of Schedule 5, enter the total amount of the credits you are claiming.

References
Part 9, British Columbia Income Tax Act
Training Tax Credits: Table of Eligible Programs and Completion
Requirements for Employers

British Columbia interactive digital media tax credit

The interactive digital media tax credit is a refundable credit equal to 17.5% of BC eligible salary and wages (net of designated assistance) incurred before September 1, 2028.

You cannot claim this credit if you claim the BC SR&ED tax credit for the year. Also, the corporation must meet all of the following conditions:

• be registered with the BC Ministry of Finance for each tax year for which the tax credit is claimed

• have a permanent establishment in British Columbia at any time during the tax year

• be a taxable Canadian corporation throughout the tax year

• either of the following applies:

  • the corporation has eligible salary and wages for the tax year of $2,000,000 or more

  • the corporation has eligible salary and wages for the tax year of more than $100,000 and less than $2,000,000, and either of the following applies:

    • the corporation's principal business in the tax year is developing interactive digital media products

    • all or substantially all of the corporation's business in the tax year is one or both of the following: developing interactive digital media products; or providing eligible activities to a corporation that has a permanent establishment in British Columbia and either has as its principal business the development of interactive digital media products or has eligible salary and wages equal to or greater than $2,000,000 for the tax year

The $100,000 and $2,000,000 are prorated for short tax years.

To claim the credit, file a completed Schedule 429, British Columbia Interactive Digital Media Tax Credit, with your return.

You must claim this credit no later than 18 months after the end of the tax year.

On line 680 of Schedule 5, enter the amount of the credit you are claiming.

Reference
Part 10, British Columbia Income Tax Act

British Columbia shipbuilding and ship repair industry tax credit

You can claim a refundable tax credit if you are an eligible employer in the British Columbia shipbuilding and ship repair industry and, before January 1, 2025, you paid salary and wages to an employee who was registered in a prescribed program administered through SkilledTradesBC.

The credit applies to Red Seal and non-Red Seal programs.

You can claim one or more of the following three credits in the year for each qualified employee:

• the basic tax credit for employees within 24 months after the employee entered into an apprenticeship agreement (20%, maximum $5,250)

• the completion tax credit when an employee completes level three or four of an eligible program (20%, maximum $5,250)

• the enhanced tax credit for employees who are individuals registered under the Indian Act or who qualify for the disability amount on their income tax return (all levels of an eligible program) (30%, maximum $7,875)

For each of the basic and completion tax credits, the credit is equal to 20% of the salary and wages (net of designated assistance) that were paid to an employee, up to a maximum of $5,250 per employee per tax year.

These numbers are increased by half when they apply to the enhanced tax credit. This credit is equal to 30% of the salary and wages (net of designated assistance) that were paid to an employee, up to a maximum of $7,875 per employee per tax year.

For the completion and enhanced tax credits, the salary and wages can be dually applied to overlapping periods when more than one level is completed during the tax year.

You cannot claim the British Columbia shipbuilding and ship repair industry tax credit if you claim the British Columbia training tax credit in the tax year.

These credits extend to partnerships. Corporations that are members of a partnership, other than specified members (such as limited partners), can each claim their share of the partnership's tax credit.

Special rules apply for multiple employers not dealing at arm's length who want to claim the tax credit for the same employee. For more details, see section 126.5 of the British Columbia Income Tax Act.

To claim these credits, file a completed Schedule 430, British Columbia Shipbuilding and Ship Repair Industry Tax Credit, with your return. You must claim these credits no later than 36 months after the end of the tax year in which you paid the eligible salaries and wages.

On line 681 of Schedule 5, enter the total amount of the credits you are claiming.

Reference
Part 9, British Columbia Income Tax Act

British Columbia clean buildings tax credit

Effective February 23, 2022, a temporary tax credit has been introduced for retrofits that improve the energy efficiency of multi-unit residential buildings with four or more dwelling units and prescribed types of commercial buildings.

The refundable credit is equal to 5% of qualifying expenditures made before April 1, 2025, and incurred under an agreement entered into after February 22, 2022.

You must complete the retrofit before April 1, 2026, and file an application for certification with the British Columbia Ministry of Finance before you can claim the credit.

To claim the credit, if you have only one certificate, enter the certificate number on line 884 of Schedule 5. If you receive more than one certificate, file a completed Schedule 432, Additional Certificate Numbers for the British Columbia Clean Buildings Tax Credit, with your return. You do not have to file the certificate with your return. However, keep it in case the CRA asks for it later.

On line 685 of Schedule 5, enter the amount of the credit you are claiming.

Reference
Part 16, British Columbia Income Tax Act

5