Corporate Income Tax
Corporations that maintain a permanent establishment in B.C. at any time during the tax year must file an income tax return.
Reporting and Paying Tax
To report corporate income tax, you’ll need to file a tax return with CRA. You file your provincial corporate income taxes with your federal income tax return using your business number. Corporations must file a return every tax year even if there is no tax payable.
You don’t need a separate provincial account number.
- To file a return, complete a T2 Corporation Income Tax Return and either a Schedule 427 British Columbia Corporation Tax Calculation or a Schedule 5 Tax Calculation Supplementary – Corporations.
- Use the Corporation Income Tax Guide (T4012) while filling out your corporate income tax return.
Learn more about corporate income tax: