Corporate income tax
Publication date: November 14, 2023Corporations that maintain a permanent establishment in B.C. at any time during the tax year must file an income tax return.
Corporate income tax is administered in partnership with the Canada Revenue Agency (CRA). To learn more about filing a corporate income tax return, see CRA’s website.
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.
Read more about filing and get answers to your questions related to filing corporate income tax. Learn about your options for making a payment.
- 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:
Report suspected tax non-compliance
Update your business address with a number of public sector accounts.
Contact information
Need help completing both the federal and provincial portions of your corporation income tax returns?
Contact Canada Revenue Agency with your questions.
1-800-959-5525