What’s New in B.C. Income Taxes

Updates to income tax information are posted here. Income taxes include personal income tax, corporate income tax, insurance premium tax, logging tax and international business activity.

Read the most recent update below and browse past updates by year.

Latest update

March 14, 2018

The FIN 196, Application for Refund of Logging Tax has been updated to allow a maximum refund of $6,667.  Use this form to apply for a refund of logging tax paid for tax years ending after March 31, 2017.

February 20, 2018

The provincial government announced its 2018 Budget today. Programs administered by the Income Taxation Branch are amended as a result. Learn more at B.C. Provincial Budget Tax Changes.

Past updates by year

To view all the past updates, click Expand All below.

September 11, 2017

The provincial government announced its Budget 2017 Update today. Programs administered by the Income Taxation Branch are amended as a result. Learn more at B.C. Provincial Budget Tax Changes.

February 21, 2017

The provincial government announced its 2017 Budget today. Programs administered by the Income Taxation Branch are amended as a result. Learn more at B.C. Provincial Budget Tax Changes.

February 9, 2017

The Film and Television Tax Credit and Production Services Tax Credit webpages have been updated with information on the change to the Designed Vancouver Area, which is effective for productions with principal photography starting on or after January 25, 2017.

July 14, 2016

The B.C. Commission on Tax Competitiveness has been announced and the website is now live. On this site you'll find information about the commission, its members and its terms of reference. You can fill out an online form to provide your thoughts on how we can improve tax competitiveness in B.C. Check it out at engage.gov.bc.ca/taxcommission

June 28, 2016

Bulletin CIT 006Mining Exploration Tax Credit, has been revised to extend the expiry date for METC to December 31, 2019.

Bulletin PIT 001BC Mining Flow-Through Share Tax Credit, has been revised to extend the expiry date for the BC MFTS tax credit to December 31, 2016.

June 23, 2016

Possible Postal Service Disruption

If there is disruption to postal services, you are still responsible for filing your returns, claiming grants, applying for programs or refunds, and making payments on time.

Find out more.

February 16, 2016

The provincial government announced its 2016 Budget on February 16, 2016. Programs administered by the Income Taxation Branch are amended as a result. Learn more at B.C. Provincial Budget Tax Changes.

January 19, 2016

Information Sheet 2016-003BC Basic Personal Income Tax Credits: 2006 - 2014. This information sheet lists previous years' basic personal income tax credits. Current year basic tax credits can be found on our website at gov.bc.ca/incometaxes

Information Sheet 2016-004Personal Income Tax Rates: 2006 - 2014. This information sheet lists previous years' personal income tax rates. Current rates can be found on our website at gov.bc.ca/incometaxes

July 23, 2015

Bulletin GEN 002Appeals, has been revised to remove reference to the Residential Energy Credit and Rebate Program and Hotel Room Tax.

July 21, 2015

Bulletin PIT 001, BC Mining Flow-Through Share Tax Credit, has been revised to reflect the new expiry date of December 31, 2015 and update information about the CRA forms required.

June 26, 2015

Notice 2015-005BC’s Film and Television Tax Credits Clarified, is a new notice that clarifies BC’s regional and distant location film and television tax credits for animated productions.

June 5, 2015

The Liquefied Natural Gas Income Tax (LNGIT) regulations are now available.

The LNGIT regulation provides information on computing the cost of natural gas notionally acquired at an LNG facility inlet meter, gives circumstances in which a bond may not be required, sets out factors considered in determining the amount of the bond, provides how to compute interest on amounts payable and prescribes credits that are not financial incentives for the purposes of the LNGITA.

The Bonding Act regulation is also amended to include the LNGITA and sets out the types of security that can be posted as a bond.

New information is available about transportation costs allowable and not allowable in determining natural gas notionally acquired at an LNG facility inlet meter, and how feedstock pipeline inlets will be designated in determining the costs of natural gas notionally acquired at an LNG facility inlet meter.

The Natural Gas Tax Credit regulation has been added to the Income Tax Act. The regulation allows for a natural gas tax credit of up to a total of 3 percent of the cost of natural gas acquired at the LNG facility inlet meter.

March 25, 2015

The Province introduced the Liquefied Natural Gas Income Tax Amendment Act, 2015 today. The legislation adds administrative provisions to the Liquefied Natural Gas Income Tax and also amends the Natural Gas Income Tax Credit in B.C.'s Income Tax Act.

Check out the new LNG Income Tax website at www.gov.bc.ca/lngincometax

February 17, 2015

The provincial government announced its 2015 Budget today. Programs administered by the Income Taxation Branch are amended as a result. Learn more at B.C. Provincial Budget Tax Changes.

February 3, 2015

The Appeals webpages and Bulletin GEN 002Appeals, have been updated to make it easier for you to find the information you need.

Form FIN 298Appeal to Minister, is a new form you can use to file an appeal related to an assessment, disallowed refund or other decision made by the Ministry of Finance.

January 29, 2015

Government recently announced its intention to extend the B.C. mining flow-through share tax credit to the end of 2015, to support investment in mining exploration. See the news release here.

January 27, 2015

Information Sheet 2015-001BC Basic Personal Income Tax Credits: 2005 - 2013. This information sheet lists previous years' basic personal income tax credits. Current year basic tax credits can be found on our website at gov.bc.ca/incometaxes

Information Sheet 2015-002Personal Income Tax Rates: 2005 - 2013. This information sheet lists previous years' personal income tax rates. Current rates can be found on our website at gov.bc.ca/incometaxes

January 2, 2015

Government recently announced its intention to extend B.C.’s training tax credit program for an additional three years to the end of 2017, providing refundable income tax credits for B.C. apprentices and their employers.

December 9, 2014

The Liquefied Natural Gas Income Tax Act received Royal Assent on November 27, 2014.

December 8, 2014

Logging Tax and Insurance Premium Tax

New Online Services
Insurance Premium Tax and Logging Tax accounts now have access to our new online system called eTaxBC. eTaxBC allows you to access and update your account information, correspond with ministry staff, file your tax returns and pay your taxes. Learn more at gov.bc.ca/etaxbc/myaccount

Webpage Redesign

The Insurance Premium Tax and Logging Tax webpages have been redesigned making it easier to navigate and find the information you need. Also, we have removed bulletins (PDFs) and you can now find this information on the webpages.

Tax Returns and Forms

The following forms have been revised:

  • Logging Tax Return of Income (FIN 542S)
  • Logging Tax Return of Income for Processors (FIN 542P)
  • Insurance Premium Tax Return of Taxable Premiums (FIN 527)
  • Return of Unlicensed Insurance (FIN 521)

The following new forms have been created for Insurance Agents who file returns of unlicensed insurance on behalf of their clients:

  • Insurance Agent Summary Report (FIN 529)
  • Assignment of Refund (FIN 518)

December 2, 2014

Effective December 1, 2014:

  • We are no longer charging a fee for clearance certificates under the Logging Tax Act or the Insurance Premium Tax Act.
  • We are no longer issuing Clearance Certificates under the Corporation Capital Tax Act.
  • FIN 638Application for Clearance, has been revised to reflect these changes.

October 21, 2014

The Province introduced the Liquefied Natural Gas Income Tax Acttoday. The legislation includes an amendment to B.C.'s Income Tax Actto introduce the Natural Gas Corporate Income Tax Credit. Learn more about the Liquefied Natural Gas (LNG) Income Tax and read about the tax credit in the LNG Income Tax overview.

June 3, 2014

Bulletin PIT 001BC Mining Flow-Through Share Tax Credit (BC MFTS) has been revised to reflect the extension of the expiry date for the BC MFTS tax credit to December 31, 2014.

March 4, 2014

Bulletin CIT 013Training Tax Credit for Employers, has been revised to include updated information about the programs eligible for training tax credits.

Bulletin PIT 002Training Tax Credit for Apprentices, has been revised to include updated information about the programs eligible for training tax credits.

February 18, 2014

The provincial government announced its 2014 Budget today. Programs administered by the Income Taxation Branch are amended as a result. Learn more at B.C. Provincial Budget Tax Changes.

January 21, 2014

Information Sheet 2014-001BC Basic Personal Income Tax Credits: 2004 - 2012. This information sheet lists previous years' basic personal income tax credits. Current year basic tax credits can be found on our website at gov.bc.ca/incometaxes

Information Sheet 2014-002Personal Income Tax Rates: 2004 - 2012. This information sheet lists previous years' personal income tax rates. Current rates can be found on our website at gov.bc.ca/incometaxes

January 7, 2014

Notice 2014-001Notice to Taxable Insurers – 2013 Tax Returns. This notice provides information to assist taxable insurers with preparing their 2013 tax returns.

December 12, 2013

Bulletin IPT 001Insurance Premium Tax for Taxable Insurers, has been revised to include updated information on preparing tax returns.

July 23, 2013

Bulletin PIT 002Training Tax Credits for Apprentices, has been revised to include updated information about the programs eligible for training tax credits.

Bulletin CIT 013Training Tax Credit for Employers, has been revised to include updated information about the programs eligible for training tax credits.

June 28, 2013

The provincial government announced its 2013 Budget - June Update on June 27, 2013. Read the tax change details on our B.C. Provincial Budget Tax Changes page.

June 27, 2013

Bulletin GEN 003, Appeals of Tax Assessments, Disallowed Refunds or Other Determinations, has been renumbered and renamed. This bulletin is now GEN 002Appeals, and has also been updated with information on appeals under the Provincial Sales Tax Act.

February 19, 2013

The provincial government announced its 2013 Budget on February 19, 2013. Programs administered by the Income Taxation Branch are amended as a result.

Read the tax change details on our B.C. Provincial Budget Tax Changes page.

January 14, 2013

Check out our new website at www.gov.bc.ca/incometaxes

This site was designed with you in mind and will make it easier for you to find the information you need when you need it.

Bulletin IPT 001Insurance Premium Tax for Taxable Insurers. This bulletin has been rewritten and provides information to help taxable insurers understand how the insurance premium tax applies to their business.

Notice to Taxable Insurers. This notice provides information to assist taxable insurers with preparing their 2012 tax returns.

Information Sheet 2013-001BC Basic Personal Income Tax Credits: 2003 - 2011. This new information sheet lists previous years' basic personal income tax credits. Current year basic tax credits can be found on our new website at www.gov.bc.ca/incometaxes

Information Sheet 2013-002Personal Income Tax Rates: 2003 - 2011. This new information sheet lists previous years' personal income tax rates. Current rates can be found on our new website at www.gov.bc.ca/incometaxes

FIN 196Application for Refund of Logging Tax. This revised form has been redesigned and now provides online calculations to assist Canadian-controlled private corporations with claiming logging tax refunds.