Prior year updates to income taxes

Personal income tax and tax credits

December 17, 2025

The 2026 B.C. personal income tax brackets and rates and basic tax credits are now posted on our website.

For years prior to 2025, see our archived tax rates and archived basic tax credits pages.

July 31, 2025

The rate for the B.C. alternative minimum tax and B.C. minimum tax credit has changed from 33.7% to 34.9% due to federal rate changes. The new B.C. rate is reflected on Personal income tax rates and B.C. basic personal income tax credits.

June 27, 2025

The B.C. family benefit page has been updated with the maximum annual credit amounts and income threshold amounts for the July 2025 to June 2026 benefit year.

April 3, 2025

The B.C. climate action tax credit (CATC) program is ending. The B.C. climate action tax credit payment for April 2025 will be the final CATC payment.

March 4, 2025

The provincial government announced its 2025 Budget on March 4, 2025. Programs administered by the Income Taxation Branch are amended as a result. Learn more at B.C. Provincial budget tax changes.

January 15, 2025

The B.C. renter's tax credit page has been updated with the income threshold amounts for the 2024 and 2025 tax years.

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Corporate income tax and tax credits

December 24, 2025

The natural gas tax credit has updated interest rates (%) on overdue balances and refunds for January to March 2026.

October 21, 2025

The natural gas tax credit has updated interest rates (%) on overdue balances and refunds for October to December 2025.

July 16, 2025

As previously announced in Budget 2025, the production services tax credit has been increased from 28% to 36% for productions that start principal photography on or after January 1, 2025. 

July 8, 2025

The natural gas tax credit has updated interest rates (%) on overdue balances and refunds for July to September 2025.

March 21, 2025

The natural gas tax credit has updated interest rates (%) on overdue balances and refunds for April to June 2025.

March 4, 2025

The provincial government announced its 2025 Budget on March 4, 2025. Programs administered by the Income Taxation Branch are amended as a result. Learn more at B.C. Provincial budget tax changes.

January 6, 2025

The natural gas tax credit has updated interest rates (%) on overdue balances and refunds for January to March 2025.

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Insurance taxes

December 24, 2025

Insurance premium tax has updated interest rates (%) on overdue balances and refunds for January to March 2026.

October 21, 2025

Insurance premium tax has updated interest rates (%) on overdue balances and refunds for October to December 2025.

July 8, 2025

Insurance premium tax has updated interest rates (%) on overdue balances and refunds for July to September 2025.

March 21, 2025

Insurance premium tax has updated interest rates (%) on overdue balances and refunds for April to June 2025.

January 6, 2025

Insurance premium tax has updated interest rates (%) on overdue balances and refunds for January to March 2025.

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Logging tax

December 24, 2025

Logging tax has updated interest rates (%) on overdue balances and refunds for January to March 2026.

October 21, 2025

Logging tax has updated interest rates (%) on overdue balances and refunds for October to December 2025.

July 8, 2025

Logging tax has updated interest rates (%) on overdue balances and refunds for July to September 2025.

March 21, 2025

Logging tax has updated interest rates (%) on overdue balances and refunds for April to June 2025.

January 6, 2025

Logging tax has updated interest rates (%) on overdue balances and refunds for January to March 2024.

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BC home flipping tax

December 24, 2025

The BC home flipping tax has updated interest rates (%) on overdue balances and refunds for January to March 2026.

December 19, 2025

The Rulings for BC home flipping tax page has been updated to add a redacted ruling.

November 25, 2025

Additional information on the substantial renovations has been added to Exemption for the builders, developers, and building or renovating activity for the BC home flipping tax. 

November 24, 2025

The BC home flipping tax webpage for the Exemption for property sales between related persons has been updated.

November 10, 2025

New information has been added about rulings for the BC home flipping tax.

October 21, 2025

The BC home flipping tax has updated interest rates (%) on overdue balances and refunds for October to December 2025.

July 8, 2025

The BC home flipping tax has updated interest rates (%) on overdue balances and refunds for July to September 2025.

May 23, 2025

FIN 146, Authorization or Cancellation of a Representative (PDF, 240KB), has been updated to add BC home flipping tax as an "Account Authorizations Act" option.

March 21, 2025

The BC home flipping tax has updated interest rates (%) on overdue balances and refunds for April to June 2025.

March 18, 2025

The How to calculate your BC home flipping tax web page has been updated to clarify the calculation examples.

January 16, 2025

The BC home flipping tax web pages have been updated to clarify the treatment of gifts of residential property and provide additional information on the definition of related individuals. Additional information has also been added about the foreclosure exemption.

January 6, 2025

The BC home flipping tax has updated interest rates (%) on overdue balances and refunds for January to March 2025.

January 1, 2025

The BC home flipping tax return is now available. The BC home flipping tax pages have been updated to include information on how to file a return and how to pay the tax.

Personal income tax and tax credits

December 11, 2024

The B.C. climate action tax credit page has been updated to clarify that due to the postal disruption, Canada Post will not be delivering cheques for the B.C. climate action tax credit. Payments by direct deposit will still be made on January 3, 2025.

Find more information and learn how to sign up for direct deposit with the Canada Revenue Agency.

December 3, 2024

The 2025 B.C. personal income tax brackets and rates and basic tax credits are now posted on our website.

For years prior to 2024, see our archived tax rates and archived basic tax credits pages.

November 28, 2024

The Training Tax Credits: Table of Eligible Programs and Completion Requirements for Apprentices (PDF, 200KB) has been updated to:

• Remove programs that no longer apply
• Correct program names
• Show that the Gasfitter - Class B program became an interprovincial (Red Seal) program in 2024
• Note that the federal government announced they will be ending the Apprenticeship Incentive Grant and Apprenticeship Completion Grant programs on March 31, 2025

June 25, 2024

The B.C. family benefit page has been updated with the maximum annual credit amounts and income threshold amounts, and to include the temporary B.C. family benefit bonus payment, for the July 2024 to June 2025 benefit year.

June 17, 2024

The B.C. climate action tax credit page has been updated with the maximum annual credit amounts and income threshold amounts for the July 2024 to June 2025 benefit year.

May 3, 2024

Information about eligibility and how to claim the B.C renter’s tax credit has been updated.
Information about the mining exploration tax credit has also been updated.

February 22, 2024

The provincial government announced its 2024 Budget on February 22, 2024. Programs administered by the Income Taxation Branch are amended as a result. Learn more at B.C. Provincial budget tax changes.

January 26, 2024

Information about the B.C. renter's tax credit has been updated.

January 17, 2024

The 2024 B.C. personal income tax brackets and rates and basic tax credits are now posted on our website.

For years prior to 2023, see our archived tax rates and archived basic tax credits pages.

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Corporate income tax and tax credits

December 12, 2024

The Film and television tax credit and Production services tax credit web pages have been updated with new tax credit measures, subject to approval of the legislature.

See the related news release for more information.

November 28, 2024

The Training Tax Credits: Table of Eligible Programs and Completion Requirements for Employers (PDF, 170KB) has been updated to:

• Remove programs that no longer apply
• Correct program names
• Show that the Gasfitter - Class B program became an interprovincial (Red Seal) program for taxation years that end after April 30, 2024

September 20, 2024

The natural gas tax credit has updated interest rates (%) on overdue balances and refunds for October to December 2024.

September 11, 2024

The Natural gas tax credit and the Cost of natural gas for the natural gas tax credit web pages have been updated to include information about the future application process and required documents, in particular for partnerships. This program will be of interest to natural gas owners planning to liquify natural gas at a major LNG facility in the future.

September 9, 2024

Information about production services tax credits and film and television tax credits has been updated to include links to new tools for estimating eligibility and filing deadlines.

June 25, 2024

The natural gas tax credit tax has updated interest rates (%) on overdue balances and refunds for July to September 2024.

May 3, 2024

Information for the clean buildings tax credit and the mining exploration tax credit have been updated.

March 21, 2024

The natural gas tax credit tax has updated interest rates (%) on overdue balances and refunds for April to June 2024.

Insurance taxes

September 20, 2024

Insurance premium tax has updated interest rates (%) on overdue balances and refunds for October to December 2024.

June 25, 2024

Insurance premium tax has updated interest rates (%) on overdue balances and refunds for July to September 2024.

March 21, 2024

Insurance premium tax has updated interest rates (%) on overdue balances and refunds for April to June 2024.

January 3, 2024

As of January 1, 2024, electronic filing and payments for insurance premium tax are mandatory. 

The insurance premium tax web pages and FIN 518, Assignment of Refund (PDF, 170KB) have been updated to reflect this change. For more information, see:

• File and pay your insurance taxes for licensed insurance
• File and pay your insurance taxes for unlicensed insurance

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Logging tax

September 20, 2024

Logging tax has updated interest rates (%) on overdue balances and refunds for October to December 2024.

June 25, 2024

Logging tax has updated interest rates (%) on overdue balances and refunds for July to September 2024.

March 21, 2024

Logging tax has updated interest rates (%) on overdue balances and refunds for April to June 2024.

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BC home flipping tax

December 23, 2024

Further information has been added to clarify the rules about pre-sale contracts in regard to the BC home flipping tax. 

September 16, 2024

The BC home flipping tax pages have been updated to include information on selling property with portions of property acquired on different dates and with portions of property sold. 

September 4, 2024

The BC home flipping tax website has been updated with a new page to provide information about trusts.

August 21, 2024

The BC home flipping tax website has been updated to add a new page to provide information about penalties and waivers.

August 13, 2024

The BC home flipping tax has been updated to provide additional information on the disposition of a taxable property. 

August 8, 2024

The website has been updated to add a new page with details about commercial properties for the BC home flipping tax. 

July 30, 2024

We've updated the Terms and definitions for the BC home flipping tax to include information about the cost to purchase the property.

June 17, 2024

The BC home flipping tax webpages have been expanded with more information on exemptions and calculations.

April 3, 2024

Bill 15, Budget Measures Implementation (Residential property (short-term holding) profit tax) Act, 2024, has been introduced in the BC legislature on April 3, 2024 to provide the proposed legislation for the BC home flipping tax. 

Information on the BC home flipping tax has been expanded. Additional information will continue to be added to the BC home flipping tax website. 

Subscribe to receive email notifications when we update our website.

March 20, 2024

Information about how the BC home flipping tax applies to presale contracts has been added to our website.

Personal income tax and tax credits

December 19, 2023

Interest rates (%) for income tax related programs have been updated for January to March 2024 for:

• Interest charged on overdue balances and late payments (debit rates)
• Interest payable on refunds and credit balances (credit rates)

June 30, 2023

Budget 2023 increased the B.C. climate action tax credit amounts effective July 1, 2023. The web page has been updated with information for the new benefit year.

Budget 2023 permanently increased the B.C. family benefit amounts and added a new supplement for lower-income single parent families starting in July 2023. The web page has been updated with information for the new benefit year.

June 26, 2023

Interest rates (%) for income tax related programs have been updated for July to September 2023 for:

• Interest charged on overdue balances and late payments (debit rates)
• Interest payable on refunds and credit balances (credit rates)

April 28, 2023

The online forms to certify your retrofit for the clean buildings tax credit are now available. Learn more about how to claim the clean buildings tax credit. 

March 24, 2023

Interest rates (%) have been updated for April to June 2023 for:

• Interest charged on overdue balances and late payments (debit rates)
• Interest payable on refunds and credit balances (credit rates)

February 28, 2023

The provincial government announced its 2023 Budget on February 28, 2023. Programs administered by the Income Taxation Branch are amended as a result. Learn more at B.C. Provincial budget tax changes.

February 25, 2023

Another B.C. affordability credit will be included with the April 2023 B.C. climate action tax credit payment. We’ve also made our B.C. climate action tax credit information easier to read.

February 14, 2023

Interest rates (%) have been updated for January to March 2023 for:

• Interest charged on overdue balances and late payments (debit rates)
• Interest payable on refunds and credit balances (credit rates)

January 26, 2023

For the purposes of the clean buildings tax credit, a calculator is now available to help you determine the building's energy use intensity values. The calculator is a downloadable Microsoft Excel workbook (XLSM, 121KB). 

January 16, 2023

The B.C. 2023 personal income tax brackets and rates and basic credits are now available on our website. Information about tuition and education credits has been updated for clarity.

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Corporate income tax and tax credits

September 26, 2023

The natural gas tax credit has updated interest rates (%) on overdue balances and refunds for October to December 2023.

January 6, 2023

Bulletin CIT 008, British Columbia Book Publishing Tax Credit (PDF) has been incorporated into web content. You can find the webpage at Book publishing tax credit.

Please update your bookmarks to the new location on our website.

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Insurance taxes

September 26, 2023

Insurance premium tax has updated interest rates (%) on overdue balances and refunds for October to December 2023.

May 18, 2023

As announced for Budget 2023, to learn about your options for filing and paying insurance premium tax, see:

• File and pay your insurance taxes for licensed insurance
• File and pay your insurance taxes for unlicensed insurance

Penalties and interest for insurance premium tax are updated. To learn more, see Penalties and interest for insurance tax. 

Penalties and interest for logging tax are also updated. To learn more, see Penalties and interest for logging tax. 

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Logging tax

September 26, 2023

Logging tax has updated interest rates (%) on overdue balances and refunds for October to December 2023.

May 18, 2023

As announced for Budget 2023, to learn about your options for filing and paying insurance premium tax, see:

• File and pay your insurance taxes for licensed insurance
• File and pay your insurance taxes for unlicensed insurance

Penalties and interest for insurance premium tax are updated. To learn more, see Penalties and interest for insurance tax. 

Penalties and interest for logging tax are also updated. To learn more, see Penalties and interest for logging tax. 

December 6, 2022

More information about how to certify a retrofit for the clean buildings tax credit is now available. The online forms for this process will be available April 2023.

December 1, 2022

Insurance agents must submit requests for refunds on behalf of clients individually, not with a batch of Returns of Unlicensed Insurance.
FIN 529, Insurance Agency Summary Report, has been updated to reflect this change. 

Learn more about how to request a refund for insurance premium tax. 

November 18, 2022

The B.C. government announced a B.C. affordability credit paid with the B.C. climate action tax credit payment for January 2023.

October 6, 2022

Bulletin GEN 002, Appeals (PDF, 160KB) and the Can you appeal? page have been revised to update the appeal deadline information for insurance premium tax and logging tax, as a result of Budget 2022.

September 26, 2022

Interest rates (%) have been updated for October to December 2022 for:

• Interest charged on overdue balances and late payments (debit rates)
• Interest payable on refunds and credit balances (credit rates)

September 7, 2022

The provincial government is providing a temporary benefit enhancement for the B.C. family benefit (previously called the B.C. child opportunity benefit). The enhancement provides up to $175 per child for the period January 2023 to March 2023 (up to $58.33 per month). Learn more about the B.C. family benefit.

The provincial government also announced a one-time enhanced B.C. climate action tax credit payment for October 2022. Learn more about the climate action tax credit.

July 22, 2022

Information about the production services tax credit has been updated to reflect new proposed legislative measures. These changes affect production companies that first incurred accredited B.C. labour expenditures between July 1, 2020 and February 21, 2022. Learn more and see examples:

• Production services tax credit
• Production services tax credit frequently asked questions

July 19, 2022

The B.C. climate action tax credit page has been updated with the payment amounts and income threshold amounts for the July 2022 to June 2023 benefit year.

July 13, 2022

A new Clean Buildings Tax Credit Regulation has been enacted. Information about the clean buildings tax credit and calculating energy use intensity has been updated to:

• Add prescribed energy conversion factors
• Clarify information about qualified persons, heating degree days and determining EUI if your building has parts that are different types

June 28, 2022

Interest rates (%) have been updated for July to September 2022 for:

• Interest charged on overdue balances and late payments (debit rates)
• Interest payable on refunds and credit balances (credit rates)

April 13, 2022

Interest rates (%) have been updated for April to June 2022 for:

• Interest charged on overdue balances and late payments (debit rates)
• Interest payable on refunds and credit balances (credit rates)

April 6, 2022

The BC child opportunity benefit web page has been updated to include adjusted family net income thresholds for payments made for July 2022 to June 2023.

February 22, 2022

The provincial government announced its 2022 Budget on February 22, 2022. Programs administered by the Income Taxation Branch are amended as a result. Learn more at B.C. Provincial budget tax changes.

February 8, 2022

Interest rates (%) have been updated for January to March 2022 for:

• Interest charged on overdue balances and late payments (debit rates)
• Interest payable on refunds and credit balances (credit rates)

January 20, 2022

The following tax credit pages have been updated for clarity:

• Film and television tax credit
• Film and television tax credit frequently asked questions
• Production services tax credit
• Production services tax credit frequently asked questions

August 5, 2021

The Increased Employment Incentive web content has been updated to provide further clarification on how the credit is calculated.

April 20, 2021

The provincial government announced its 2021 Budget on April 20, 2021. Programs administered by the Income Taxation Branch are amended as a result. Learn more at B.C. Provincial budget tax changes.

March 30, 2021

Applications for the B.C. increased employment incentive are now open online and will close on December 31, 2021.

Visit the B.C. increased employment incentive webpage to learn more about:

• Which employers are eligible for the credit
• How to calculate the credit amount
• What you need to apply

March 19, 2021

The following tables have been revised to include updated information about the programs eligible for the training tax credit. 

• Table of Eligible Programs and Completion Requirements for Apprentices (PDF, 256KB)
• Table of Eligible Programs and Completion Requirements for Employers (PDF, 267KB)

March 11, 2021

The provincial government proposed extending the B.C. book publishing tax credit by five years.

Learn more about the B.C. book publishing tax credit.

September 17, 2020

As part of B.C.’s COVID-19 Economic Recovery Plan, government announced the B.C. Increased employment incentive, a tax credit for employers who create new jobs for B.C. workers or increase the payroll for existing low- or medium-income employees in the last quarter ending December 31, 2020.

September 4, 2020

As part of our COVID-19 supports, the deadline to claim the following tax credits for claims required to be made March 13, 2020 or later is extended to six months from the original due date or to December 31, 2020, whichever is earlier:

• book publishing tax credit
• film and television tax credit
• production services tax credit
• interactive digital media tax credit
• mining exploration tax credits (personal)
• mining exploration tax credits (corporate)
• scientific research and experimental development tax credit
• training tax credit for employers

The B.C. mining flow-through share (B.C. MFTS) tax credit eligibility period is being extended from 24 months to 36 months for 2019 and 2020 flow-through share purchases. This is the eligibility period during which an expenditure must be incurred by the issuer in order to be renounced in favour of flow-through shares. This extension aligns the eligibility period for the B.C. MFTS tax credit with the temporary federal timelines for flow-through shares. 

May 28, 2020

B.C. logging tax returns due between the periods of March 18, 2020 to August 31, 2020 are now due September 1, 2020.

May 21, 2020

The Federal government announced benefit payments will continue for an additional three months for those who are not able to file their 2019 income tax returns on time. This will also apply to the enhanced B.C. climate action tax credit payment for July 2020 and the B.C. Early Childhood Tax Benefit payments for July 2020 to September 2020.

April 2, 2020

In response to the B.C. government's COVID-19 action plan, the B.C. climate action tax credit web content has been updated to include details about a one-time enhanced July 2020 payment.

March 23, 2020

Effective immediately, the B.C. government has introduced tax changes to assist in the response to COVID-19. Learn more at COVID-19 action plan - provincial tax changes.

March 9, 2020

The B.C. Taxpayer Fairness and Service Code is now available online.

February 18, 2020

The provincial government announced its 2020 Budget on February 18, 2020. Programs administered by the Income Taxation Branch are amended as a result. Learn more at B.C. Provincial budget tax changes.

January 2, 2020

The Natural gas tax credit website has been updated to:

• Explain how to calculate the cost of natural gas for the Natural Gas Tax Credit
• Include the new Natural Gas Tax Credit Application form (FIN 515)
• Include an Annual Cost of Natural Gas Worksheet template

March 26, 2019

The Bill 10 - Income Tax Amendment Act, 2019 proposes to implement a natural gas tax credit for liquefied natural gas development in B.C. Learn more about the proposed natural gas tax credit.

February 19, 2019

The provincial government announced its 2019 Budget today. Programs administered by the Income Taxation Branch are amended as a result. Learn more at B.C. Provincial Budget Tax Changes.

August 23, 2018

Use the BC Logging Tax information sheet to find out if you must complete and file the Logging Tax Return of Income (FIN 542S).

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.

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

Bulletin PIT 001, BC 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 2016-003, BC 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 2016-004, Personal 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 002, Appeals, 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 2015-005, B.C.’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 002, Appeals, have been updated to make it easier for you to find the information you need.

Form FIN 298, Appeal 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 2015-001, BC 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 2015-002, Personal 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 638, Application for Clearance, has been revised to reflect these changes.

October 21, 2014

The Province introduced the Liquefied Natural Gas Income Tax Act today. The legislation includes an amendment to B.C.'s Income Tax Act to 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 001, BC 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 013, Training Tax Credit for Employers, has been revised to include updated information about the programs eligible for training tax credits.

Bulletin PIT 002, Training 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 2014-001, BC 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 2014-002, Personal 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 2014-001, Notice 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 001, Insurance Premium Tax for Taxable Insurers, has been revised to include updated information on preparing tax returns.

July 23, 2013

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

Bulletin CIT 013, Training 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 002, Appeals, 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 001, Insurance 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 2013-001, BC 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 2013-002, Personal 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 196, Application 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.