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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.
The B.C. renter's tax credit page has been updated with the income threshold amounts for the 2024 and 2025 tax years.
See previous years in Archived tax updates.
The natural gas tax credit has updated interest rates (%) on overdue balances and refunds for April to June 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.
The natural gas tax credit has updated interest rates (%) on overdue balances and refunds for January to March 2025.
See previous years in Archived tax updates.
Insurance premium tax has updated interest rates (%) on overdue balances and refunds for April to June 2025.
Insurance premium tax has updated interest rates (%) on overdue balances and refunds for January to March 2025.
See previous years in Archived tax updates.
Logging tax has updated interest rates (%) on overdue balances and refunds for April to June 2025.
Logging tax has updated interest rates (%) on overdue balances and refunds for January to March 2024.
See previous years in Archived tax updates.
The BC home flipping tax has updated interest rates (%) on overdue balances and refunds for April to June 2025.
The How to calculate your BC home flipping tax web page has been updated to clarify the calculation examples.
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.
The BC home flipping tax has updated interest rates (%) on overdue balances and refunds for January to March 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.