Updates to income taxes
Last updated on April 3, 2025Not subscribed for tax updates yet? Sign up here.
On this page
- Personal income tax and tax credits
- Corporate income tax and tax credits
- Insurance taxes
- Logging tax
- BC home flipping tax
Personal income tax and tax credits
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.
See previous years in Archived tax updates.
Corporate income tax and tax credits
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.
See previous years in Archived tax updates.
Insurance taxes
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.
See previous years in Archived tax updates.
Logging tax
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.
See previous years in Archived tax updates.
BC home flipping tax
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.