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Frequently Asked Questions
Questions:
FAQs by tax credit:
Answers:
What are the B.C. income tax rates? |
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Corporation income tax rates are expressed as a percentage of taxable income earned in the province. Please see our Tax Rates page for more information on current and past rates. |
Do I have to file a separate B.C. tax return? |
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No, you file a single combined federal and provincial income tax return. Forms to calculate your B.C. income tax are included with your T2 Corporation Income Tax Return. See How to File for more information. |
My business didn't earn a profit. Do I still need to file a return? |
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Yes. Corporations have to file every tax year even if there is no tax payable. |
I am having problems filling out the forms. Who should I call for assistance? |
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The Canada Revenue Agency (CRA) provides assistance in completing both the federal and provincial portions of income tax returns. They may be contacted at 1-800-959-5525. |
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