About the International Business Activity (IBA) Program
The International Business Activity (IBA) program provides a refund of British Columbia income tax paid in respect of income earned in conducting an international business. An eligible corporation must register itself, and any specialists it employs, under the International Business Activity Act to qualify for the program.
Please click here for more information on specialists.
2011 Budget
The February 15, 2011 Budget proposes to allow Schedule III banks, and any specialists they employ, to qualify for the IBA program with respect to their international financial business, effective April 1, 2011. Schedule III banks are branches of foreign banks operating in Canada.
