Tax Credits – Manufacturing and Processing Tax Credit

The Manufacturing and Processing tax credit is a 3% non-refundable investment tax credit for purchases after March 31, 2000 and before July 31, 2001 of B.C. qualified property to be used primarily for manufacturing and processing.

You may no longer file a claim for the British Columbia Manufacturing and Processing tax credit. However, you may be able to claim unused credits that were carried forward for up to 10 years after the tax year in which they were earned.

For more information, please see Bulletin CIT 001, British Columbia Manufacturing and Processing Tax Credit and our Manufacturing and Processing Tax Credit Frequently Asked Questions.

Claiming the credit

To claim unused credits under the carry-forward rules, complete Schedule 426, British Columbia Manufacturing and Processing Tax Credit and file it with your
T2 Corporation Income Tax Return. Enter the amount of the credit you are claiming on line 660 of Schedule 5, Tax Calculation Supplementary - Corporations.

Legislation