Tax Credits – Qualifying Environmental Trust Tax Credit

A corporation that is a beneficiary of a qualifying environmental trust located in British Columbia may be eligible for this credit.

The credit is fully refundable, but must first be applied against total income tax payable. There are no carry-back or carry-forward provisions.

Claiming the credit

The credit is claimed when filing your T2 Corporation Income Tax Return. Enter the amount of the credit you are claiming on line 670 of Schedule 5, Tax Calculation Supplementary – Corporations.

Please see the British Columbia qualifying environmental trust tax credit page on the Canada Revenue Agency website for more information on claiming this credit.

Legislation