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Make a Payment |
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Under the Logging Tax Act, if your instalment base (the amount of logging tax you owe for the year) is $2,000 or more, you are required to pay logging tax instalments based on the lesser of:
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the previous year's tax, or |
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the current year's estimated tax |
Instalments are to be paid as follows:
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one-half of the instalment base by the end of the tax year |
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one-quarter of the instalment base by the end of the third month following the year end |
The remaining tax payable is due with the Logging Tax Return six months after the tax year end.
If you are not required to make instalments, you must pay the entire balance of tax owing on or before the Logging Tax Return due date, six months after the tax year end.
A cheque or money order made payable to the Minister of Finance should accompany the return. Please see How to File for more information. |
Deemed Payment in the First Two Years of Operation |
If you made a deduction for a tax year under the Two Year Tax Holiday for New Small Businesses Program (Section 17 of the B.C. Income Tax Act), you are considered
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to have paid the amount of tax that would have been deductible as a provincial logging tax credit as if no deduction was made under the Two Year Tax Holiday for New Small Businesses Program, and |
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to have paid the amount of tax as of the logging tax return due date, six months after the tax year end. |
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We charge interest and penalties in accordance with the Logging Tax Act for failure to file and pay taxes on time. If you do not file by the due date, we charge a penalty of 10% of the amount of unpaid tax.
For late or deficient instalment payments or payments of the balance of tax owing, we charge interest at a rate of prime plus 3%. Please see our Interest Rates for more information.
Penalties will be waived if you make a voluntary disclosure, as described in Bulletin LTA 003, Voluntary Disclosure: The Logging Tax Act.
Interest and penalties may be waived or cancelled in whole or in part where they result from circumstances beyond your control. Please see Bulletin LTA 002, Waiver or Cancellation of Interest and Penalties for guidelines and examples of circumstances where cancelling or waiving interest or penalties may be warranted. |
Payment of an Outstanding Balance |
If you have an outstanding balance or you have received a Notice of Assessment and would like to pay, there are several ways you can pay your overdue Logging Tax:
- Pay in Person – Government Agents Office
- Pay in Person – Bank, Credit Union or Trust Company
- Pay by Money Order/Bank Drafts/Certified Cheque
- By Post-Dated Cheque
If you have any questions or concerns about your outstanding balance please see our Frequently Asked Questions or contact us.
Pay in Person – Government Agents Office
You can pay your bill in person at any Government Agent/B.C. Access Centre (opens a new window) using your bank card, personal cheque, cash or money order. Please note credit cards are not accepted.
Please bring your Notice of Assessment, Statement of Account or legal notice with you.
Pay in Person – Bank, Credit Union or Trust Company
You can pay your outstanding bill at most banks, credit unions, trust companies or automated tellers in B.C.
You must bring your complete Notice of Assessment or Statement of Account with you as your financial institution will need this information in order to process the payment.
Please note a fee for this service may be levied by your financial institution. These fees may vary between financial institutions.
Please be aware that smaller financial institutions may hold payments until a volume or dollar amount has been reached. Please confirm with your financial institution to ensure your payment will be processed by the due date indicated on your Notice of Assessment.
Pay by Money Order/Bank Draft/Certified Cheque
You can pay your bill by money order, bank draft, certified cheque or post-dated cheque.
Please write your account number in the memo area on the front of your cheque, money order or bank draft. You must include your original notice of assessment, Statement of Account or a copy of the legal notice with your payment.
Please make your payment payable to the Minister of Finance and mail to the following address — please do not mail cash:
Revenue Services of British Columbia
PO BOX 9401 STN PROV GOVT
VICTORIA BC V8W 9V1
Pay by Post-Dated Cheque
A payment arrangement must be made with the Collection Analyst or Officer looking after your account prior to submitting post-dated cheques.
Please contact the number listed on your Notice of Assessment or legal notice letter, or phone 1-866-361-5050.
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