Tax Credits – Logging Tax Credit

If you pay logging tax to British Columbia on income earned from logging operations for the year, you can claim a British Columbia Logging Tax Credit.

The credit is equal to one-third of the logging tax paid as indicated on form FIN 542, Logging Tax Return of Income.

This is a non-refundable tax credit. There are no carry-forward or carry-back provisions for any unused credit for a tax year.

For more information on the Logging Tax Credit, please contact the Canada Revenue Agency (opens in new window).

For information on logging tax, please see our Logging Tax pages.

Claiming the Credit

The credit is claimed when filing your T1 Income Tax Return. Enter the amount of the credit you are claiming on Form BC428.

Legislation