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September Budget Update 2009 – Income Taxes
For a brief description of the September 2009 budget update income tax changes, please see the September Budget Update 2009 – Tax Change Summary. For a summary explanation of all the September 2009 budget update tax changes, please see the 2009 Budget and Fiscal Plan Update.
Tax Change |
Sources |
- Small business limit increased
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- Basic Training Tax Credit for employers increased
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Tax Change |
Sources |
- BC Mining Flow–Through Share Tax Credit program extended
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- Basic personal, spousal and eligible dependant tax credits increased
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Budget 2009 – Income Taxes
For a list of February 2009 budget income tax changes, please see the Budget 2009 Tax Change Summary. For a summary explanation of all the February 2009 budget tax changes, please see the Budget and Fiscal Plan
For more information on each change, please see the documents and webpages linked below.
Tax Change |
Sources |
- Net paid up capital tax base clarified
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Tax Change |
Sources |
- BC Mining Flow–Through Share Tax Credit program extended
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- General corporate income tax rate reduced
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- Dividend Tax Credit reduced
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- Film and Television Tax Credit program broadened and extended
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- Production Services Tax Credit program extended
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- Logging Tax Credit partial remission
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International Financial Activity |
Tax Change |
Sources |
- 90 day amalgamation notification rule relaxed
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- List of prescribed patents expanded
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- Meaning of non–resident person clarified
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Historical Budget Bulletins |
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