Income Tax Section - 2015
To Receive Updates
Each time we change the information on our website, we record that change on this page. This lets you see at a glance what changes have been made.
You will need Acrobat Reader installed on your computer to view some of these files, which are in PDF. Acrobat Reader is available as a free download for use on your personal or office computer.
Select a month:
July 23, 2015
Bulletin GEN 002, Appeals, has been revised to remove reference to the Residential Energy Credit and Rebate Program and Hotel Room Tax.
July 21, 2015
Bulletin PIT 001, BC Mining Flow-Through Share Tax Credit, has been revised to reflect the new expiry date of December 31, 2015 and update information about the CRA forms required.
June 26, 2015
Notice 2015-005, BC’s Film and Television Tax Credits Clarified, is a new notice that clarifies BC’s regional and distant location film and television tax credits for animated productions.
June 5, 2015
The Liquefied Natural Gas Income Tax (LNGIT) regulations are now available.
The LNGIT regulation provides information on computing the cost of natural gas notionally acquired at an LNG facility inlet meter, gives circumstances in which a bond may not be required, sets out factors considered in determining the amount of the bond, provides how to compute interest on amounts payable and prescribes credits that are not financial incentives for the purposes of the LNGITA.
The Bonding Act regulation is also amended to include the LNGITA and sets out the types of security that can be posted as a bond.
New information is available about transportation costs allowable and not allowable in determining natural gas notionally acquired at an LNG facility inlet meter, and how feedstock pipeline inlets will be designated in determining the costs of natural gas notionally acquired at an LNG facility inlet meter.
The Natural Gas Tax Credit regulation has been added to the Income Tax Act. The regulation allows for a natural gas tax credit of up to a total of 3 percent of the cost of natural gas acquired at the LNG facility inlet meter.
March 25, 2015
The Province introduced the Liquefied Natural Gas Income Tax Amendment Act, 2015 today. The legislation adds administrative provisions to the Liquefied Natural Gas Income Tax and also amends the Natural Gas Income Tax Credit in B.C.'s Income Tax Act.
Check out the new LNG Income Tax website at www.gov.bc.ca/lngincometax
February 17, 2015
The provincial government announced its 2015 Budget today. Programs administered by the Income Taxation Branch are amended as a result. Learn more at B.C. Provincial Budget Tax Changes.
February 3, 2015
The Appeals webpages and Bulletin GEN 002, Appeals, have been updated to make it easier for you to find the information you need.
Form FIN 298, Appeal to Minister, is a new form you can use to file an appeal related to an assessment, disallowed refund or other decision made by the Ministry of Finance.
January 29, 2015
Government recently announced its intention to extend the B.C. mining flow-through share tax credit to the end of 2015, to support investment in mining exploration. See the news release here.
January 27, 2015
Information Sheet 2015-001, BC Basic Personal Income Tax Credits: 2005 - 2013. This information sheet lists previous years' basic personal income tax credits. Current year basic tax credits can be found on our website at gov.bc.ca/incometaxes
Information Sheet 2015-002, Personal Income Tax Rates: 2005 - 2013. This information sheet lists previous years' personal income tax rates. Current rates can be found on our website at gov.bc.ca/incometaxes
January 2, 2015
Government recently announced its intention to extend B.C.’s training tax credit program for an additional three years to the end of 2017, providing refundable income tax credits for B.C. apprentices and their employers.