British Columbia book publishing tax credit
You can claim this credit if you receive a base amount of Publishing support contributions under the federal Canada Book Fund (CBF) before April 1, 2017.
The recipient must be a Canadian-controlled corporation carrying on business primarily through a permanent establishment in British Columbia with book publishing as its principal business.
You are eligible for a credit of 90% of the base amount of Publishing support contributions received in the tax year.
The credit is fully refundable, but must first be applied against total taxes payable. There are no carry-back or carry-forward provisions.
For more information about this credit, see Part 8 of the British Columbia Income Tax Act.
Claiming the credit
On line 886 of Schedule 5, Tax Calculation Supplementary – Corporations, enter the base amount of Publishing support contributions received in the tax year and on line 665, enter the amount of the credit you are claiming.
You must claim the credit no later than 18 months after the end of the tax year.
Forms and publications
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