British Columbia book publishing tax credit
You can claim this credit if you are a recipient of a base amount of Publishing support contributions 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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