British Columbia qualifying environmental trust tax credit

A corporation that is a beneficiary of a qualifying environmental trust located in British Columbia can claim a tax credit on income that is subject to tax under Part XII.4 of the federal Income Tax Act.

The credit will reduce the provincial tax otherwise payable for the tax year that includes the trust's tax year.

This credit is refundable, but must first be applied against total taxes payable. There are no carry-back or carry-forward provisions.

Claiming the credit

On line 670 of Schedule 5, Tax Calculation Supplementary - Corporations, enter the amount of the credit earned.

For more information about this credit, see section 25 of the British Columbia Income Tax Act.

Forms and publications

• Schedule 5, Tax Calculation Supplementary - Corporations

Government partners

• British Columbia (provincial site)