British Columbia political contribution tax credit

You can claim a tax credit on contributions made to recognized British Columbia political parties, recognized British Columbia constituency associations, or to candidates for an election to the Legislative Assembly of British Columbia, as follows:

• 75% of the first $100 contributed;
  plus
• 50% of the next $450 contributed;
• plus
  33 1/3% of the amount contributed that is more than $550, to a maximum credit of $500.

Claiming the credit

On line 896 of Schedule 5, Tax Calculation Supplementary - Corporations, enter the total amount of qualifying contributions, and on line 653, enter the amount of the credit you are claiming.

For more information about this credit, see section 20 of the British Columbia Income Tax Act.

Receipts - You do not have to file official receipts with the return. However, keep them in case we ask for them later. We can accept photocopies only if the issuer certifies them as true copies.

Forms and publications

• Schedule 5, Tax Calculation Supplementary - Corporations

Government partners

• British Columbia (provincial site)