Incentives and Tax Credits

Businesses in B.C. may qualify for a variety of attractive financial incentives. If you’re starting or expanding a business in B.C., find out how these programs could help you.

Incentives and credits for particular activities

Incentives, tax credits and other assistance can help companies involved in specific activities:

• Environmental Trusts – Claim a tax credit if your business is the beneficiary of a qualifying environmental trust located in B.C.
• Scientific Research and Experimental Development Tax Credit – Find out if your business qualifies for tax credits for your scientific research.
• Small Business Venture Capital Tax Credit – Reduce your taxes with a special tax credit if you make equity capital investments in B.C. small businesses.
• Training Tax Credit – Get a tax credit for apprenticeship programs if you are an apprentice or if you hire one.

Incentives and credits for particular industries

Businesses in certain industries may be eligible for targeted tax credits and incentives:

• Book Publishing Tax Credit – Claim a refundable tax credit if your business publishes books as a business operating primarily in B.C.
• Interactive Digital Media Tax Credit – Reduce salary and wage costs through a tax credit if you develop interactive digital media products in B.C.
• Film and Television Tax Credits – Claim special tax credits for film or video productions with Canadian content.
• Production Services Tax Credits – Receive tax credits for accredited film and video production corporations working in B.C.
• Logging Tax Credit – Reduce taxes on income earned from logging operations.
• Mining Allowances, Credits and Exemptions – Find a range of tax benefits to reduce the costs of conducting mining operations in B.C.
• Mining Exploration Tax Credit – Reduce the cost of mineral exploration in B.C. through a tax credit, including an enhanced rate if you explore areas affected by the mountain pine beetle.
• Oil and Gas Allowances, Credits and Exemptions – Reduce your royalties through a variety of special programs supporting oil and gas production in B.C.
• Shipbuilding and Ship Repair Industry Tax Credit – Hire apprentices in the B.C. shipbuilding and ship repair industry to receive a special tax credit.
• Technology - Apply for grants or funding with Innovate BC.
• Farmers' Food Donation Tax Credit – Receive a non-refundable tax credit (effective for the 2016 tax year and later) for donating an agricultural product you produce to a registered charity such as a food bank or school meal program.