Corporate
Income Tax
The
Income Tax Act levies provincial income tax on corporations that maintain
a permanent establishment in British Columbia at anytime during a
taxation year.
British Columbia corporate income taxes are administered by the Ministry of Small Business and Revenue in conjunction with the Canada Revenue Agency. The Province of British Columbia does not issue a separate corporate income tax business number or require a separate provincial corporate income tax return to be filed. Corporations complete a federal tax return T2 – Corporation Income Tax Return and either a Schedule 427 BC Corporation Tax Calculation or a Schedule 5 Tax Calculation Supplementary-Corporations.
For
information on provincial income tax for individuals
see
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