tax-credits-other-tax-credits

In addition to the material covered in this course, we put together this grid for you to take a look at with information about other tac credits that you can find in Canada:

Loans and Capital Investments in the province of B.C.

Entity 

Program

Description 

website 

Government of British Columbia, Ministry of Finance

Tax credit for investment in BC small business

Individuals and corporate investors can get a tax refund of 30% when they invest in a British Columbia small business that has registered as an Eligible Business Corporation.

https://www2.gov.bc.ca/gov/content/employment-business/investment-capital/venture-capital-programs/eligible-business-corporation?utm_source=bbf-orae&utm_medium=website&utm_campaign=FTF&utm_term=business_benefits_finder-outil_recherche_aide_aux_entreprises

Government of British Columbia, Creative BC

Tax credit for BC film, television, animation and visual effects production

Canadian-controlled production companies can get a tax credit, starting at 35%, for labour costs incurred in British Columbia during film, television, digital animation and visual effects production.

https://www.creativebc.com/programs/tax-credits/film-incentive-bc/?utm_source=bbf-orae&utm_medium=website&utm_campaign=FTF&utm_term=business_benefits_finder-outil_recherche_aide_aux_entreprises

Government of British Columbia, Ministry of Finance

British Columbia apprentice training tax credit for employers

Organizations that employ apprentices enrolled Industry Training Authority programs get 20% to 50% up to $6,000 in enhanced tax credits.

https://www2.gov.bc.ca/gov/content/taxes/income-taxes/corporate/credits/training/employer?utm_source=bbf-orae&utm_medium=website&utm_campaign=FTF&utm_term=business_benefits_finder-outil_recherche_aide_aux_entreprises

Government of British Columbia, Ministry of Finance

Tax credit for British Columbia book publishers

Companies get a credit equal to 90% of the base amount of Support for Publishers contributions they receive in the tax year.

https://www2.gov.bc.ca/gov/content/taxes/income-taxes/corporate/credits/book-publishing?utm_source=bbf-orae&utm_medium=website&utm_campaign=FTF&utm_term=business_benefits_finder-outil_recherche_aide_aux_entreprises

Government of British Columbia, Ministry of Finance

Tax credit for R&D in British Columbia

Tax credit of 10% for scientific research and experimental development expenditures in British Columbia. Refundable for expenditures under $3 million.

https://www2.gov.bc.ca/gov/content/taxes/income-taxes/corporate/credits/scientific-research-development?utm_source=bbf-orae&utm_medium=website&utm_campaign=FTF&utm_term=business_benefits_finder-outil_recherche_aide_aux_entreprises

Government of Canada, Canadian Heritage

Labour tax credit for film or video production in Canada

Tax credit of 16% on salaries and wages paid to Canadian residents working on a film or video production in Canada.

https://www.canada.ca/en/canadian-heritage/services/funding/cavco-tax-credits/film-video-production-services.html?utm_source=bbf-orae&utm_medium=website&utm_campaign=FTF&utm_term=business_benefits_finder-outil_recherche_aide_aux_entreprises

Government of Canada, Canada Revenue Agency

Small business tax credit

Get a reduced tax rate if you own a Canadian-controlled private corporation with revenues of less than $500,000.

https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-budgets/budget-2018-equality-growth-strong-middle-class/passive-investment-income/small-business-deduction-rules.html?utm_source=bbf-orae&utm_medium=website&utm_campaign=FTF&utm_term=business_benefits_finder-outil_recherche_aide_aux_entreprises

Government of Canada, Canada Revenue Agency

Tax credit for hiring apprentices

Get a non-refundable tax credit equal to 10% of the salaries and wages paid to your apprentices, up to a maximum of $2,000/year for each apprentice.

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-41200-investment-tax-credit/apprenticeship-job-creation-tax-credit.html?utm_source=bbf-orae&utm_medium=website&utm_campaign=FTF&utm_term=business_benefits_finder-outil_recherche_aide_aux_entreprise

Suggested Prompts

How do these various tax credits impact the decision-making process for small businesses or investors when considering new projects or locations in British Columbia?

In what ways might the availability of specific tax credits, like those for R&D or film production, influence the industry development and economic growth within British Columbia?

What criteria or requirements must companies meet to qualify for these different tax credits, and how might the application process vary between programs?

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Introduction

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Introduction: What is Non Dilutive Funding?

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Introduction: Resources

Loans available in Canada

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Loans Available in Canada: Resources

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Loans Available in Canada: RBCx

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Loans Available in Canada: TIMIA Capital

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Loans Available in Canada: Clear.Co

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Loans Available in Canada: Canada Small Business Financing Program (CSBFP)

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Loans Available in Canada: WeBC - Loans for Young Women Entrepreneurs in British Columbia

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Loans Available in Canada: Other Loans (list)

BDC

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BDC: Introduction

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BDC: Technology Financing

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BDC: Small Business Loan

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BDC: Newcomer Entrepreneur

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BDC: Other Services

Tax Credits

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Tax Credits: Scientific Research and Experimental Development (SR&ED)

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Tax Credits: Interactive Digital Media Tax Credit (IDMTC)

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Tax Credits: Other Tax Credits

Talent

Grants

Other Sources Available in Canada