BC Book Publishing Tax Credit
No fixed amount
Tax Credit
Description:
The Book Publishing Tax Credit program applies to book publishing corporations that carry out business primarily in B.C.
Comments on Funding:
Continuous Intake
Eligibility:
Applicants must:
1. be Canadian-controlled corporations carrying on business primarily through a permanent establishment in B.C. with book publishing as their principal business, and
2. receive a base amount of Support for Publishers contributions under the federal Canada Book Fund before April 1, 2026.
Eligible book publishing corporations:
1. offer books for retail sale,
2. enter into contractual agreements with authors or copyright holders, and
3. assume the financial risks associated with the production and marketing of the books,
4. carry on business primarily through a permanent establishment in B.C., which means:
a) having a permanent establishment only in B.C., or
b) more than 50% of your salaries and wages are paid to employees of British Columbian permanent establishments for the taxation year,
c) being Canadian-controlled corporations if they’re described in sections 26 to 28 of the Investment Canada Act.
You’re not eligible for the tax credit if you’re:
Exempt from tax under section 27 of the Income Tax Act, or
Controlled directly, or indirectly, by persons who are exempt under section 27 of the Income Tax Act or Part I of the Income Tax Act (Canada)
Application Steps:
Applicants can claim the credit when they file their T2 Corporation Income Tax Return.
Documentation Needed:
Applicants must submit their T2 Corporation Income Tax Return.
Other Things to Note:
About the author
Maurice
