Tax CreditBritish ColumbiaAll

BC Book Publishing Tax Credit

The book publishing tax credit program applies to book publishing corporations that carry out business primarily in B.C.

Eligible book publishers may receive a credit of up to 90% of the base amount of Support for Publishers contributions received in the tax year.

Offered by Province of British Columbia

Amount

Refundable credit of up to 90% of the base amount of Support for Publishers contributions received in the tax year

Quick eligibility check

Years in business
No minimum stated
Employees
No limit stated
Revenue
No limit stated
Legal structure
Incorporated
Location
British Columbia

Who can apply

The book publishing tax credit program applies to book publishing corporations that carry out business primarily in B.C.

You can claim this refundable tax credit if:

  1. You’re a Canadian-controlled corporation carrying on business primarily through a permanent establishment in B.C. with book publishing as your principal business, and
  2. You receive a base amount of Support for Publishers contributions under the federal Canada Book Fund

You’re a book publishing corporation if you’re a corporation whose principal business is book publishing and you:

  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

Carrying on business primarily through a permanent establishment in B.C. means:

  1. You have a permanent establishment only in B.C., or
  2. More than 50% of your salaries and wages are paid to employees of British Columbian permanent establishments for the tax year

You’re a Canadian-controlled corporation if you’re described in sections 26 to 28 of the Investment Canada Act.

About the funding

Eligible book publishers may receive a credit of up to 90% of the base amount of Support for Publishers contributions received in the tax year.

Other supplementary amounts paid under the Support for Publishers program are not included in the base amount for the book publishing tax credit, even if those supplements are calculated on your base amount.

The credit is fully refundable but must first be applied against the total income tax payable. There are no carry-back or carry-forward provisions.

Claimed through the Canada Revenue Agency on your corporate tax return.