Tax CreditBritish ColumbiaWorking Capital
Provincial Farm Land Tax Credit
The provincial farm land tax credit reduces the amount of school tax you pay by 50%. If you qualify, you will automatically receive the credit on your property tax notice.
Offered by Ministry of Finance
Amount
Reduces the amount of school tax you pay by 50%
Quick eligibility check
Years in business
No minimum stated
Employees
No limit stated
Revenue
No limit stated
Legal structure
No requirement stated
Location
British Columbia
Who can apply
To qualify for the credit your property must be classified as Farm (class 9). If you believe your property is not classified correctly, contact BC Assessment.
About the funding
The provincial farm land tax credit reduces the amount of school tax you pay by 50%. If you qualify, you will automatically receive the credit on your property tax notice.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Farmers’ Food Donation Corporate Income Tax Credit | Tax Credit | 25 percent of the eligible amount of a farming corporationās qualifying gifts for the tax year (non-refundable income tax credit) | Open |
| Natural Gas Tax Credit | Tax Credit | Up to 3% of the cost of natural gas notionally acquired at an LNG facility inlet meter for a major LNG facility for the tax year, plus unused credit carried forward. The claim is capped at the least of that amount, the B.C. corporate income tax payable after other B.C. credits, or the amount that reduces B.C. corporate income tax to what a 9% general rate would give. In effect this is up to 3% of B.C. taxable income subject to the general rate. | Open |
| Qualifying Environmental Trust Tax Credit | Tax Credit | No fixed amount | Open |
| Canadian Film or Video Production Tax Credit (CPTC) | Tax Credit | Fully refundable tax credit at 25% of the qualified labour expenditure (labour capped at 60% of total production cost net of assistance), so a maximum of 15% of the total cost of production net of assistance, per production | Open |
