ARCHIVED - Information for Residents of British Columbia

5010-PC

If you have a visual impairment, you can get our publications in Braille, large print, or etext (CD or diskette), or on audio cassette or MP3. For details, visit our About multiple formats page or call 1-800-959-2221.


All the information you need to calculate your British Columbia (BC) tax and credits can be found in the publication called Completing your British Columbia forms.

Complete the following forms that apply to you: Form BC428, British Columbia Tax, and Form BC479, British Columbia Credits, and attach a copy to your return.

What's new for 2006?

The income levels and most of the non-refundable tax credits used to calculate your provincial income tax have changed.

The calculation for the British Columbia dividend tax credit has changed and can be found on the Provincial Worksheet.

The Universal Child Care Benefit income has been removed from the net family income used to calculate the sales tax credit.

Form BC428, British Columbia Tax, and Form BC479, British Columbia Credits, reflect these changes.

BC Family Bonus

The BC Family Bonus program includes the basic Family Bonus and the BC Earned Income Benefit. This program provides non-taxable monthly payments to help low- and modest-income families with the cost of raising children under age 18. Benefits are combined with the Canada Child Tax Benefit (CCTB) into one monthly payment.

Basic Family Bonus

The Basic Family Bonus is calculated based on the number of children in the family and family net income.

BC Earned Income Benefit

Families whose earned income is more than $3,750 may also be entitled to the BC Earned Income Benefit. The maximum monthly benefit a family may receive is dependent on the number of children in the family. Families with net income exceeding $21,480 may receive a reduced benefit.

There is no need to apply separately to get payments under the BC Family Bonus. We will use the information from your CCTB application to determine your eligibility for the program.

File your tax return - You (and your spouse or common-law partner) should file your 2006 tax return(s) as soon as possible. The information you give on your return(s) will determine how much you will get starting in July 2007.

This program is fully funded by the Province of British Columbia. For more information, call 1-800-387-1193.

If you have questions…

If you need more help about British Columbia tax and credits after you read the publication called Completing your British Columbia forms, call the Canada Revenue Agency (CRA) at 1-800-959-8281.

To get forms, visit the CRA Forms and publications page or call 1-800-959-2221.

Page details

Date modified: