British Columbia political contribution tax credit
The British Columbia political contribution tax credit for corporations is only available for contributions made before November 30, 2017.
You can claim a tax credit on contributions made to registered British Columbia political parties, registered British Columbia constituency associations, or to candidates for an election to the Legislative Assembly of British Columbia.
The annual maximum credit is $500 and is calculated as follows:
- 75% of the first $100 contributed
- 50% of the next $450 contributed
- 33 1/3% of the next $600 contributed
For more information about this credit, see section 20 of the British Columbia Income Tax Act.
Claiming the credit
On line 896 of Schedule 5, Tax Calculation Supplementary – Corporations, enter the total amount of qualifying contributions, and on line 653, enter the amount of the credit you are claiming.
Receipts – You do not have to file official receipts with your return; however, keep them in case we ask for them later. We can accept photocopies only if the issuer certifies them as true copies.
Forms and publications
- British Columbia (provincial site)
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