Tax Credit
Logging Tax Credit
Corporations that have paid a logging tax to British Columbia on income earned from logging operations for the year can claim a British Columbia logging tax credit. The credit is equal to one-third of the logging tax paid indicated on form FIN 542, Logging Tax Return of Income.
- 4.5/5.0
- British Columbia. Finance
- All levels
- Last updated 1 month ago
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Description
Corporations that have paid a logging tax to British Columbia on income earned from logging operations for the year can claim a British Columbia logging tax credit. The credit is equal to one-third of the logging tax paid indicated on form FIN 542, Logging Tax Return of Income.- To support corporations in British Columbia