B.C. Manufacturing and Processing Investment Tax Credit
Tax creditBritish ColumbiaUp to $300,000
A refundable provincial tax credit for Canadian-controlled private corporations that acquire new buildings, machinery, and equipment for manufacturing and processing operations in British Columbia. Eligible expenditures incurred between April 1, 2026 and March 31, 2036 can claim a credit of 15% (declining to 0% by 2036), up to $2 million per corporation or associated group.
What you'll need
- T2 Corporation Income Tax Return
- Documentation of eligible property acquisition and availability for use
- Capital cost records for buildings, machinery, and equipment
- Evidence of federal accelerated capital cost allowance election (for buildings)
- Documentation of any government or non-government assistance received