British Columbia Scientific Research and Experimental Development Tax Credit
Tax creditBritish Columbia
A provincial tax credit for qualifying corporations that incur British Columbia-qualified expenditures in scientific research and experimental development. Canadian-controlled private corporations (CCPCs) and eligible Canadian public corporations (ECPCs) may claim a refundable credit of 10% of qualified expenditures up to the expenditure limit, with a non-refundable credit available for excess amounts.
What you'll need
- British Columbia Scientific Research and Experimental Development Tax Credit (T666) form
- T2 Corporation Income Tax Return
- Documentation of BC-qualified SR&ED expenditures
- Proof of Canadian-controlled private corporation (CCPC) or eligible Canadian public corporation (ECPC) status