Natural Gas Tax Credit
Tax creditBritish Columbia
A British Columbia corporate income tax credit that refunds a portion of B.C. corporate income tax paid by qualifying corporations that own natural gas after it passes through a liquefied natural gas (LNG) facility inlet meter for a major LNG facility. The credit is calculated at 3% of the cost of natural gas notionally acquired at an LNG facility inlet meter.
What you'll need
- NGTC account number registration
- Proof of qualifying corporation status
- Documentation of natural gas ownership and cost
- B.C. corporate income tax return
- LNG facility inlet meter records