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B.C. Reg. 135/2008
O.C. 391/2008
Deposited June 6, 2008
This consolidation is current to November 12, 2019.
Link to consolidated regulation (PDF)
Link to Point in Time

Income Tax Act

Climate Action Tax Credit Regulation

[includes amendments up to B.C. Reg. 118/2019, June 5, 2019]

Definition

1   In this regulation, "Act" means the Income Tax Act.

Prescribed amounts for climate action tax credit

2   (1) The amount prescribed for the purposes of paragraphs (a) to (c) of the description of "total credits" in section 8.1 (3) of the Act is

(a) in respect of a specified month for the 2007 taxation year, $100,

(b) in respect of a specified month for the 2008 and 2009 taxation years, $105,

(c) in respect of a specified month for the 2010 to 2016 taxation years, other than the specified month of April 2018, $115.50,

(d) in respect of the specified month of April 2018 or a specified month for the 2017 taxation year, $135,

(e) in respect of a specified month for the 2018 taxation year, $154.50,

(f) in respect of a specified month for the 2019 taxation year, $174, and

(g) in respect of a specified month for the 2020 taxation year and subsequent taxation years, $193.50.

(2) The amount prescribed for the purposes of paragraph (d) of the description of "total credits" in section 8.1 (3) of the Act is

(a) in respect of a specified month for the 2007 taxation year, $30,

(b) in respect of a specified month for the 2008 and 2009 taxation years, $31.50,

(c) in respect of a specified month for the 2010 to 2016 taxation years, other than the specified month of April 2018, $34.50,

(d) in respect of the specified month of April 2018 or a specified month for the 2017 taxation year, $40,

(e) in respect of a specified month for the 2018 taxation year, $45.50,

(f) in respect of a specified month for the 2019 taxation year, $51, and

(g) in respect of a specified month for the 2020 taxation year and subsequent taxation years, $56.50.

[am. B.C. Regs. 32/2010; 183/2010; 17/2018; 118/2019.]

[Provisions relevant to the enactment of this regulation: Income Tax Act, R.S.B.C. 1996, c. 215, s. 8.1.]