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Use this form to calculate your British Columbia credits.
31 gru 2023 · Line 47900. – Provincial or territorial credits. If, on December 31, 2023, you were a resident of: Newfoundland and Labrador, Nova Scotia, Ontario, Manitoba, Saskatchewan, British Columbia, Yukon, Northwest Territories, or Nunavut. Complete Form 479 to calculate your provincial or territorial credits. Attach a copy of the form to your paper ...
4 lip 2024 · The B.C. climate action tax credit is a quarterly payment that helps offset the impact of the carbon taxes paid by individuals and families. Budget 2024 increased the B.C. climate action tax credit amounts and thresholds effective July 1, 2024.
Claiming the credit. You claim the sales tax credit when you file your T1 Income Tax Return, by using the British Columbia Credits form (BC479). The credit is refundable to the extent it exceeds your income tax payable. You must claim the credit within 3 years after the end of the tax year.
In most provinces, the tax credit for the political contribution is claimed on Form 428 as a non-refundable tax credit. In Ontario and Nunavut, the tax credit is refundable, and is claimed on Form 479.
If you're eligible for credits and deductions that are unique to your province of residence, you'll enter your info here, in the provincial section of your return.
Refundable tax credits (ON, NU) are calculated on Form 479, and claimed on the T1 (Income Tax and Benefit Return). The QC tax credit is calculated on Work Chart 414 and claimed on the QC tax return line 414.
