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What's New
Income Tax Section - 2007
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Each time we change the information on our website, we record that change on this page. This lets you see at a glance what changes have been made.
You will need Acrobat Reader installed on your computer to view some of these files, which are in PDF. Acrobat Reader is available as a free download for use on your personal or office computer.
Select a month:
[Dec] [Nov] [Oct] [Sept] [Aug] [July] [June] [May] [April] [Mar] [Feb] [Jan]
Dec 17, 2007:
Bulletin CIT 013, Training Tax Credits for Employers, is a new bulletin that provides specific information on the Training Tax Credits for employers. This program provides tax credits for salary and wages paid to an apprentice by employers who are individuals, corporations and active members of a partnership.
Bulletin PIT 002, Training Tax Credits for Apprentices, is a new bulletin that provides specific information on Training Tax Credits for apprentices. The program provides tax credits for individuals registered in an apprenticeship program through the Industry Training Authority.
A new brochure, British Columbia Training Tax Credit, has been issued to provide a general overview of the Training Tax Credit Program. Please click on one of the following links to view the printer friendly brochure or the colour brochure (This brochure is being updated for Budget 2008 and will be available shortly) .
Dec 5, 2007:
Personal Income Tax - 2008 Indexed Amounts
The 2008 personal income brackets and rates and the 2008 Non-Refundable Tax Credit Blocks have been announced.
Aug 10, 2007:
The corporation interim filing instructions and form are available for the Training Tax Credits. (MS Word document)
July 5, 2007:
Effective January 1, 2007, the programs eligible for the Training Tax Credits and the requirements to complete a level for each program are provided by regulation.
June 25, 2007:
Bulletin PIT 001, British Columbia Mining Flow-Through Share Tax Credit, has been rewritten to improve the clarity of the information for individual investors. Information for corporations has been removed from this bulletin and will be posted in a new bulletin shortly.

March 20, 2007:
Interest rates in effect from April 1, 2007 to June 30, 2007 have been announced. These rates are set quarterly. The interest rate charged on outstanding balances and late payments will be 9.0%. The interest rate we pay on overpayments will be 4.0%.
Feb 20, 2007:
The provincial government announced its 2007 Budget on February 20, 2007. Statutes administered by the Ministry of Small Business and Revenue are amended as a result.
- Budget Information
- Budget Bulletin 2007
Feb 7, 2007:
Waiver of the Time Period for Assessment (FIN 144), Notice of Revocation of Waiver (FIN 158), and Authorization (FIN 172) forms have been added for the Forest Revenue Audit Program.
January 04, 2007:
Personal Income Tax - 2007 Indexed Amounts
On February 20, 2007, the provincial government introduced legislation to reduce the British Columbia personal income tax rates.
See the 2007 and 2008 personal income tax rates.
If you subscribe to our update service, we will automatically e-mail you a link every time this page is updated. This will ensure you have up-to-date information without you having to remember to check our site.
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