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Updates to income taxes

Last updated on March 5, 2025

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Personal income tax and tax credits

March 4, 2025

The provincial government announced its 2025 Budget on March 4, 2025. Programs administered by the Income Taxation Branch are amended as a result. Learn more at B.C. Provincial budget tax changes.

January 15, 2025

The B.C. renter's tax credit page has been updated with the income threshold amounts for the 2024 and 2025 tax years.

See previous years in Archived tax updates.

Corporate income tax and tax credits

March 4, 2025

The provincial government announced its 2025 Budget on March 4, 2025. Programs administered by the Income Taxation Branch are amended as a result. Learn more at B.C. Provincial budget tax changes.

January 6, 2025

The natural gas tax credit has updated interest rates (%) on overdue balances and refunds for January to March 2025.

See previous years in Archived tax updates.

Insurance taxes

January 6, 2025

Insurance premium tax has updated interest rates (%) on overdue balances and refunds for January to March 2025.

See previous years in Archived tax updates.

Logging tax

January 6, 2025

Logging tax has updated interest rates (%) on overdue balances and refunds for January to March 2024.

See previous years in Archived tax updates.

BC home flipping tax

January 16, 2025

The BC home flipping tax web pages have been updated to clarify the treatment of gifts of residential property and provide additional information on the definition of related individuals. Additional information has also been added about the foreclosure exemption.

January 6, 2025

The BC home flipping tax has updated interest rates (%) on overdue balances and refunds for January to March 2025.

January 1, 2025

The BC home flipping tax return is now available. The BC home flipping tax pages have been updated to include information on how to file a return and how to pay the tax.

See previous years in Archived tax updates.