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ARCHIVED - 5010-N Completing Your British Columbia Forms

Table of Contents

• Form BC428, British Columbia Tax
• Step 3 - British Columbia tax
• Step 4 - British Columbia tax adjustments
• Form BC479, British Columbia Credits
  • Sales tax credit
  • Venture capital tax credit
  • Mining exploration tax credit

The information in this section will help you complete Form BC428, British Columbia Tax, and Form BC479, British Columbia Credits. It will also provide details about British Columbia credits and will help you determine whether you are entitled to claim any or all of them.

The term spouse used on these forms is defined on page 11 in the General Income Tax and Benefit Guide.

The term end of the year means December 31, 2000, the date you left Canada if you emigrated in 2000, or the date of death for a person who died in 2000.

Form BC428, British Columbia Tax

Complete Form BC428 if you were a resident of British Columbia at the end of the year.

You also have to complete Form BC428 if you were a non-resident of Canada in 2000 and you earned income from employment in British Columbia, or received income from a business with a permanent establishment in British Columbia.

If you had income from a business with a permanent establishment outside British Columbia, complete Form T2203, Provincial and Territorial Taxes for 2000 - Multiple Jurisdictions, before you complete Form BC428, British Columbia Tax.

If you paid royalties to the province of British Columbia in 2000, you have to complete Form T81, British Columbia Royalty and Deemed Income Rebate (Individuals), to calculate your rebate or additional British Columbia tax resulting from the royalties paid.

Step 3 - British Columbia tax

Before you complete Step 3, be sure to complete Step 1 and Step 2 as you will need this information to calculate your British Columbia tax.

Line 14 - British Columbia tax on split income

Certain income of a child who was under 18 on December 31, 2000, is subject to a special tax. For details on the types of income to which this tax applies, see page 14 in the General Income Tax and Benefit Guide.

If you are under 18 and have to pay tax on split income, complete Part 2 of Form T1206, Tax on Split Income, to calculate the provincial tax that applies to this income. Form T1206 also contains a special rule that applies to the amount you enter on line 428 of your return.

Line 23 - B.C. additional tax for minimum tax purposes

If you have to pay minimum tax as calculated on Form T691, Alternative Minimum Tax, you will also have to determine your British Columbia additional tax for minimum tax purposes. To do this, complete Form T1219, Provincial Alternative Minimum Tax, and enter the calculated amount on line 23 of Form BC428.

You can find information about minimum tax on page 37 in the General Income Tax and Benefit Guide.

Lines 27 and 28 - British Columbia surtax

If the amount on line 26 of Form BC428 is more than $5,300, you have to complete the British Columbia surtax calculation.

If you have dependants, you may be able to reduce your British Columbia surtax.

Line 30 - Dependent spouse reduction

Claim $50 if you claimed a spousal amount on line 303 of your return.

Line 31 - Spousal equivalent reduction

Claim $50 if you claimed an equivalent-to-spouse amount on line 305 of your return.

Line 32 - Dependant reduction

Enter in Box 6025 the number of dependants. Include each dependant for whom you claimed an amount on line 306 of your return.

Also include each dependent child born in 1983, or later, whom you did not claim on line 305 of your return, if all of the following conditions apply:

• you are the parent (legal or in fact) of the child;
• the child lived with you in 2000;
• the child was resident in Canada;
• no one is claiming the spousal amount (line 303) for the child; and
• no one received a special allowance under the Children's Special Allowances Act for the child.

Claim $50 for each of these dependants.

You cannot share the claim on line 32 with another person.

Step 4 - British Columbia tax adjustments

Complete Step 4 to claim the British Columbia supplementary credits, logging tax credit, political contribution tax credit, and the employee investment tax credits, if applicable.

Line 41 - British Columbia logging tax credit

If you have logging operations in British Columbia on which British Columbia logging tax is payable for 2000, you may be able to claim this credit.

Enter your credit (shown on Form BCFIN 542) on line 41.

Lines 43 and 44 - British Columbia political contribution tax credit

You can deduct part of the contributions you made in 2000 to political parties or constituency associations registered in British Columbia, or to candidates in an election to the British Columbia legislature.

How to claim

Enter your total contributions on line 43 of Form BC428.

Determine the amount to enter on line 44 as follows:

• For contributions of $100 or less, complete Column 1 below.
• For contributions of more than $100 but not more than $550, complete Column 2 below.
• For contributions of more than $550 but not more than $1,150, complete Column 3 below.
• For contributions of more than $1,150, enter $500 on line 44 of Form BC428.

	Column 1	Column 2	Column 3
Enter your total contributions				A
	- 0	- 100.00	- 550.00	B
Line A minus line B	=	=	=	C
	× 75 %	× 50 %	× 33.33 %	D
Multiply line C by the rate on line D	=	=	=	E
	+ 0	+ 75.00	+ 300.00	F
Line E plus line F	=	=	=	G
Enter the result on line 44 on BC428.

Receipts - Attach to your paper return official receipts signed by an official of the recognized political party or constituency association, or the candidate's agent. If you are using NETFILE, keep your receipts in case we ask to see them.

Line 46 - British Columbia employee share ownership plan tax credit

You can claim this credit if you acquired shares under a registered British Columbia employee share ownership plan (ESOP) at any time in 2000 (and did not claim them on your 1999 return), or in the first 60 days of 2001. Your Form ESOP 20 shows the date you bought your shares under "Investment date."

If you bought shares under an employee share ownership plan, and you want to know if the plan is registered under the Employee Investment Act, ask your employer.

Enter on line 46 of Form BC428 the "Tax credit amount" shown on Form ESOP 20.

Include these forms with your paper return. If you are using NETFILE, keep them in case we ask to see them.

Line 47 - British Columbia employee venture capital tax credit

You can claim this credit if you acquired or irrevocably subscribed and paid for shares from a registered British Columbia employee venture capital corporation (EVCC) at any time in 2000 (and did not claim them on your 1999 return), or in the first 60 days of 2001.

Your Form EVCC 30 shows the date you bought your shares under "Investment date."

Enter on line 47 of Form BC428, the "Tax credit amount" shown on Form EVCC 30.

Include these forms with your paper return. If you are using NETFILE, keep them in case we ask to see them.

If you bought shares from a registered EVCC, you are also eligible for a federal tax credit. For details, see lines 413 and 414 in the General Income Tax and Benefit Guide.

If you have questions about the employee venture capital tax credit, contact the employee venture capital corporation that issued your shares, your stockbroker, or your investment advisor.

Line 48 - Total ESOP and EVCC tax credits

The maximum total ESOP and EVCC tax credits that you can claim on your 2000 return is $2,000.

The ESOP and EVCC tax credits that you do not claim in a year are not refundable, and you cannot carry them forward to future years.

If you bought ESOP or EVCC shares in the first 60 days of 2001, you can claim the tax credit on your 2000 or 2001 return, or you can divide the credit between these two returns.

Keep a record of how you claim your tax credit. Write on the certificate the credit you are claiming on your 2000

return and the credit you will claim on your 2001 return. Similarly, when you file your 2000 paper return, attach a photocopy of the original certificate that shows the breakdown of your credit between your 1999 and 2000 returns.

Form BC479, British Columbia Credits

Sales tax credit

You can claim this credit if, on December 31, 2000, you were a resident of British Columbia and you met any of the following conditions:

• you were 19 years of age or older;
• you had a spouse; or
• you were a parent.

If you had a spouse on December 31, 2000, you and your spouse have to decide which one of you will claim the sales tax credit for both of you. A spouse does not include an individual claimed for an equivalent-to-spouse amount on line 305 of your return.

Only one claim can be made for each individual.

You cannot claim this credit if, on December 31, 2000, you were confined to a prison or a similar institution and were there for more than six months during 2000.

Do not claim this credit on a return for a person who died in 2000.

The sales tax credit is for low-income families and individuals. If you had a spouse on December 31, 2000, and your net family income was $23,000 or more, do
not complete the sales tax credit calculation. If you
were single, separated, widowed or divorced on December 31, 2000, and your net income was $17,500 or more, do not complete the sales tax calculation.

Venture capital tax credit

If you acquired shares from a registered British Columbia venture capital corporation (VCC) at any time in 2000, you can claim this credit up to a maximum of $60,000 in 2000. Your Form VCC 10 shows the date you bought your shares under "Investment date."

Enter on line 11 of Form BC479, the "Tax credit amount" shown on Form VCC 10.

Include these forms with your paper return. If you are using NETFILE, keep them in case we ask to see them.

For questions about the venture capital tax credit, contact the venture capital corporation that issued your shares, your stockbroker, or your investment advisor.

Line 12 - Unused venture capital tax credit from previous years

Any unused venture capital tax credit from previous years is shown on your 1999 Notice of Assessment. Enter this amount on line 12 of Form BC479. We will show any amount available to carry forward to 2001 on your 2000 Notice of Assessment.

Mining exploration tax credit

You can claim this refundable tax credit if you were resident in British Columbia at the end of the year, and you incurred qualified mining exploration expenses in the province in 2000.

The expenses must have been incurred for determining the existence, location, extent, or quality of a mineral resource in British Columbia.

Enter on line 14 of Form BC479, the tax credit amount calculated on Form T88, BC Mining Exploration Tax Credit.

Include Form BC479 and Form T88 with your paper return. If you are using NETFILE, keep them in case we ask to see them.

Date modified:

2002-11-30