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All the information you need to calculate your British Columbia (BC) tax and credits can be found in the publication called Completing your British Columbia forms.

Complete the following forms that apply to you: Form BC428, British Columbia Tax, and Form BC479, British Columbia Credits, and attach a copy to your return.

What's new for 2007?

The rates, income levels and most of the non-refundable tax credits used to calculate your provincial income tax have changed.

There is a new non-refundable tax credit for British Columbia parents. They can claim up to $10,445 in expenses for adopting a child less than 18 years of age.

The rate for calculating the BC tax reduction has changed.

Individuals subject to alternative minimum tax are now eligible to claim a provincial foreign tax credit.

Qualified mining exploration expenses incurred after February 20, 2007 in prescribed Mountain Pine Beetle affected areas are eligible for an enhanced tax credit of 10%, in addition to the 20% BC mining exploration tax credit already available.

A new refundable training tax credit is now available for employees who met certain requirements in participating apprenticeship programs. Individuals who hired these employees may claim the training tax credit for employers.

Form BC428, British Columbia Tax, and Form BC479, British Columbia Credits, reflect these changes.

BC Family Bonus

The BC Family Bonus program includes the basic Family Bonus and the BC Earned Income Benefit. This program provides non-taxable monthly payments to help low- and modest-income families with the cost of raising children under 18 years of age. Benefits are combined with the Canada Child Tax Benefit into one monthly payment.

Basic Family Bonus

The Basic Family Bonus is calculated based on the number of children in the family and family net income.

BC Earned Income Benefit

Families whose earned income is more than $3,750 may also be entitled to the BC Earned Income Benefit. The maximum monthly benefit a family may receive depends on the number of children in the family. Families with net income exceeding $21,480 may receive a reduced benefit.

There is no need to apply separately to get payments under the BC Family Bonus. We will use the information from your Canada Child Benefits application to determine your eligibility for the program.

File your tax return - You (and your spouse or common-law partner) should file your 2007 tax return(s) as soon as possible. The information you give on your return(s) will determine how much you will get starting in July 2008.

This program is fully funded by the Province of British Columbia. For more information, call 1-800-387-1193 .

If you have questions…

If you need more help about British Columbia tax and credits after you read the publication called Completing your British Columbia forms, call the Canada Revenue Agency (CRA) at 1-800-959-8281 .

To get forms, visit the CRA Forms and publications page or call 1-800-959-2221 .