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"Point in Time" Regulation Content

Income Tax Act

Political Contributions Regulations

B.C. Reg. 343/95

NOTE: Links below go to regulation content as it was prior to the changes made on the effective date. (PIT covers changes made from September 19, 2009 to "current to" date of the regulation.)
SECTIONEFFECTIVE DATE
Section 1 September 20, 2020
Section 2 September 20, 2020
October 23, 2023
Section 3 September 20, 2020
October 23, 2023
Section 4 September 20, 2020
October 23, 2023
Section 5 September 20, 2020

 Section 1 definition of "receipt" BEFORE amended by BC Reg 262/2020, effective September 20, 2020.

"receipt" means a receipt issued under section 20 of the Income Tax Act by a financial agent for a registered political party, registered constituency association or candidate.

 Section 2 (2) (e) BEFORE amended by BC Reg 262/2020, effective September 20, 2020.

(e) the name and address of the person making the political contribution including, in the case of an individual, the given names of the individual;

 Section 2 (1) and (2) (part) BEFORE amended by BC Reg 223/2023, effective October 23, 2023.

(1) Receipts must be printed with sequential serial numbers.

(2) A receipt and every copy of a receipt issued for a political contribution must clearly indicate the following:

 Section 2 (2) (c), (d) and (g) BEFORE amended by BC Reg 223/2023, effective October 23, 2023.

(c) the amount of the political contribution;

(d) the date on which the political contribution was received;

(g) in the case of a contribution to a candidate,

(i) the name of the candidate, and

(ii) the election in which the individual is a candidate, identified by electoral district and general voting day;

 Section 3 (1) (part) BEFORE amended by BC Reg 262/2020, effective September 20, 2020.

(1) A receipt is not valid for the purposes of section 20 of the Income Tax Act

 Section 3 (1) (b) BEFORE amended by BC Reg 223/2023, effective October 23, 2023.

(b) if

(i) the day on which the political contribution was received,

(ii) the year in which the political contribution was received, or

(iii) the amount of the contribution

is incorrectly or illegibly entered on the receipt.

 Section 4 (1) (a) BEFORE amended by BC Reg 262/2020, effective September 20, 2020.

(a) the original must be provided to the taxpayer for attachment to the taxpayer's tax return;

 Section 4 (1) BEFORE amended by BC Reg 223/2023, effective October 23, 2023.

(1) Receipts must have at least 2 parts, to be distributed as follows:

(a) the original must be provided to the individual for attachment to the individual's tax return;

(b) one copy must be retained by the financial agent;

(c) if applicable, other copies must be dealt with in accordance with the Election Act.

 Section 5 BEFORE amended by BC Reg 262/2020, effective September 20, 2020.

5   A receipt for an eligible political contribution by the spouse of a taxpayer may be used by the taxpayer as an eligible political contribution of the taxpayer.