Vol. 67, No. 9 – B.C. Reg. 100/2024

Volume 67, No. 9
100/2024

The British Columbia Gazette, Part II
May 21, 2024

B.C. Reg. 100/2024, deposited May 13, 2024, under the INCOME TAX ACT [section 8.1]. Order in Council 245/2024, approved and ordered May 13, 2024.

On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that the Climate Action Tax Credit Regulation, B.C. Reg. 135/2008, is amended as set out in the attached Schedule.

— K. CONROY, Minister of Finance; R. FLEMING, Presiding Member of the Executive Council.

Schedule

1 Section 3 of the Climate Action Tax Credit Regulation, B.C. Reg. 135/2008, is repealed and the following substituted:

Prescribed amounts for climate action tax credit for 2022 and subsequent taxation years

3 (1) The amount prescribed for the purposes of paragraph (a) of the description of "total credits" in section 8.1 (3) of the Act is as follows:

(a) in respect of a specified month for the 2022 taxation year, $447;

(b) in respect of a specified month for the 2023 and subsequent taxation years, $504.

(2) The amount prescribed for the purposes of paragraphs (b) and (c) of the description of "total credits" in section 8.1 (3) of the Act is as follows:

(a) in respect of a specified month for the 2022 taxation year, $223.50;

(b) in respect of a specified month for the 2023 and subsequent taxation years, $252.

(3) The amount prescribed for the purposes of paragraph (d) of the description of "total credits" in section 8.1 (3) of the Act is as follows:

(a) in respect of a specified month for the 2022 taxation year, $111.50;

(b) in respect of a specified month for the 2023 and subsequent taxation years, $126.

(4) The amount prescribed for the purposes of paragraph (a) of the description of "deduction" in section 8.1 (3) of the Act is as follows:

(a) in respect of a specified month for the 2022 taxation year, $39 115;

(b) in respect of a specified month for the 2023 and subsequent taxation years, $41 071.

(5) The amount prescribed for the purposes of paragraph (b) of the description of "deduction" in section 8.1 (3) of the Act is as follows:

(a) in respect of a specified month for the 2022 taxation year, $50 170;

(b) in respect of a specified month for the 2023 and subsequent taxation years, $57 288.

Index Page | Previous Regulation | Next Regulation | Cumulative Index Page