BC book publishing tax credit

Q: How much funding can be received?

BC book publishing tax credit Funds up to 90% of admissible expenses.

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Is the BC book publishing tax credit a grant, loan, or tax credit?

BC book publishing tax credit is a Tax Credits

Q: Who are the financial supporters of the BC book publishing tax credit?

BC book publishing tax credit is funded by Government of British Columbia, BC Ministry of Finance

Q: Who is eligible for the BC book publishing tax credit program?

To be eligible for the BC book publishing tax credit program, you must: • Must be a Canadian-controlled corporation carrying on business primarily through a permanent establishment in B.C. with book publishing as the principal business. • Must receive a base amount of Support for Publishers contributions under the federal Canada Book Fund before April 1, 2026.

Q: Who can I contact for more information about the BC book publishing tax credit?

You can contact Government of British Columbia by email at itbtaxquestions@gov.bc.ca or by phone at 1-866-317-0473.

Q: Where is the BC book publishing tax credit available?

The BC book publishing tax credit program is available the province of BC.

Last Update: July 22, 2025

BC, Canada

Tax credit for British Columbia book publishers

At a glance

Eligible Funding

Up to 90% of project cost

Timeline

Closing date : April 1, 2026

Financing Type

Tax Credits

Eligible Industries

Information and cultural industries

Funds Providers

Unspecified

Program status

Open

Overview

Companies get a credit equal to 90% of the base amount of Support for Publishers contributions they receive in the tax year.

Financing terms and conditions

This tax credit provides refundable financial support to qualifying book publishing corporations in British Columbia by leveraging federal contributions. It aims to enhance the financial stability of the regional book publishing industry while supporting growth and sustainability.

Refundable tax credit up to 90% of the base Support for Publishers contributions received in the tax year.
The tax credit is applied against the total income tax payable before a refund is issued.
There are no provisions for carry-back or carry-forward of the credit.

Activities funded

Examples of admissible projects:

$ 20,700

Developing an interactive digital platform for educational books

$ 18,000

Launching a subscription-based journal for literary critiques

$ 11,700

Publishing a collection of poetry by local authors

$ 12,600

Translating a series of French novels into English

$ 13,500

Launching a new series of science fiction novels

Eligibility

Eligibility for the book publishing tax credit is determined by specific criteria related to the corporation's business operations and control structure.

The corporation must be a Canadian-controlled corporation, defined under sections 26 to 28 of the Investment Canada Act.
The principal business of the corporation must be book publishing.
The corporation must offer books for retail sale, enter into contractual agreements with authors or copyright holders, and assume financial risks associated with book production and marketing.
The corporation must carry on business primarily through a permanent establishment in B.C., meaning it has a permanent establishment only in B.C. or pays more than 50% of its salaries and wages to employees of permanent establishments in B.C. during the taxation year.
The corporation must receive a base amount of Support for Publishers contributions under the federal Canada Book Fund before April 1, 2026.
The corporation must not be exempt from tax under section 27 of the Income Tax Act.
The corporation must not be controlled directly or indirectly by persons who are exempt under section 27 of the Income Tax Act or Part I of the Income Tax Act (Canada).

Who is eligible?

To apply for the Book Publishing Tax Credit, you must be a Canadian-controlled book publishing corporation doing business primarily in British Columbia. Eligibility requires:- Canadian-controlled corporation status as per the Investment Canada Act.- Principal business activity in book publishing offering books for retail, entering contracts with authors, and assuming production and marketing risks.- Business operations primarily through a permanent establishment in B.C. with over 50% of salaries paid to B.C. employees during the tax year.- Receipt of Support for Publishers contributions under the Canada Book Fund before April 1, 2026.Entities exempt from tax under section 27 of the Income Tax Act or controlled by such exempt organizations are ineligible.

Who is not eligible

This tax credit is not available to certain companies based on their tax status or control structure. Specifically, companies that are tax-exempt or controlled by tax-exempt individuals are not eligible.

Companies exempt from tax under section 27 of the Income Tax Act.
Companies controlled directly or indirectly by persons who are exempt under section 27 of the Income Tax Act or Part I of the Income Tax Act (Canada).

Eligible expenses

The book publishing tax credit supports the activities of Canadian-controlled book publishing corporations operating primarily in British Columbia. These activities are directly related to the business of book publishing and include the following:

Offering books for retail sale.
Entering into contractual agreements with authors or copyright holders.
Assuming financial risks associated with the production and marketing of books.

Eligible geographic areas

This grant applies to book publishing corporations that primarily operate within a designated geographical area. Eligible locations are confined to ensure that the benefits of the program are locally targeted.

Businesses with a permanent establishment located exclusively within British Columbia (B.C.), Canada.
Corporations where more than 50% of employee salaries and wages are paid in British Columbia (B.C.), Canada.

How to apply

Verify Eligibility

Ensure you are a Canadian-controlled corporation operating through a permanent establishment in B.C. with a principal business of book publishing.
Confirm receipt of the base amount of Support for Publishers contributions under the federal Canada Book Fund.

Calculate the Tax Credit

Determine the credit you may claim, taking up to 90% of the base amount received under the Support for Publishers contributions.

Prepare Supporting Documentation

Compile evidence of the receipt of the base amount and any other required documentation to substantiate your claim.

Complete T2 Corporation Income Tax Return

Fill out the T2 Corporation Income Tax Return form.
Enter the base amount of Support for Publishers contributions on line 886.
Enter the amount of the credit you are claiming on line 665 of Schedule 5, Tax Calculation Supplementary - Corporations.

Submit the Application

Submit the completed T2 Corporation Income Tax Return with the claimed tax credit to the Canada Revenue Agency (CRA) by the deadline, which is no later than 18 months after the end of the tax year in which you received the contributions.

Additional information

Book publishing tax credit provides financial support to Canadian-controlled book publishing corporations in B.C. adhering to specific eligibility criteria.

The credit is available until April 1, 2026.
Claim must be filed within 18 months of receiving Support for Publishers contributions.
Deadline extension for claims required between March 13, 2020 and December 30, 2020 until December 31, 2020.
The credit must first be applied against total income tax payable.
No carry-back or carry-forward provisions for the tax credit.

Contacts

itbtaxquestions@gov.bc.ca

1-866-317-0473

Apply to this program

Frequently Asked Questions about the BC book publishing tax credit Program

Here are answers to the most common questions about the BC book publishing tax credit. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.