Closed
Source verified July 11, 2026
B.C. Manufacturing and Processing Investment Tax Credit
Refundable tax relief for B.C. manufacturers
Funding available
Up to 15% of project cost
Deadline
Open continuously
Location
British Columbia, Canada
Overview
B.C. Manufacturing and Processing Investment Tax Credit offers qualifying corporations in British Columbia a refundable 15% credit to support manufacturing and processing industries. It applies to expenditures for new buildings, machinery, and equipment primarily used for manufacturing or processing goods for sale or lease.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase production or service capacity
- Increase operational productivity
- Optimize production processes
Eligible Funding
- Up to 15% of project cost
Eligible candidates
Eligible Industries
- All industries
Location
- British Columbia
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Manufacturing or processing goods for sale or lease in British Columbia
- Using eligible property primarily for manufacturing or processing operations in British Columbia
Documents Needed
- Return of income filed under section 29 for the taxation year
- Application for the tax credit in the form, and containing the information, required by the Commissioner of Income Tax
- Agreement allocating the limit to each associated qualifying corporation, if applicable
Official resources
Eligibility
Who is eligible?
- Qualifying corporations
Who is not eligible
- Corporations exempt from B.C. income tax
- Corporations controlled by an entity exempt from B.C. income tax
- Employee venture capital corporations
- Small business venture capital corporations
- Corporations of a type or class prescribed by regulation
Eligible expenses
- Expenditures to acquire eligible property, including buildings or parts of buildings, Class 43 equipment, Class 43 machinery, or prescribed property
- Amounts that form part of the capital cost of eligible property
How to apply
- Claim the credit with your T2 Corporation Income Tax Return.
- File an application for the tax credit in the form, and containing the information, required by the Commissioner of Income Tax, with the return of income filed under section 29.
- If applicable, file an agreement that allocates the limit to each associated qualifying corporation.
Processing and Agreement
- A corporation that has claimed and is eligible for the tax credit is deemed to have paid the amount of the credit on account of its tax payable under the Act.
- A corporation must repay the credit if, in the taxation year or any of the preceding 5 taxation years, it disposed of the eligible property, changed its use so it is no longer eligible, or removed the property from British Columbia.
Contacts
Frequently Asked Questions about the B.C. Manufacturing and Processing Investment Tax Credit Program
What is the B.C. Manufacturing and Processing Investment Tax Credit?
B.C. Manufacturing and Processing Investment Tax Credit offers qualifying corporations in British Columbia a refundable 15% credit to support manufacturing and processing industries. It applies to expenditures for new buildings, machinery, and equipment primarily used for manufacturing or processing goods for sale or lease.
How much funding can be received?
B.C. Manufacturing and Processing Investment Tax Credit Funds up to 15% of admissible expenses.
Who is eligible for the B.C. Manufacturing and Processing Investment Tax Credit program?
To be eligible for the B.C. Manufacturing and Processing Investment Tax Credit program, you must:
The applicant must be a Canadian-controlled private corporation (CCPC).
The corporation must have a permanent establishment in British Columbia at any time during the tax year.
The property must be used primarily for manufacturing or processing goods for sale or lease in British Columbia.
What expenses are eligible under B.C. Manufacturing and Processing Investment Tax Credit?
Manufacturing or processing goods for sale or lease in British Columbia
Using eligible property primarily for manufacturing or processing operations in British Columbia
Who can I contact for more information about the B.C. Manufacturing and Processing Investment Tax Credit?
You can contact BC Ministry of Finance by email at ITBTaxQuestions@gov.bc.ca or by phone at 1-877-387-3332.
Where is the B.C. Manufacturing and Processing Investment Tax Credit available?
The B.C. Manufacturing and Processing Investment Tax Credit program is available the province of British Columbia.
Is the B.C. Manufacturing and Processing Investment Tax Credit a grant, loan, or tax credit?
B.C. Manufacturing and Processing Investment Tax Credit is a Tax Credits