Open
Source verified October 3, 2026
Foreign tax credit
Provincial tax relief for foreign income taxes
Funding available
Varies by project
Deadline
Open continuously
Location
Canada
Overview
Foreign tax credit supports eligible corporations in British Columbia that pay taxes to another country on foreign non-business income. It reduces provincial tax otherwise payable for foreign tax paid on that income, with calculations governed by the provincial Income Tax Act.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- No objectives are currently available
Eligible Funding
- Varies by project
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Availability timeline
2026
Periods: 1
Official resources
Eligibility
Who is eligible?
- Eligible corporations
Eligible expenses
- Taxes paid to another country on foreign non-business income.
How to apply
- Claim the credit when filing your T2 Corporation Income Tax Return.
- Enter the amount of the B.C. foreign tax credit on line 650 of Schedule 5, Tax Calculation Supplementary – Corporations.
Additional information
- The Income Tax Act (B.C.) applies, including Section 14(3) to 14(5.2).
Contacts
Frequently Asked Questions about the Foreign tax credit Program
What is the Foreign tax credit?
Foreign tax credit supports eligible corporations in British Columbia that pay taxes to another country on foreign non-business income. It reduces provincial tax otherwise payable for foreign tax paid on that income, with calculations governed by the provincial Income Tax Act.
What is the deadline to apply?
The program is accepting continuous intake
Who is eligible for the Foreign tax credit program?
To be eligible for the Foreign tax credit program, you must:
The applicant must be an eligible corporation that pays taxes to another country on foreign non-business income.
Who can I contact for more information about the Foreign tax credit?
You can contact Government of British Columbia (BC) or by phone at 1-800-959-5525.
Where is the Foreign tax credit available?
The Foreign tax credit program is available across Canada.
Who are the financial supporters of the Foreign tax credit?
Foreign tax credit is funded by Government of British Columbia (BC)