Closed
Source verified July 9, 2026
Recovery Benefit (Part 15, Income Tax Act, RSBC 1996, c.215)
Eligible tax relief for BC individuals
Latest source updateLast Update: July 9, 2026Latest change: The Recovery Benefit text now shows expanded eligibility for eligible corporations, including eligible Canadian public corporations, instead of only Canadian-controlled private corporations.View change
Latest source update
Last Update: July 9, 2026
Latest change: The Recovery Benefit text now shows expanded eligibility for eligible corporations, including eligible Canadian public corporations, instead of only Canadian-controlled private corporations.
Recovery Benefit eligibility expanded
The Full Multi version of the Income Tax Act now shows broader eligibility for the refundable SR&ED tax credit: it applies to eligible corporations instead of only Canadian-controlled private corporations. It also adds a new definition of eligible corporation, including eligible Canadian public corporations, and changes the expenditure-limit reference used in the credit calculation; the page currency date is now June 30, 2026.
Funding available
$ 10 - $ 1,000
Deadline
June 30, 2021
Location
British Columbia, Canada
Overview
Recovery Benefit is a BC tax benefit for eligible individuals, offering $500 or $1,000 under Part 15 of the Income Tax Act. It applies to residents who met the statutory age, filing, and household rules, including some recipients of income assistance, a Provincial senior's supplement, disability assistance, or hardship assistance.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Reduce environmental footprint
- Renovate or adapt facilities
Eligible Funding
- Maximum amount : 1,000 $
- Minimum amount : 10 $
Funds Providers
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
- Persons with Disabilities
- Canadians
- Youth (<40)
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Official resources
Eligibility
Who is eligible?
- Individuals.
- Individuals who are eligible under the statutory residency, age, filing, or assistance rules for the Recovery Benefit.
Who is not eligible
- Trusts.
- Individuals described in section 149(1)(a) or (b) of the federal Act on December 18, 2020.
- Individuals who were deceased before December 18, 2020.
- Individuals confined to a prison or similar institution for at least 90 days that includes December 18, 2020.
How to apply
- File an application for the recovery benefit with the commissioner.
- If you have a cohabiting spouse or common-law partner who is a qualified relation on December 18, 2020, claim that person as your qualified relation in the application.
- File the application in the form and manner, and with the information, required by the commissioner.
- File the application on or before June 30, 2021.
Processing and Agreement
- The commissioner must examine the application and other filed information or records and determine eligibility and the amount of the recovery benefit.
- The commissioner may redetermine eligibility or the amount of the recovery benefit.
- The commissioner must send a notice of determination after deciding eligibility and, if eligible, the amount of the recovery benefit, subject to the stated exceptions.
- If the commissioner determines eligibility, an overpayment is deemed to have arisen and the Provincial minister must pay the amount out of the consolidated revenue fund.
Additional information
- Recipients under section 241(1) must file a notice if certain income changes or qualified-relation changes would reduce the benefit.
- The commissioner is not bound by the application or other information or records supplied when determining the benefit.
Contacts
Frequently Asked Questions about the Recovery Benefit (Part 15, Income Tax Act, RSBC 1996, c.215) Program
What is the Recovery Benefit (Part 15, Income Tax Act, RSBC 1996, c.215)?
Recovery Benefit is a BC tax benefit for eligible individuals, offering $500 or $1,000 under Part 15 of the Income Tax Act. It applies to residents who met the statutory age, filing, and household rules, including some recipients of income assistance, a Provincial senior's supplement, disability assistance, or hardship assistance.
How much funding can be received?
Recovery Benefit (Part 15, Income Tax Act, RSBC 1996, c.215) Funds up to $1,000 of admissible expenses.
Who is eligible for the Recovery Benefit (Part 15, Income Tax Act, RSBC 1996, c.215) program?
To be eligible for the Recovery Benefit (Part 15, Income Tax Act, RSBC 1996, c.215) program, you must:
The individual must be resident in British Columbia on December 18, 2020.
The individual must meet the statutory age and household conditions on December 18, 2020.
The individual must have a 2019 tax filing history or qualify through the January or February 2021 assistance rules.
Who can I contact for more information about the Recovery Benefit (Part 15, Income Tax Act, RSBC 1996, c.215)?
You can contact Government of British Columbia (BC) by email at none or by phone at none.
Where is the Recovery Benefit (Part 15, Income Tax Act, RSBC 1996, c.215) available?
The Recovery Benefit (Part 15, Income Tax Act, RSBC 1996, c.215) program is available the province of British Columbia.
Is the Recovery Benefit (Part 15, Income Tax Act, RSBC 1996, c.215) a grant, loan, or tax credit?
Recovery Benefit (Part 15, Income Tax Act, RSBC 1996, c.215) is a Tax Credits
Who are the financial supporters of the Recovery Benefit (Part 15, Income Tax Act, RSBC 1996, c.215)?
Recovery Benefit (Part 15, Income Tax Act, RSBC 1996, c.215) is funded by Government of British Columbia (BC)