British Columbia Credits

This for, relevant to British Columbia, calculates the Active Family Credit amount you may be able to claim

Enter the final figure on line 479 of your return

British Columbia Credits

Sales tax credit (for low-income families and individuals)
Note: If you had a spouse or common-law partner on December 31, 2023, only one of you can claim this credit for both of you.
If your adjusted family income is not more than $60,000, you can claim the active families benefit. Otherwise, enter "0" on line 7.
Income for the sales tax credit
		Column 1				Column 2
		You				Your spouse or common-law partner
Enter the net income amount from line 236 of the return.				1				1
Total of the universal child care benefit (UCCB) repayment (line 213 of the return) and the registered disability savings plan (RDSP) income repayment (included on line 232)		+		2		+		2
Add lines 1 and 2		=		3		=		3
Total of the UCCB income (line 117 of the return) and RDSP income (line 125 of the return)		-		4		-		4
Line 3 minus line 4 (if negative enter "0")		=		5		=		5
Add the amounts from line 5 in column 1 and column 2 (if applicable) and continue on line 7		Adjusted net family income						6
If you had a spouse or common-law partner on December 31, 2023, tick the box to enter $18,000. Otherwise $15,000 will be entered.								7
Line 6 minus line 7 (if negative enter "0")		Income for the sales tax credit				=		8

Basic sales tax credit			Claim $75	6033			9
Additional credit for your spouse or common-law partner			Claim $75	6035	+		10
Add lines 9 and 10					=		11
Amount from line 8		x 2% =			-		12
Line 11 minus line 12 (if negative enter "0")		Sales tax credit			=		13

British Columbia seniors' home renovation tax credit
If on December 31, 2023, you and your spouse or common-law partner occupied separate principal residences for medical reasons, claim the seniors' home renovation tax credit individually and tick box 6089.			6089
Enter your home renovation expenses from line 5 of your Schedule BC(S12).	(maximum $10,000)	6048			x 10% =	+		14

British Columbia venture capital tax credit
Enter your venture capital tax credit from Certificate SBVC 10 for shares acquired in 2023.		6049			•15
Enter your venture capital tax credit from Certificate SBVC 10 for shares purchased during the first 60 days of 2016 that you elect to claim in 2023.		6050	+		•16
Enter your unused venture capital tax credit from previous years shown on your most recent notice of assessment or notice of reassessment.			+		17
Add lines 15, 16, and 17.	(maximum $60,000)		=		►	+		18
British Columbia mining exploration tax credit
Enter your mining exploration tax credit from Form T88.					6051	+		19
Enter your mining exploration tax credit allocated from a partnership from Form T88.		6053			20
Add lines 13, 14, 18, and 19.						=		21

British Columbia training tax credit
Enter the amount from line21								22
Enter your training tax credit for individuals from Form T1014.		6055			23
Enter the amount from line 4 of Form T1014-1, British Columbia Training Tax Credit (Employers).		6056	+		•24
Enter the amount from line 4 of Form T1014-2, British Columbia Shipbuilding and Ship Repair Industry Tax Credit (Employers).		6063	+		•25
Add lines 23, 24, and 25.			=		►	+		26
Add lines 22 and 26. Enter the result on line 479 of your return.		British Columbia credits				=		27