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Canada | British Columbia budget 2025-26

06 March 2025

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Tax Alerts, Provincial/State & Local...

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Canada

British Columbia's fiscal 2025-26 budget, tabled on 4 March 2025, includes several tax measures and projects a deficit of CA$10.9b.The business income tax measures include amendments to the basic Film Incentive BC tax credit, the basic production services tax credit, the existing regional and distant location supplemental tax credits, and the interactive digital media tax credit. Also, a new major film or video production tax credit is proposed.The budget also announces the extension of the new mine allowance under the Mineral Tax Act and regulations by five years, until the end of 2030. On 4 March 2025, British Columbia Finance Minister...