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Friday, April 16 2021

As part of B.C.’s Economic Recovery Plan, the Ministry of Finance has opened applications for two new programs to help corporations recover from the financial impacts of COVID-19.

  1. The B.C. Increased Employment Incentive is a one-time refundable tax credit for employers which encourages the creation of new jobs for B.C. workers or increases in payroll for existing low- or middle-income employees in the last quarter ending December 31, 2020.

    For more information, including eligibility requirements and access to the application, visit gov.bc.ca/employertaxcredit
  2. The B.C. PST Rebate on Select Machinery and Equipment is a temporary provincial sales tax (PST) program that acts like a refund but is separate from the existing PST Refund process.

    For more information, including eligibility requirements and access to the application, visit gov.bc.ca/corporatePSTrebate
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Bloom Accounting Services
New Westminster
Chilliwack
Canada
604.218.5119
info@bloomaccounting.ca

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