BC book publishing tax credit

Tax credit for British Columbia book publishers

The book publishing tax credit program applies to book publishing corporations that carry out business primarily in B.C. Eligible book publishers may receive a credit of up to 90% of the base amount of Support for Publishers contributions received in the tax year.

1. Verify eligibility as a Canadian-controlled corporation operating primarily through a permanent establishment in B.C. with book publishing as the principal business and receipt of Support for Publishers contributions under the Canada Book Fund before April 1, 2026 2. Calculate the tax credit amount, up to 90% of the base amount of Support for Publishers contributions received in the tax year 3. Prepare supporting documentation, including evidence of the base amount received and any other required documents to substantiate the claim 4. Complete the T2 Corporation Income Tax Return, entering the base amount of Support for Publishers contributions on line 886 and the amount of the credit being claimed on line 665 of Schedule 5, Tax Calculation Supplementary - Corporations 5. Submit the completed T2 Corporation Income Tax Return with the claimed tax credit to the Canada Revenue Agency no later than 18 months after the end of the tax year in which the contributions were received