British Columbia offers the international business community a well-educated, cosmopolitan population, a world-class financial and trade infrastructure and a gateway location between North America and Asia. Download the brochure.
British Columbia: Competitive Taxes
British Columbia has one of the most competitive tax jurisdictions in the world. Locating an international business in British Columbia can increase a company’s profits even further through lower taxes available under the IBA program.
Download the brochure.
Registration: International Business Activity (IBA) Program
To qualify for the IBA program, an eligible corporation must register with the Ministry of Finance under the International Business Activity Act (IBAA) and with AdvantageBC as a core member. An international business is defined as: 1) international financial business; 2) international patent business; 3) international film distribution business. Download the brochure.
Tax Incentive Brochures
Qualifying activities are international in nature—one side of the transaction must be conducted with, for, or on behalf of a non-resident to be eligible for the International Business Activity (IBA) tax incentive program.
By establishing an international business (IB) in British Columbia, a company can receive a full refund of the British Columbia taxes paid on the net income of the IB (75% refund for patent income).
The International Business Activity Act (IBAA), passed and implemented by the Province of British Columbia in 2004, provides the legislative framework for the tax incentive.
- A Tax Incentive for International Business (.pdf 2.77 mb)
- A Tax Incentive for Resource Companies and Large Exporters (.pdf 3.88 mb)
- A Tax Incentive for Investment Management (.pdf 1.5 mb)
- A Tax Incentive for Captive Insurance (.pdf 452 kb)
- A Tax Incentive for International Financial Services (.pdf 1.88 mb)
- A Tax Incentive for International Film Distribution (.pdf 1.12 mb)
- A Tax Incentive for Patented Technology: Life Sciences and Green Technology (.pdf 1.07 mb)
- A Tax Incentive for Employees (.pdf 846 kb)